Market Spotlight: Portomaso Luxury Development

Malta the Gem of the Med, Malta Luxury Real Estate News, Luxury Lifestyle & Design News

16th September 2015

Market Spotlight: Portomaso Luxury Development

The concept of luxury living in Malta is hardly a novelty at this point in time, however along recent years the demand for luxury residential real estate has surged and continues to grow in the present. Although luxury property can be found throughout the island in various forms and layouts, luxury lifestyle developments provide an exclusive offering incorporating all the ancillary services and amenities that complement an affluent lifestyle and Malta is definitely not short of such complexes. The Portomaso development in St. Julian’s has grown to become one of Malta’s most prestigious leisure, residential and business addresses. The car-free complex includes 420 luxury residences, the 5-star Hilton hotel in Malta, the 23-storey Portomaso Business tower as well as a high-end shopping complex and a vibrant dining scene. This development is further complemented by a yacht marina and underground parking and 24/7 security services. Perhaps the most captivating element of living in Portomaso is the fact that all the residences within the development guarantee undisturbed tranquillity and mesmerising views, while upon stepping outside, one immediately finds themselves in the midst of a town buzzing with activity in one of Malta’s most cosmopolitan localities. The strategic location and quality of living within the development makes it a popular choice with local and foreign investors alike. Properties within the Portomaso development include luxury apartments starting from 1-bedroom pads to multi-level apartments and top-floor penthouses with private pools – all with high quality finishes and calming views. Despite being a development, the purchasing and renting options are diverse, both for those who are looking to rent out a property as well as for those who are looking to buy as a rental investment. In addition, it is also good to know that Portomaso falls beneath a list of Special Designated Areas (SDAs), meaning that foreigners looking to purchase residential property here will not require special permits or be subject to certain restrictions which would otherwise apply. Property prices in Portomaso start at around € 250,000 and go up from there, depending on the property type one is after. Below is a selection of some of the fienst properties currently available for sale in Portomaso, listed with Malta Sotheby’s International Realty. Luxury developments continue to be the favourite option with those buyers who are not simply looking to step into a new home, but a whole new lifestyle.

Tastefully Finished Apartment, Portomaso Tastefully Finished Apartment | 3 bedrooms, 2 bathrooms | € 750,000

Multi-Level Luxury Apartment, Portomaso Multi-Level Luxury Apartment | 3 bedrooms, 3 bathrooms | € 1,250,000

Excellently Finished Apartment | 3 bedrooms, 2 bathrooms | € 1,500,000

Portomaso Designer Finished & Furnished Apartment Designer Finished & Furnished Apartment | 3 bedrooms, 3 bathrooms | € 1,900,000

For more information about property in Portomaso and other luxury lifestyle developments, kindly direct your request to info@maltasothebysrealty.com or visit our website.