Valletta, was recently awarded the prestigious title of European Capital of Culture 2018 on 13th October 2012. The nomination was presented by the Valletta Local Council, on behalf of all the localities of the Maltese Islands. The announcement was made during a press conference by Manfred Gaulhofer, Chairperson of the Evaluation Board.
European Commission representative, Ann Branch, said that the title of European Capital of Culture is a prestigious one, which was awarded to a city rich in history and with the potential to further stregthen its cultural and socio-economical sectors. She congratulated Malta for the work done and emphasised that our cultural and creative sector has a bright future ahead and thus encouraged Malta to keep on implementing its long-term plans for this sector.
It was noted that these long term plans for the cultural sector generates 4% of the GDP and employs around 8,000 persons in around 3,600 businesses. The then Minister of Tourism and Culture Mario de Marco, this news was very positive for our cultural and creative sector as well as for the Maltese nation.
In a buyers’ market there is an abundance of choice of real estate. Malta, although a small island offers many a variety of properties for all different lifestyles. A challenge that many buyers must overcome to make that final decision about which is the right property for them. This story hold true to the capital city of Malta! Engel & Vӧlkers Sara Grech focuses on working with motivated sellers which means that we can offer property on the market at a true market value. It has to be said that buyers are with an abundance of choice but ultimately look for the value of return of their investment. In the real estate business there is a saying which is: ‘location, location, location,’ and what a better location then in the European Capital of Culture for 2018.
For more information on properties located within the Capital of Valletta please click here.