Malta land is more valuable than money
It has suffered shortage of land throughout the history of Malta, an island country. Therefore, Malta land in the country is the most scarce and most valuable resource. The land that is scarce is guaranteed land for its owner. Why is the Malta land valuable? Is it a right investment to buy land in Malta?
Economy on the island of Malta is shaped around the land. So much so that those who own land in Malta seem to be medieval lords. Therefore, it is very difficult to buy land from Malta.
The Corinthia Group, which has about 1.7 euros in assets, has discounted 70m euros for the development of the land that the government calls the gold mile. The company wants to build a six-star hotel on the land. the hotel will invest about 300m euros for construction. The land on which the hotel is to be built allows an area of 100,000 square meters.
However, the people of Malta do not want more buildings to be built. They do not want the island of Malta to lose its historic characteristics. In Malta, the construction of apartment blocks instead of green living spaces is receiving reaction from the people.
Where is Malta?
Malta or the Republic of Malta, officially known as the islands state in southern Sicily, in the southern Mediterranean, in the southern part of Sicily. The Maltese archipelago consists of 3 large, 2 small islands. Elders: Malta, Gozo and Comino. Malta, which is the largest of the archipelago, has 237 km², Gozo is 68 km2 and Comino has an area of 2 km².
The country’s geographical location has made Malta a natural center. In addition to its geographical position, political stability and various financial supports reinforce its position. The most important natural resources of Malatya are sandstone and salt. Only 20% of the food needs are self-catering, and the fresh water resources of Malta are limited.
Malta’s most important sources of income are textile, electronic goods, tourism and foreign trade. In Malta’s domestic economy, the services sector, transportation, tourism and banking have an important place at a rate of 75%. 23% is the share of industrial sector from the national economy.
In Malta, agriculture accounts for only 3%. In addition to all these ratios, the financial sectors, which are especially important in terms of employment and foreign exchange gains, are at the forefront.