Date published: 01.09.08 - not release date

GOZO - NEVER HEARD OF IT - THAT'S THE POINT!

Most people will have heard of Malta, but how many will have heard of Gozo, its smaller sister island.

Residents are known as Gozitans rather than Maltese - and are regarded as a rather strange bunch by the mainland residents of Malta itself.

This is in part due to the much more rural nature of Gozo. If quiet is what you crave, then Gozo is the place to head.

The rental market on Gozo is strong as the island is a magnet for both the Maltese and overseas visitors alike – and tourism in both Malta and Gozo has seen strong growth in the last 12-18 months.

A new off plan development at the popular seaside resort of Marshalforn has just been launched. With most properties enjoying sea views, 83000 euros for a 2 bed apartment represents excellent value – but remember that you'll have to pay the finishing costs.

A number of very select apartment developments are also taking place on Gozo.

Stunning views are the major feature of a unique development at the historic Fort Chambray which overlooks the main harbour – that links Gozo with Malta. The Fort however provides an amazing backdrop and is over 300 years old. Prices here range from 200,,000 euros to 1.6 million euros !

A development at Tal General in San Lawrenz – has apartments that all face south and have views ’to die for’ of one of the best shore locations on Gozo. Prices range from 200,000 euros to 450,000 euros.

Equally, there are cheaper apartments and also currently, a number of large converted farmhouses with pools for around 400,000 euros represent excellent value for those looking for traditional character in a modern setting..

Regular ferry and seaplane services link Gozo to the mainland.

Ray Woods from www.maltabuyproperty.co.uk told us,
‘Gozo remains an undiscovered haven for many potential investors and those looking for a retirement or holiday home. Its' quiet rural location does not appeal to everyone, but for those who seek privacy and relaxation, it is well worth a visit.

Finance is readily available on Malta and Gozo – subject to status and the banks are in good shape. HSBC itself has opened a new financial centre on Gozo. The Bank of Valetta also offers competitive finance.

The islands are is politically stable and the economy is enjoying a sustainable level of growth that is being reflected in property prices. Their proximity to Italy and the North African Coast makes them an ideal base.

Low cost carrier Ryanair has daily flights from Luton whilst Easyjet flies from Manchester. Air Malta and the Charter lines also provide flights from most major airports.

For more details, go on line to www.maltabuyproperty.co.uk.
Issued by: Ray Woods of www.maltabuyproperty.co.uk in association with Frank Salt Real Estate of Malta Tel: +44 121 373 2440
www.maltabuyproperty.co.uk was founded by Ray and Elaine Woods who bought their own property in late 2002 and now provide advice and guidance to others aiming to do the same.
High Res photos are available of these developments.
Journalists wishing to undertake fact finding visits should contact www.maltabuyproperty.co.uk/contact_us.html