Why Demand for Luxury Property is Growing

In our last session of John Taylor live, we spoke about how demand for luxury property has increased after the COVID-19 Pandemic.

Life, as we know it, has changed forever. While many elements of our lives will undoubtedly return back to how they were before, many people have been left questioning what is important in their lives.

While many companies do want their staff to return to the office as restrictions are lifted, many companies have adopted a hybrid approach to work, allowing team members to work from home and the office.

As a result, there has been a greater demand for space at home. People are now requesting home office space and outdoor space in increasing quantities. How nice would it be to walk around the garden while taking a break from work?

Before COVID, people were content living in an apartment, but now after having spent some time stuck at home, they now would like the option of having their own outdoor space to enjoy while working from home.

At John Taylor Malta, we’ve noticed an increased interest in Penthouses in Malta, Villas in Malta, and Farmhouses in Malta.

With this in mind, we expect prices to creep up as demand outstrips supply.

Demand obviously affects prices. The average price of a villa in Malta is around €1 million. Property prices here in Malta are increasing at an average rate of approximately 10% per year which means that now has never been a better time to invest in property in Malta before prices balloon.

Contact John Taylor Malta for all your property needs. We would be happy to show you our selection of luxury property.