CC PROPERTY
“Investors know that these apartments will benefit from strong capital appreciation.” – Steve Carter, Managing Director, Ricasoli Properties Ltd
The Shoreline: spectacular views
Why buy property in Malta? Asked what important factors Maltese or foreigners should keep in mind when buying a property, Andrew Gatt, Sales and Marketing Manager at Ricasoli Properties Ltd advises, “look around, do your research, taking into consideration the price, the area and the opportunities it offers for future growth, and engage reputable professionals to assist including estate agents, notaries public and architects. Finally, one needs to factor the intention: why is a property being bought? Is it for a holiday home, a permanent residence, and are there any special needs?” While areas like St Julian’s, Sliema and Attard always remain attractive, Special Designated Areas (SDAs) are particularly sought-after due to the benefits for foreign buyers who may purchase multiple units under the same terms as Maltese nationals, and may rent them out, together with strong capital appreciation since only a few SDAs exist. The Shoreline apartments constitute one of them. For foreigners seeking to purchase rather than rent property in Malta, Mr Gatt advises, “buy into Malta first, try and spend time here – ideally in rental accommodation rather than in a hotel – before committing. Then try to match your lifestyle with the property: is it pet-friendly? What about outside – does it have outdoor spaces, pools, views? It’s also good to think of any future needs one may have.” OCTOBER/NOVEMBER 2017
But what makes an apartment at The Shoreline an attractive proposition? Steve Carter, Managing Director of Ricasoli Properties Ltd, explains that with most of its residences enjoying spectacular views, beautifully-landscaped open spaces and an assortment of community amenities, The Shoreline offers apartment owners a unique and exciting experience of contemporary living in a new environment on an island that has an even brighter future. These residences propose an important and essential residential component to the current offices and other exciting developments projected at SmartCity within the next five years. “In this scenario, investors prefer to buy on plan now, as they are buying tomorrow’s property at today’s price,” Mr Carter explains. While Ricasoli Properties Ltd is doing its part in terms of offering comfortable payment plans, investors know that these apartments will benefit from strong capital appreciation because of the project’s attributes. The architectural challenge has been entrusted to EM Architects & Civil Engineers, led by architect Prof. Edwin Mintoff. Ricasoli Properties believes that EM has managed to achieve an exciting balance between massing and viewpoints by creating a building that has a large frontage facing the sea with large terraces on all levels, a podium accommodating a private landscaped area, as well as leisure facilities which include a large pool/deck area reserved for residents. The podium sits on top of a series of dining offers that surround the SmartCity Laguna, and on the top floor of the shopping mall, thus ensuring an active frontage onto the Laguna. As the appointed architects for the interior design of the residences and common areas within the residential blocks,
Carter Architectural Studio (CAS), led by architect Perit Claire Carter, is contributing its vision to create interiors that respect the contemporary aspirations of the owners and future tenants, by crafting a stylish approach that embraces the project’s surroundings externally and embodies a sleek and modernist outlook internally. For these and other reasons, including an underground car park and a shopping mall with over 30 outlets, The Shoreline is considered the best property investment in this part of Malta, which holds significant potential for capital appreciation, particularly as works on the site progress. The Shoreline is also attracting foreign buyers. Mr Carter mentions several reasons for this, including excellent connections, a stable and democratic country, a high standard of living, a highlyeducated workforce, the advantages of a Mediterranean lifestyle, as well as the eclectic mix of 6,000 years of different cultures and cuisines. Other advantages include the ease with which expatriates fit into the local lifestyle as reinforced through recent international surveys. In addition, Malta offers a great choice of properties, months-long nice weather, clean and clear bathing waters and beaches, a wide choice of residency options and friendly taxation schemes. Other attractive benefits are investment incentives, excellent healthcare and education, widely-spoken English and Italian, full employment and a booming economy punching well above its weight. cc Ricasoli Properties Limited, Suite 407, Level 4, Block SCM01, SmartCity Malta, Ricasoli. T: 2180 8895/2180 8970; E: sales@theshorelineresidence.com; www.theshorelineresidence.com
Luxurious living at The Shoreline
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