A PRESTIGIOUS HERITAGE PORTFOLIO EDITION V

As Malta Sotheby’s International Realty celebrates its fifth anniversary and presents the fifth edition of our Portfolio, we reflect on the elements that brought our plans of success into fruition—our team, our island, our brand, and of course our network.

The Sotheby's International Realty network continues to expand worldwide, with offices located in luxury markets within metropolitan areas and destination communities around the globe. This year, we embarked on an initiative to generate more referrals amongst our partners in the EMEIA region- branches in Europe, the Middle East, India, and Africa. The brand achieved over 1 billion euros in closed sales referrals in 2017, and we strove to ensure that these relationships kept flourishing. We attended regional meetings in Greece, Vienna, and Switzerland, unique opportunities to cooperate with our EMEIA partners and discuss closer collaborations between us. With this year’s conference in South Africa we will continue to foster partnerships with our affiliate offices while promoting our Mediterranean Maltese Islands.

I feel it is important to note that while Malta’s citizenship by investment program is a positive contributor to the country’s economy, it has a relatively modest effect on the islands’ real estate market. Our healthy real estate climate can be attributed to the economic growth of Malta, the fact that we have attracted upwards of 35,000 foreign workers in need of a residence, and Malta’s commitment to attracting foreign investment- forging the way in cutting-edge industries such as Blockchain and cryptocurrency, placing Malta as the first nation in the world to regulate Blockchain, earning recognition as the “Blockchain Island.”

What initially attracted me to the brand was something that few can offer but many feign-a prestigious heritage. Since its founding in 1744, The Sotheby’s Auction House has been uniting collectors with the world’s most cherished possessions, works of art. Centuries later it has grown into the leading global art firm and expanded far past master works of art, currently comprising over 60 distinct departments including Automobiles, Jewellery, Watches, and Wine. Innovation is in the company’s DNA, and it was that sentiment that led to the launch of an exceptional real estate group bearing the company’s name in 1976 –Sotheby’s International Realty. In 2017, Sotheby's International Realty brokers achieved approximately $108 billion in global sales volume, the highest annual sales volume performance in the history of the brand. Extraordinary corporate leadership allows Malta SIR to effectively target the most distinct and affluent buyers worldwide. Offices in our global network of 960 offices in 72 countries have extensive real estate experience, an in-depth knowledge of the local market, and a dedication to delivering excellent client service with confidentially and discretion.

The culture of Malta Sotheby’s International Realty is defined by its people- The diverse people of Malta that make up our growing team of 10 different nationalities. Malta has become a melting pot of cultures. It is an optimal destination not only for tourists but for entrepreneurs, retirees, and those seeking economic opportunity and a coveted Mediterranean lifestyle. High Net Worth Individuals also relocate to Malta every year, as Malta provides numerous programmes where individuals may obtain tax residency in Malta or Maltese citizenship.

The Maltese Islands have few hindrances— here there is no lack of history, no lack of stunning scenery, modern amenities, creativity, or talented people. But there is a lack of space. While the economic opportunities in Malta may grow, the island never will. New exciting developments and high-rise towers crafted by famed architects are addressing this growing need for residences and workspaces, while changing the face of the skyline.

The Malta SIR Portfolio was created at the heart of these elements and demonstrates the unique synergy that exists between the worlds of globalism, heritage, and real estate on the island of Malta. The Portfolio speaks to the sophisticated reader with a passion for culture, exquisite environments, and of course beautiful homes. This leads us to thank our talented team for upholding our extraordinary brand, as well as our supporting contributors and partners who enable us to present this year’s publication.

It all starts with inspiration, and inspiration starts with your surroundings. Your best life begins with a home that inspires you.

Michael J. Zammit Director & Joint Owner Malta Sotheby’s International Realty