Hi Alex,
Well I live in Malta and there are many new positive projects in the offing. I am involved in a project which will be launched very soon on the market which would offer state of the art accomodation, managed facilities, shopping plaza, outdoor pool (1200sq m.) indoor olympic size lap pool, indoor virtual golf and a prestigiuos hamam spa.(3000 sq metres and fully equipped gym. It is situated conveniently close to all sandy beaches in picturesque , tranquil surroundings with easy access to outdoor activities such as fishing, water sports, hiking,sailing etc.There is also a proposed marina in the area so boat owners would find it extremely convenient.There is a choice of seaview or country view accomodation ranging from studios and one bedrooms (ideal for rental investment) upto four bedroomed and also penthouses with their own private pool! The launch should take place in March 2008 but pre launch prices will be available before that.The International Facility Management Company will be offering rental services for purchasers aimed at short stays for people who are seeking a luxurious break with five star facilities but at a better price. As you can see there is alot of seriuos investment going on in Malta and now would be the right time to be involved.
Designated areas such as this project allows foreigners to purchase multiple units and there is an added attraction, bearing in mind the tax incentives that are being offered to foreigners. Malta's tax legislation provides for relief from double taxation and there is also a low flat rate of income of 15% with a minimum tax liability of LM1,800 (E4,193) after double taxation relief per annum. Businesses are also offered very favourable incentives.

Have you ever been to Malta ?