77 Great Estates Review

rev覺ew ISSUE 01 / MAY 2013

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EDITORIAL

Welcome to the first issue of the 77 Great Estates Review ■ as a relatively small firm in our ever developing property market, 77 Great estates specialises in the medium to high luxury residence market and high street commercial properties for sale or to let.

Our main focus is to provide top quality properties for potential property buyers and lessees in both local and foreign markets.

Our careful selection of properties allows us to be as time efficient as possible and therefore to close as many deals as possible at the best prices.

We go out of our way to take care of all our foreign clients’ needs, not only by looking after their property requirements but also, for example, by assisting them in importing their vehicles, offering advice on the best

revıew ISSUE 01 / MAY 2013

school for their children and anything else related to relocating to Malta.

Moreover, we carefully select the locations: we look for villa areas, special Designated areas, seafront properties and country estates amongst others.

Our property negotiators are highly motivated, hard-working, determined and honest. through our international contacts and those of our negotiators, 77 Great estates speaks many languages ranging from spanish to russian, with a range from south america to the eastern european countries.

We hope you enjoy browsing through our property review where you will find the best we have to offer.

PUBLISHER 77 Limited www.77Greatestates.com info@77Greatestates.com

PHOTOGRAPHER rene rossignaud – www.rossignaud.com

EDITOR Dr Carl Peralta

PRINTING Progress Press Ltd, Mriehel. tel: 2276 4400.

DESIGN allied Newspapers Ltd, Valletta. tel: 2559 4700.

You can always consult our ever-growing portfolio of properties on www.77Greatestates.com.

Dr Carl Peralta Founder & Owner

DISTRIBUTION 77 Great Estates Review is distributed with The Sunday Times of Malta.

Further copies are also available from 77 Great estates, 213 tower road, sliema.

ADVERTISING For advertising, call edmund Vassallo on 2559 4704 or e-mail evassallo@timesofmalta.com © 2013. all rights reserved. reproduction in whole, or in part, without written permission of the publishers, is prohibited.

Join 77 Great Estates Would you like to run or work in an estate agency catering for the high-end clientele?

77 Great estates owns an extensive list of qualified buyers and lessees who would like to purchase or lease a luxury residence or a high street property together with suitable matching properties. are you the right person to join a busy yet profitable industry? We are constantly looking for individuals with the right determination and skills who tick the right boxes: ■ General Manager – head a team of trained property negotiators; ■ Property Negotiator – form part of our office situated on tower road sliema; ■ Business Development Coordinator – head our Marketing and Human resources department; ■ Referral broker – earn generous commissions by referring property owners or potential buyers/lessees to our Firm.

Would you like to be a Franchise owner or co-own a new department servicing our real estate clients?

We are also looking for selected businessmen to act as Franchisees/ Partners of 77 Great estates. the main benefits include: ■ an existing portfolio of luxury residences and high street properties for sale or to let in Malta. Most of these properties are owned by motivated owners; ■ a list of potential buyers and lessees, the majority of whom are qualified acquirers; ■ an international network of partners; ■ Consultancy and training for all the staff in all departments and at all levels; ■ a constantly updated website visited by high-end clients; ■ the services of a Business Developer Coordinator for the company’s publications, marketing campaigns, advertising materials, Open Houses, social media including Facebook, LinkedIn, twitter etc; ■ Intellectual property including manuals and various agreements amongst many others.

If you’re the right person, we would like to hear from you.

Contact Dr Carl Peralta of 77 Great estates directly on (00356) 9944 7444 or carl@77Greatestates.com.

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SERVICES

Dr Carl Peralta Managing Director ■ Tel: 9944 7444 ■ Email: carl@77GreatEstates.com

Lori Massa Office administrator ■ Tel: 9962 7777 ■ Email: info@77GreatEstates.com

Anna Giusti Offices & Shops ■ Tel: 7931 7777 ■ Email: offices@77GreatEstates.com

Marianne Mifsud North Area & Gozo ■ Tel: 9963 7777 ■ Email: SLM@77GreatEstates.com

Anthony Xerri South Area ■ Tel: 9961 7777 ■ Email: south@77GreatEstates.com

Danica Hili Residential Letting ■ Tel: 9954 7777 ■ Email: HC@77GreatEstates.com

Dr Hugh Peralta Director ■ Tel: 9943 2415 ■ Email: info@77Ltd.com

Leif Magnusson Catering, Hotels, Lidos ■ Tel: 9968 7777 ■ Email: ch@77GreatEstates.com

David Leguesse Shops, Showrooms, Warehouses & Garages ■ Tel: 9952 7777 ■ Email: so@77GreatEstates.com

Joanne Bonnano North Area & Offices ■ Tel: 9959 7777 ■ Email: LN@77GreatEstates.com

Marco Galea Zammit Luxury Residental Sales

Property Management ■ 77 Great Estates administers residential and commercial properties in Malta which are available to let or already leased.

Through our property management service, a landlord may appoint a property manager to become the first point of contact throughout a tenancy, giving them peace of mind that any queries will be dealt with by their appointed property manager.

Our property manager will not only deal with maintenance issues, but will also provide a rent collection and credit control service, as well as the handling of all administration work. By monitoring contractors and building a good relationship with them, we ensure the best quality of service is provided at the best possible prices, without troubling the landlords.

Our property manager is expected to build a good relationship with both landlords and tenants and acts as an intermediary between the two, ensuring that the tenancy runs as smoothly as possible.

Moreover, 77 Great Estates may source a tenant for a vacant property or for a property which is about to be vacated. In fact, we co-operate with any estate agent/intermediary in order to organise viewings and ultimately lease the property as soon as possible at favourable terms and conditions.

Trust us – we work hard to offer an exceptional service, and treat our clients like VIPs.

■ Tel: 9932 7777 ■ Email: RL@77GreatEstates.com

Anaïs Roëls International Marketing ■ Tel: 9958 7777 ■ Email: pr@77GreatEstates.com

Amanda Lawson Interior Designer ■ Tel: 9951 7777 ■ Email: business@77GreatEstates.com

77 Great Estates, 213 Tower Road, Sliema SLM1602, Malta. Tel: (00356) 2721 7777.

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RESIDENTIAL SALES

PORTOMASO Penthouse €8,525,000 ■ Definitely a rare find. This 1,445sqm majestic penthouse finished and furnished to the highest levels possible is enough to leave anyone truly speechless.

This property consists of 4 units craſtfully joined together to turn it into a dream home. This property enjoys large sea front terraces one of which having a large private pool, marble floors, a large games room with pool table and various video games, gymnasium, steam rooms, study rooms, walk in wardrobes, 7 bathrooms/ensuites/guest restrooms, 4 bedrooms, living room, lounge room, a 100 foot living/dining area, kitchen/breakfast, pantry, store room, equipment room, a solid marble bar area, a filing room, a fully equipped professional cinema room, ‘his’ and ‘hers’ study areas with terraces, as well as 4 car spaces. The list is endless! Viewings will definitely not disappoint. A rare property for the discerning client. REF 4408 TEL: (00356) 2721 7777 MOB: (00356) 9944 7444 EMAIL: info@77GreatEstates.com

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RESIDENTIAL SALES

MADLIENA Villa €1,100,000 ■ Semi-detached corner villa enjoying fantastic open sea views and country views, forming part of a gated community in Madliena and in one of the best parts of Malta. Consisting of lovely kitchen/living/dining, 3 double bedrooms, ensuites, bathrooms and WCs, basement with a games room and a reservoir, large garage and lovely garden with swimming pool. Part-exchange considered. The property is being sold freehold. REF 3211

ST JULIANS Apartment €450,000 ■ Fantastic apartment situated literally in a valley enjoying ample privacy. Common parts enjoy anti-porta, 2 liſts and marble flooring. Residence consists of 2 double bedrooms, 2 ensuites, guest bathroom, boxroom area, kitchen/living/dining with floor to ceiling apertures overlooking the garden and large backyard.

Fully finished to high standards with floor drains and fully air-conditioned with 4 air-conditioners. Optional inter-connected lock-up garage/s at minus 1 level situated very close to the liſts. Property is being sold freehold. REF 4938 TEL: (00356) 2721 7777 MOB: (00356) 9944 7444 EMAIL: info@77GreatEstates.com

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RESIDENTIAL SALES

SLIEMA Apartment €915,000 ■ Located in one of the most prestigious areas of Sliema, this apartment consists of a large kitchen/living/dining leading to a terrace, 4 double bedrooms (main bedroom with ensuite and walk-in-wardrobe) 2 bathrooms, washroom and pantry. Optional 3 car lock-up garage at basement level. Facilities include access to communal swimming pool and gym. Negotiable. REF 2850

MELLIEHA Apartments & Penthouses Starting from €104,800 ■ Award-winning luxury residences ranging from 97sqm (1 bedroom) to 185sqm (3 bedrooms). Highly finished, created with a very keen eye for detail, this block offers spacious open floor plans, refined gypsum designer ceilings, intelligent lighting system preparation, multi-room audio speakers, air-conditioning systems, open sea and country views and much more. REF 1603 TEL: (00356) 2721 7777 MOB: (00356) 9944 7444 EMAIL: info@77GreatEstates.com

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RESIDENTIAL SALES

XAGHRA, GOZO House of Character €470,000 ■ An authentic house of character, meticulously converted to retain many traditional features. Layout consists of kitchen, living, dining, 5 bedrooms, 3 bathrooms, arched central courtyard and a 150sqm garden with a lovely overflow pool. Being sold furnished and ready to move into.

Freehold. REF 3179

MARSASCALA Farmhouse €2,500,000 ■ Situated on 1.9 tumoli of peace and tranquility, this outstanding property combines the excellence of Milan finishes with the best of taste and design. Entering from the front portico into a welcoming hallway, you are immediately greeted by the spacious 90sqm living area and as you look around the luxury and space of the interior is all you ever desired. Modern touches such as intelligent lighting and computer controlled ambience systems incorporate modern technology into this original farmhouse. The kitchen breakfast, dining and living areas all open out onto the exquisite rear gardens and pool deck area wherein you find a 92sqm pool, lush lawns and palm trees.

On the side is a further lawned area with stables, paddock and a vista of rolling country views. Also part of the ground floor area is a full size office, a deluxe guest bathroom and a large double bedroom with ensuite and walk-in wardrobe. Moving upstairs via a hand selected marble and glass staircase is a wide landing with 3 further double bedrooms with ensuites and walk-in wardrobe/dressing rooms, whilst off the master bedroom is access to a 100sqm terrace which overlooks the gardens and pool below. This is truly a property for the most discerning with exacting standards and one that is totally unique both in style, quality and price. 1 car garage and 12 car carport. Freehold. REF 2023 TEL: (00356) 2721 7777 MOB: (00356) 9944 7444 EMAIL: info@77GreatEstates.com

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RESIDENTIAL SALES / COMMERCIAL LETTING

MARSASCALA Starting from €98,000 ■ Overlooking the tranquil Marsascala Bay, this residence set new standards for luxury property developments in Malta. Covering an area of 16,000sqm this attractive development offers 1, 2 and 3 bedroom apartments and lavish penthouses, many offering spectacular views across the Mediterranean Sea. Also available Commercial Properties to let such as catering establishment, gym, convenience store, offices and beauty shop ranging from 80sqm to 700sqm.

One may enjoy a large communal swimming pool, a beautiful central piazza and underground parking. The low building density and sensitive landscaping, coupled with attractive and unique elevations have gone a long way towards upgrading the locality of Marsascala, attracting local and foreign residents and investors.

This residence offers an exclusive new lifestyle in one of Malta’s most desired localities, and is located in close proximity to many of the island’s most popular attractions. It is also located in a Special Designated Area. This means that nonMaltese citizens can purchase property within the same rights as Maltese Citizens.

No government permits are required, and an individual is able to purchase more than one property unit in the name of an individual/s or a company or trust.

This attractive lifestyle development comprises: • an area of more than 16,000 square metres with lavish and sensitive landscaping; • a range of studio, 1, 2 and 3-bedroom apartments and penthouses, many with wonderful sea views; • a large communal swimming pool; • a piazza; • underground parking; • proximity to the area’s most popular attractions.

TEL: (00356) 2721 7777 MOB: (00356) 9944 7444 EMAIL: info@77GreatEstates.com

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RESIDENTIAL SALES

MELLIEHA Starting from €199,000 ■ When you make this your home, you are welcomed into the charming communities of the residence itself, as well as the village of Mellieha.

As a European Destination of Excellence, Mellieha has been recognised as one of the most enticing parts of Malta – and is a truly great place to live.

Located in the picturesque north, with its stunning sea views and open countryside, the town is known for its top restaurants, hotels and attractions. The area boasts some of the most popular sandy beaches in the country, and provides plenty of scope for those who want to make the most of the Island’s incredible climate by swimming or scuba diving. There is plenty for the whole family to enjoy, from family parks to long walks in the unspoilt countryside. Additionally, Malta’s tiny sister islands – Gozo and Comino – are just a short ferry ride away from nearby Cirkewwa.

Designed in 3-phases, this graceful terraced development is built on a steep hillside that promises incredible, and oſten unobstructed, views of the Mediterranean Sea below. An architectural gem, it comprises a cluster of luxury apartments and penthouses, and offers excellent on-site facilities for its residents.

This charming seafront project comprises: • 130 1-3 bedroom villa apartments in 11 clusters; • 17,000 square metres of landscaped grounds and gardens; • a totally car-free zone; • underlying lock-up garages; • 3 communal swimming pools; • easy access to the foreshore; • proximity to sandy beaches.

This development is classified as a Special Designated Area.

TEL: (00356) 2721 7777 MOB: (00356) 9944 7444 EMAIL: info@77GreatEstates.com

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RESIDENTIAL SALES

ST JULIANS Apartment €220,000 ■ Situated on the seafront of the popular Spinola bay is this apartment boasting stunning views from the sun drenched south facing terrace. Consisting of a kitchen/living/dining, bathroom, double bedroom with another balcony overlooking another road. Optional 2nd bedroom available too. Freehold. REF 3606 TEL: (00356) 2721 7777 MOB: (00356) 9944 7444 EMAIL: info@77GreatEstates.com

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RESIDENTIAL SALES

OPEN DAY: Sunday 26th May from 10am to 5pm. Follow signs from the Coast Road or from Gharghur.

For more information call on 9944 7444.

MADLIENA Apartment €420,000

■ Luxury apartment situated in an exclusive location a short walk away from the village of Gharghur and 10 minutes from the bustling commercial and entertainment sea side districts of Sliema and St Julians Bay. Featuring spacious living rooms and terraces overlooking breathtaking views.

The interiors are finished to exceptionally high specifications – complete on a “ready-to-moveinto” basis with fully fitted bathrooms, traditional balconies, central heating and VRF airconditioning preparations, a common gas system and 1-car garage included. Other key features include a common large, high-level open air swimming pool and sun-deck terraces, as well as the carefully designed pedestrian pathways and landscaped gardens that can be used in comfort all year round. Layout consists of entrance hall, large kitchen/living/dining, 2 double bedrooms (main bedroom with ensuite), 1 single bedroom and bathroom. REF 2680

MELLIEHA Bungalow €1,850,000 ■ This is a luxurious and expansive bungalow located in Santa Marija Estate. Built on a plot of 1,300sqm and offering views of the bay and the open sea. Access to the property is through the drive-in which takes you to the graciously curved staircase to the house as well as to the 2-car garage on the lower level. This furnished property comprises a sizeable central courtyard, 6 bedrooms, 5 ensuites, lounge, very spacious living room, dining room, kitchen, library, study and a large patio. Complementing this property is an underlying one-bedroom flatlet, a mature garden and a sizeable swimming pool with a spacious sundeck. REF 2031 TEL: (00356) 2721 7777 MOB: (00356) 9944 7444 EMAIL: info@77GreatEstates.com

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RESIDENTIAL SALES

SLIEMA Apartments Starting from €210,000 ■ New modern block of only 7 flats situated in front of a road enjoying ample light. Less than one minute away from Tower Road, the popular promenade and the beaches. Measuring 160 square metres. Consisting of a larger than usual front balcony, kitchen/living/dining, hall, guest bathroom, 3 double bedrooms ensuite and backyard. Fully finished except sanitary ware and internal doors. Optional car space at €25,000.

Freehold. REF 1760

BIRKIRKARA

MELLIEHA

REF 1545 ■ 2 adjacent unconverted HOUSES OF CHARACTER enjoying a 65 foot facade. Ideal as a residence, “Buy-to-let”, clinic/office with easy parking. Only €50,000 each freehold.

REF 3132 ■ Luxury finished PENTHOUSE in a good location enjoying spectacular sea and country views from a spacious terrace. Consisting of a kitchen/living/dining, 2 bedrooms, ensuite and bathroom. €175,000 freehold.

LUQA

QAWRA

REF 3251 ■ TOWNHOUSE full of character. 3 bedrooms, ensuites, WC, kitchen, separate living, central courtyard, roof. Garage. €90,000 freehold.

MELLIEHA

REF 4401 ■ 150sqm highly fully furnished APARTMENT. 3 double bedrooms, ensuite, combined kitchen/ living/dining, bathroom, front balcony. Optional garage/s. €145,000 negotiable.

SLIEMA (TOWER ROAD)

REF 1713 ■ Furnished STUDIO at €110,000 enjoying 52sqm living space; 2 bedrooms starting at €222,000 for a 100sqm living space; 3 bedrooms starting at €280,000 for a 113sqm living space; 4 bedroom seafront at €1,500,000 enjoying 210sqm internally and 113sqm externally; 5 bedroom seafront PENTHOUSE at €1,700,000 enjoying 290sqm internally and 89sqm externally. Optional garages starting at €22,000. Finished to high standards and freehold.

REF 3600 ■ New and modern PENTHOUSE in a quiet area enjoying sea and country views. Consisting of a kitchen/living/dining, large front and back terraces, 3 bedrooms, walk-in-wardrobe and ensuite, bathroom and wash room. Optional garage. €210,000 freehold.

LIJA

REF 5309 ■ HOUSE enjoying a 70ſt facade and a front garden, drive way and a 2 car garage. Consisting of hall way, kitchen, separate living, separate dining, 5 bedrooms, boxroom, washroom and back yard. €360,000.

RABAT (L/O)

REF 5012 ■ Detached 4 bedroom FARMHOUSE enjoying sea and country views. Set on 6 tumoli of land with ample space for a swimming pool and entertainment area. €700,000 freehold.

ST JULIANS

REF 6123 ■ Stunning PENTHOUSE enjoying 360 degrees views

of Balluta Bay and beyond. Separate living/dining leading to front and side terraces, 3 bedrooms, ensuite, bathroom and lock-up garage. €840,000.

PORTOMASO

REF 6112 ■ 270sqm luxury designer APARTMENT. L-shaped kitchen/living/dining overlooking the terrace enjoying open seaviews and marina views. 3 bedrooms, ensuites, walk-in-wardrobes, large washroom and WC. Above road level. €1,390,000 fully furnished.

FOR SALE / TO LET

ST JULIANS (BALLUTA)

REF 4645 ■ New 2 car lock-up GARAGE enjoying a comfortable wide ramp ideal for a small boat.

ZEBBUG

REF 6124 ■ Fully converted HOUSE OF CHARACTER. Finished to high standards and ready to move into. Enjoying 2 bedrooms, central courtyard, washroom and roof.

Freehold. €145,000 or €1,000/month.

PORTOMASO

REF 5284 ■ Luxuriously finished 2 bedroom, ensuite, washroom and large terrace overlooking the marina.

Car-space included. Fully furnished. €650,000 or €1,800/month.

TEL: (00356) 2721 7777 MOB: (00356) 9944 7444 EMAIL: info@77GreatEstates.com

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COMMERCIAL SALES & LETTING

ZURRIEQ Catering €3,600,000 ■ Well finished catering establishment surrounded by mature gardens and land. Enjoying an industrial kitchen, a licensed winery with about 3,000 vines planted in 1998, olive grove, water source and bar. Also ideal as a residence with country-views, fire-place, swimming pool, lawn and air-conditioners. Freehold. REF 146

ST JULIANS CENTRAL Catering, Retail Outlets and Offices Rent or Joint Venture ■ This project boasts of a high quality design 9-level building situated in a uniquely accessible location, only 2 minutes away from the airport and within 25 minutes reach from any part of the island. Offering spacious and bright office space which is tailored to the needs of organisations, the Business Centre is the local base of international high profile brands.

This Business Centre has in fact been cited as the ideal base for corporate headquarters in Malta, providing an excellent range of facilities, making one’s life easier and ensuring maximum convenience.

Amenities include: Malta’s largest child care facility; a fitness and wellness centre and beauty and grooming services; banking facilities, Insurance Branch, Dental and Implantology Centre, an IT and gadgets store, as well as bookshop and stationery. Complimentary underground car parking facilities are also available.

It is the first building to have obtained the internationally recognised BRE environmental assessment method Certification, locally. Being a Grade A office park proves the building’s commitment to energy efficient performance. This assessment process has awarded the Business Centre on three main criteria: Location strengths – close to public amenities, transportation and leisure activities; Performance history – quality and transparency of construction methods; Building efficiencies – including finishes, access, parking, scalability of expansion. REF 2996

Retail Outlet or Office €24,000 yearly ■ Extremely well located 100sqm outlet close to Spinola bay. Enjoying visibility and a useful front terrace. Ready to move into – finished with air-conditioners. REF 6060

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And sTAnd ThE chAncE TO wIn FAnTAsTIc pRIzEs!

TEL: (00356) 2721 7777 MOB: (00356) 9944 7444 EMAIL: info@77GreatEstates.com

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COMMERCIAL LETTING & SALES

SLIEMA Office €30,000 yearly ■ Fantastic seafront office forming part of a majestic block enjoying an impressive common entrance complemented with 2 liſts. Situated in Malta’s most modern city, the office consists of 4 independent seafront rooms with balconies, corner terrace and a 5th office room with shower ensuite, bathroom and kitchenette with appliances such as a dishwasher and coffee machine amongst others. Equipped with air-conditioners, network cables, Bosch security system and fire-extinguishers throughout.

Practically fully furnished with 10 office desks, 2.8 metre boardroom table which seats at least 8 persons, 46" flat screen TV. Optional underlying car-space with remote control door. Options for a joint-venture are being considered, whereby no rent will be charged in exchange for a shareholding in the firm. REF 2298

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VALLETTA

REF 1585 ■ 70sqm unconverted vault. CATERING permit or office, etc. €8,000/year. Adjacent vault available too.

MOSTA

REF 5863 ■ Corner OFFICES on 2 floors situated in a prime area. 262sqm internally and 298sqm terrace. A must see. €31,000/year.

ST JULIANS

REF 5800 ■ Highly visible CATERING establishment situated on one of the busiest roads in Malta. 60sqm openplan with a large window overlooking open views. €50,000/year; no premium.

VALLETTA

SLIEMA Catering €65,700 yearly + premium or for sale at €698,000 ■ Located on the popular promenade in Sliema enjoying passing trade and visibility.

This renovated restaurant consists of 60 covers with room for expansion, a fully equipped kitchen and a rare ambience. REF 5817 TEL: (00356) 2721 7777 MOB: (00356) 9944 7444 EMAIL: info@77GreatEstates.com

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REF 6119 ■ 160sqm OFFICE forming part of a prominent commercial block. Enjoying 5 large rooms with ample light, 2 bathrooms and boxroom. €230,000.

TA’ XBIEX

REF 6038 ■ VILLA enjoying a wide facade, 2 doors, driveway, majestic entrance, internal yard, mature garden with a well, chairliſt, 4 double bedrooms with air-conditioners, bathrooms, balconies, 2 large washrooms and a large roof top with good sea views. Excellent location (possibly OFFICE permits) and close to all amenities. Lock-up garage. €800,000 freehold.

SLIEMA Office Starting from €3,000 yearly ■ Serviced office desk in a dedicated room situated at basement level measuring about 25sqm. Forming part of a corner ground-floor seafront office. Enjoying 2 entrances and marble flooring. Including full-time staff, boardroom facilities, kitchenette, bathroom and backyard. Equipped with professional photocopiers/printer/scanner, alarm, 8 CCTV cameras, fire/smoke detectors, fire-extinguishers, punch clock etc. Additional desks available too and optional car-spaces close by. REF 3156

RESIDENTIAL LETTING

SLIEMA Townhouse €3,500 monthly

ZURRIEQ Bungalow €320/night or €4,000 monthly ■ Located in a tranquil and secluded area of the southern village of Zurrieq (10 minutes from the airport), this fully detached villa enjoys its own private pool and garden, sauna, BBQ and sunbathing facilities. Featuring an open plan kitchen/dining/living space, guest bathroom, 3 bedrooms all with private ensuite facilities. Luxury finish in a classic-contemporary look. REF 6027

■ A unique and expertly converted corner town house, located on the best streets in Sliema just a stone’s throw away from the seafront and shops. No expense has been spared in restoring this house, transforming it into a comfortable 4 double bedroom and 4 bathroom home served with liſt and a 3 car garage. The ground floor has marble floors in the entrance, an elevated living room and dining room and 2 studies with wooden floors, separate kitchen and a guest restroom. The first floor has 3 bedrooms, one with its own living room, and 3 bathrooms. The property is complemented by another floor which has its own kitchen, double bedroom, living room and shower room. The roof terrace and courtyard provide ample outside space for entertaining. Both kitchens are equipped with all appliances including a dishwasher, the three living rooms are equipped with a plasma TV and the washing room with a tumble dryer and washing machine. Optional short let of at least 3 months at a higher rent is also considered. REF 5477

SLIEMA €1,500 monthly (Short Let) ■ Literally seconds away from sea front, this Apartment enjoys a large hallway, kitchen/dining leading to a backyard, living, 3 bedrooms, ensuite, bathroom and boxroom. Fully furnished and air-conditioned. Also available for sale at €279,000. REF 5227 TEL: (00356) 2721 7777 MOB: (00356) 9944 7444 EMAIL: info@77GreatEstates.com

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INTERVIEW

77 Great Estates interview Mrs Helga Ellul ex-Playmobil Malta Ltd CEO and Consultant ■ You have travelled the world and meet many foreigners, why would you recommend Malta as a place to live in, set-up business or retire? Malta has a stable political climate. It is business friendly: for example the set up of companies can be done in a short time. Also being a small island economy there is a fast decision making process without a heavy hierarchy. It is English speaking and commercial law is based on English law. Good human resources of high professional standards are also available.

On the social side it is a very safe place to live, with many cultural events of high standards taking place all year round, as well as all sports activities such as tennis, golf, polo, football, and cricket are available and can be played the whole year round outdoors due to the mild Mediterranean climate. Malta also has a high standard of education and various private schools are available, as well as a high standard of health care and state of the art hospitals. Altogether it is an easy place to set up or do business and due to its small size and the friendliness of the Maltese people it is very easy to live in Malta and integrate.

The local property market has flourished in recent years. What, do you think, is the reason for this success? This is mainly due to the variety of property available – from small central flats to very upmarket penthouses right at the sea side. Beautiful century-old

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palazzos or farmhouses are on the market. There is a great choice available and due to the fact that Malta is an EU country it is easy for people to move their residence to Malta or live part of the year in the mild Mediterranean climate. Over the last years there has also been a remarkable increase on air connections as well as daily, rapid sea connections to Sicily.

If you had the opportunity to retire early, in which part of Malta would you retire? I was always very fond of Gozo, the small sister island with its more rural settings.

Which type of property would you look for? Is there anything particular you look for in your property search? I would and have a modern penthouse in Malta (Naxxar) where I live most of the time,

but I also own an old farmhouse (dating from 1740) in Gozo for weekends and holidays to relax.

Do you consider purchasing property in Malta as a great investment one could make? Property in Malta is a good investment as there is a good rental market (quite a large number of expatriates working in Malta as well as young Maltese families). Due to its size and land available, property will always have a good re-sale value as there is a big limitation in terms of space and therefore land is very valuable.

What do you think of property prices in Malta?

Moreover, do you think property prices in Malta will go up or down? Property prices are on the higher side, due to the fact that land is very valuable and that there is a good re-sale market, however as is the case with property it always depends on the location.

What do you think of “Buy to lets”? Is the yield (rental return) and capital appreciation satisfying?

I think there is a good investment to be made to “buy to let” if one buys the property for investment and therefore of the right size and location.

What other observations do you have about the local real estate market? The property market in Malta is handled by high professional real estate companies which offer, apart from sourcing the right property and handling the sale, various other services such as help with decorators, architects, construction companies and so on.