I personally believe that the Maltese property market is experiencing a strong bubble and could soon experience a major correction.
1.
Substantially all real estate companies listed on the Maltese stock market are in a multi-year bear market. (something pumped during covid, and then went down again).
As we know, financial markets discount events that occur in the economy much earlier.
Obviously we are talking about a ridiculous market with books that I won't comment on, but they still represent the country.
2.
Every low IQ expat wants to buy a house in Malta (clear top signal)
3.
They are starting to sell houses that are not yet completed or in planning (which was quite rare before), obviously to set a price that is much higher today than in the future.
4.
Prices are kept high mainly by apartments in which many people live (often Indians/Bangladesh and other low-level workers), who share the costs.
5.
The 5% refund will soon be abolished (Caruana), we don't know when yet but it's quite certain.
(If you didn't pay 5% there would be no point in staying in Malta as a company)
6.
Minimum EU Tax soon. (again)
7.
There isn't a single person I've spoken to who isn't convinced the market won't continue to rise.
They often use the excuse that Malta is small and there is no space. bulls**t. Licenses are widely granted, and there is still plenty of space left.
8.
The Nationalist Party will almost certainly win in the next round. Yes ok probably nothing will change.
9.
Huge amount of real estate available after over 20 years of wild construction. A small contraction in demand would be felt immediately.
10.
The end of Russia-Ukraine could create a significant drop in demand (Malta is really full of them)
11.
General super greedy behavior from the locals.
12.
Every non-maltese person on the island stays in Malta for some work/tax saving reason. Other than that there isn't a single person who would live there.
13.
Inflation is falling.
14.
Huge disparity between real salaries and ability to afford an apartment.
The only real reason that could remain is the non-dom system for natural persons, and the easily obtainable gaming (betting) licenses.
1.
Substantially all real estate companies listed on the Maltese stock market are in a multi-year bear market. (something pumped during covid, and then went down again).
As we know, financial markets discount events that occur in the economy much earlier.
Obviously we are talking about a ridiculous market with books that I won't comment on, but they still represent the country.
2.
Every low IQ expat wants to buy a house in Malta (clear top signal)
3.
They are starting to sell houses that are not yet completed or in planning (which was quite rare before), obviously to set a price that is much higher today than in the future.
4.
Prices are kept high mainly by apartments in which many people live (often Indians/Bangladesh and other low-level workers), who share the costs.
5.
The 5% refund will soon be abolished (Caruana), we don't know when yet but it's quite certain.
(If you didn't pay 5% there would be no point in staying in Malta as a company)
6.
Minimum EU Tax soon. (again)
7.
There isn't a single person I've spoken to who isn't convinced the market won't continue to rise.
They often use the excuse that Malta is small and there is no space. bulls**t. Licenses are widely granted, and there is still plenty of space left.
8.
The Nationalist Party will almost certainly win in the next round. Yes ok probably nothing will change.
9.
Huge amount of real estate available after over 20 years of wild construction. A small contraction in demand would be felt immediately.
10.
The end of Russia-Ukraine could create a significant drop in demand (Malta is really full of them)
11.
General super greedy behavior from the locals.
12.
Every non-maltese person on the island stays in Malta for some work/tax saving reason. Other than that there isn't a single person who would live there.
13.
Inflation is falling.
14.
Huge disparity between real salaries and ability to afford an apartment.
The only real reason that could remain is the non-dom system for natural persons, and the easily obtainable gaming (betting) licenses.
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