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Tigne Property Development in Malta

By Jamie Richardson | July 16, 2019

We know that a real estate property anywhere in Malta can easily be considered a great investment. With millions of tourists and pilgrims visiting the country annually, even a simple apartment in the countryside can generate a sizeable income. But there’s really something about Sotheby's Malta properties in Tigné Point, Sliema that makes it a potential cash cow in the long run. In this post, you’ll know more about Tignè Point real estate properties a sound long-term investment.

Consistently Booming Economy

Sliema has been Malta’s prime leisure location for many years. Add to that the recent developments at Tignè Point, which is located in the northeast coast on the Marsamxett Harbour.

Tignè Point is a property development site for luxury homes, penthouses, and apartments. This area is positioned to become one of the country’s lifestyle hubs, featuring high-end commercial spaces, fitness facilities, residential properties, and cafés. The recently approved 28-storey Town square high-rise in Sliema is going to draw more business activity.

Picture-Perfect Landscape

Summer time in Malta is during June to August, which is also the peak travel time. But the country’s weather is actually mild and sunny all-year-round. You can actually enjoy 300 days of sunny weather. This means that every day is a perfect day to hit the beach, climb a mountain, surf, go on a cruise, or do other outdoor activities.

As a peninsular resort town, Sliema has been a must-visit attraction for both local and foreign travelers. Beaches and dive sites are just a couple of minutes away. If you like to just take a nice long jog or walk by the beach, you can just go to Sliema Front.

Having a real property in Tignè Point is the surest way to leverage the steady influx of tourists visiting Malta. In the first place, Sliema is home to some of the country’s top-rated vacation attractions, the best of which are the following:

  1. Sliema Harbour to go on a cruise or island hopping tours to Comino and Gozo
  2. Christine X Art Gallery to see artworks from international and local emerging artists
  3. Salesian Theatre to watch classical shows
  4. The Roman Baths to pamper yourself with a refreshing swim
  5. Stella Maris Parish Church and the Chapel of Our Lady of Graces, which are two of the oldest architecture in the country
  6. Manoel Island to visit some picturesque filming locations of the Game of Thrones

Safe Neighborhood

Sliema used to be a quaint and quiet fishing village. Its name is loosely translated from a Maltese word, which means “peace, comfort.” True to its name, Sliema is among the top 5 safest places to live in Malta. The town has all the amenities and facilities a traveler could ever need, including resorts, shopping centres, and transportation options to other travel attractions in Malta.

Looking at it from a business perspective, a rental property in Sliema, specifically in Tignè Point, is going to be a good choice for many travelers, considering the town’s low crime rate.

Diverse Culture and Welcoming People

Also called a “fortress colony,” Malta has a lot of barracks, watch towers, and military bases, which can surely satisfy a culture aficionado’s thirst for cultural immersion.

Strategically situated in the Mediterranean, the Maltese islands have been occupied by different colonizers, including Phoenicians around 700 BCE, Romans during the 218 to 395 BCE, and the British from 1800 to 1964. In Tigné Point, for example, used to have a local militia watch point in 1417 built by Dragut, an Ottoman admiral.

And as a predominantly Catholic country, Malta also has festivals and events almost every month. This means that the place is also a perfect place for pilgrimages and religious tours. Catholic festivals are one of the reasons tourists visit this place to join the festivities.

Over the years, the Maltese have seen a marriage of cultures as evident in the country’s architecture and cuisine.  With its architecture, welcoming community, and cultural sites, it can easily be said that those who own real estate properties for rent here is going to handle bookings all-year-round.

Looking at the strategic and picturesque location of Tigné Point, one can easily say that a real estate property in this part of Malta is a profitable move. Investing in a property here is indeed one of the ways to capitalize on tourism industry of Sliema, or in a larger scale, Malta.

Jamie is a 5-year freelance writer who enjoys real estate. He is currently a Realty Biz News Contributor.
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