Article Sphere Logo
 

Royal Visit Boost for Med Island Property

By Expert Author: Roger Munns | Article Abstract
Word Count: 608 words | Views: 92 view(s)
Leaders of over 50 countries from the Commonwealth will be meeting on the Mediterranean island of Malta from November 25 to 27, and for three days the island will be enjoying the attention of hundreds of millions of TV and online news viewers and newspaper readers worldwide.

Malta has often been overlooked by holidaymakers and second home owners in favour of other Mediterranean islands such as Mallorca, Cyprus and Menorca, and hotels and estate agents alike on the island are hoping that the three days of publicity will boost tourist and property buyer numbers for 2006.

With good all year round weather and an English speaking population visitor numbers from the UK, which make up about half of the island's tourist numbers, have been surprisingly flat in recent years, and with cheaper holidays available in the new destinations from Eastern Europe such as Bulgaria set to capture more of the UK holiday and property market Malta could see tourist numbers remain level or even fall in future years.

Malta Holidays

Malta missed it's own target of a modest increase in tourists this summer, and there are worries on the island that the opportunity to increase awareness among potential visitors will be missed.

Michael Johnson of Tribune Properties who specialise in property for sale in Malta comments:

'Malta is ideally situated in the Mediterranean to attract tourists from all over Europe and further afield but for a lot of people I speak to in other countries it isn't an obvious destination of choice.

The island has a strong domestic property market and doesn't rely too heavily on overseas property buyers like some of the Mediterranean islands do, but at the same time those that do buy here play a good role in the economy overall.

The timing of the Commonwealth meeting is good as it's just before the New Year when a lot of people decide where they will be going for their summer holidays, and next summer's tourist could be next winter's property buyer. But they're only going to do that if they visit the island first, and I'm hoping that Malta will see an increase in tourists in 2006 - it really depends on whether the island takes this chance to market itself in the months ahead on the back of the free publicity the Commonwealth will bring..'

The Commonwealth Heads of Government Meeting takes place very two years, and has its roots in the British Empire, with 53 members who were former British colonies belonging to the organisation.

Queen Elizabeth II is the head of the Commonwealth, and will be visiting with Prince Philip for a two day trip to Malta to open the meeting on November 25 in Valletta, the island's capital. It will be the royal couple's first visit to Malta since 1992, and welcoming crowds are expected in similar numbers to their previous four visits.

In addition to the Queen and Prince Philip, among the attendees will be the United Kingdom's Prime Minister Tony Blair, and the Prime Ministers of Canada, New Zealand, India, South Africa, Singapore and Australia.

'Around half of Malta's tourists are from the UK' adds Michael Johnson, 'and it's a similar figure for non islanders buying property here. As well as increasing holidaymaker numbers from the traditional UK market we should be trying to appeal to people in Canada, Australia, South Africa and New Zealand and other countries who take a holiday in Europe to consider visiting Malta for a few days to sample the fine hotels, hospitality, history and culture that the island is so rich in. But it remains to be seen whether the tourist board is capable of translating good free publicity into visitors for the island.'
Roger Munns

About the Author/Author Bio

For a guide to the island, including holidays in Malta, hotels, self catering holiday villas and apartments, flights, car hire and details of Malta's main towns of Valletta, St Julian's, Sliema, Mellieha, St Paul's Bay, Qawra and Bugibba visit http://www.yourmalta.com

To request details of current property and real estate for sale in Malta visit http://www.maltaproperty.info

For hotels in Malta, visit Hotels in Malta

Article Source: http://www.articlesphere.com/Article/Royal-Visit-Boost-for-Med-Island-Property/1791

Article Submitted: 2005-11-08 | This Article has been viewed 92 times.

Rate Article

Related Videos

Learn about Catalina Island
Learn about the Catalina Island Hotels
Discover The Islands of New Zealand
Escape from Monkey Island - 32 - To Monkey Island
The Curse of Monkey Island Walkthrough - 22 - Skull Island
 

More "Real Estate" Related Articles

 
 

Listed below are more articles related to the above article from the "Real Estate" article category.

People interested in the above article "Royal Visit Boost for Med Island Property" are also interested in the related articles listed below:

 
IDX MLS solutions can play a role in helping you nurture your relationships with the different real estate contacts, even though this may seen to be improbable when you first think of it.' However, let us first examine the function of the IDX MLS system in the generation of real estate leads, which is made possible by being the main attraction for your website.
Browse the property sections of the popular residential sales magazines and websites and there are many tempting properties in the idyllic location of Cornwall. You may be doing this whilst sitting at your desk in the big smoke and want to relocate your family for a bit of the good life. But is it all it is cracked up to be. Here we outline some good areas to start your search and some of the pros and cons you will encounter.
Government foreclosures are sold by the government. There are many reasons why the government will occasionally seize a private property or a piece of commercial real estate. Sometimes, this occurs because a property owner has not paid the property taxes which are owed to the government on the property. The government can then repossess the property and resell it in order to make up the lost revenue. In some cases, if a property owner commits a crime on a property - such as drug manufacturing or drug sales, for example - the government can seize the property as part of the proceeds of an illegal business.
If you are a new homebuyer, looking for your first home, you will want to take a good look at bank foreclosed houses. For many first-time homebuyers, bank foreclosed houses - also known as Real Estate Owned (REO) properties - are a good choice. This is because these homes offer all the benefits of foreclosures - including low prices - but with fewer risks and hassles than many other types of distressed homes.
Dallas foreclosed homes declined in the first six months of 2009, but experts note that this has more to do with government programs than with an economic turnaround. Buyers can still benefit from a large selection of Dallas foreclosures at low prices.
Mirrors hung on the wall can also help brighten up a dreary dark space. Large mirrors in pretty frames hung on the wall can add an elegant focal point to a room while helping to move light around and creating the illusion of a larger space. Light colored paint can also help to bounce light around a room too.
Federal homes are government foreclosures being sold by agencies which are part of the federal government. While the government is not in the business of selling or buying residential real estate, the government does insure some mortgages. When a homeowner defaults on such a home loan, the government pays the lender for the property. When the home is repossessed, the government takes possession of the property and tries to resell it in order to recoup the money that has been paid to the lender. Federal homes are often sold below market value because the government wants to recoup their money quickly.
 
Article Directory Home All Categories Real Estate
 

Can't find what you're looking for? Try Google Search!
 
Copyright © 2005 - by Larry Lim, Singapore - Article Search Engine Directory at ArticleSphere.com™
All Rights Reserved Worldwide. All Trademarks and Servicemarks are the property of the respective owners.

Afrikaans Albanian Arabic Belarusian Bulgarian Catalan Chinese (Simplified) Chinese (Traditional) Croatian Czech Danish German English Estonian Filipino Finnish French Galician Greek Hebrew Hindi Hungarian Icelandic Indonesian Irish Italiano Japanese Korean Latvian Lithuanian Macedonian Malay Maltese Dutch Norwegian Persian Polish Portuguese Romanian Russian Serbian Slovak Slovenian Spanish Swahili Swedish Thai Turkish Ukrainian Vietnamese Welsh Yiddish