Royal Visit Boost For Holiday Island

Leaders of over 50 countries from the Commonwealth will be meeting on the Mediterranean island of Malta from November 25 to 27, and for three days the island will be enjoying the attention of hundreds of millions of TV and online news viewers and newspaper readers worldwide.

Malta has often been overlooked by holidaymakers and second home owners in favour of other Mediterranean islands such as Mallorca, Cyprus and Menorca, and hotels and estate agents alike on the island are hoping that the three days of publicity will boost tourist and property buyer numbers.

With good all year round weather and an English speaking population visitor numbers from the UK, which make up about half of the island’s tourist numbers, have been surprisingly flat in recent years, and with cheaper holidays available in the new destinations from Eastern Europe such as Bulgaria set to capture more of the UK holiday and property market Malta could see tourist numbers remain level or even fall in future years.

Malta Holidays

Malta missed it’s own target of a modest increase in tourists this summer, and there are worries on the island that the opportunity to increase awareness among potential visitors will be missed.

Michael Johnson of Tribune Properties who specialise in property for sale in Malta comments:

‘Malta is ideally situated in the Mediterranean to attract tourists from all over Europe and further afield but for a lot of people I speak to in other countries it isn’t an obvious destination of choice.

The island has a strong domestic property market and doesn’t rely too heavily on overseas property buyers like some of the Mediterranean islands do, but at the same time those that do buy here play a good role in the economy overall.

The timing of the Commonwealth meeting is good as it’s just before the New Year when a lot of people decide where they will be going for their summer holidays, and next summer’s tourist could be next winter’s property buyer. But they’re only going to do that if they visit the island first, and I’m hoping that Malta will see an increase in tourists  – it really depends on whether the island takes this chance to market itself in the months ahead on the back of the free publicity the Commonwealth will bring..’

The Commonwealth Heads of Government Meeting takes place very two years, and has its roots in the  British Empire, with 53 members who were former British colonies belonging to the organisation.

Queen Elizabeth II is the head of the Commonwealth, and will be visiting with Prince Philip for a two day trip to Malta to open the meeting on November 25 in Valletta, the island’s capital. It will be the royal couple’s first visit to Malta since 1992, and welcoming crowds are expected in similar numbers to their previous four visits.

In addition to the Queen and Prince Philip, among the attendees will be the United Kingdom’s Prime Minister Tony Blair, and the Prime Ministers of Canada, New Zealand, India, South Africa, Singapore and Australia.

‘Around half of Malta’s tourists are from the UK’ adds Michael Johnson, ‘and it’s a similar figure for non islanders buying property here. As well as increasing holidaymaker numbers from the traditional UK market we should be trying to appeal to people in Canada, Australia, South Africa and New Zealand and other countries who take a holiday in Europe to consider visiting Malta for a few days to sample the fine hotels, hospitality, history and culture that the island is so rich in. But it remains to be seen whether the tourist board is capable of translating good free publicity into visitors for the island.’

Jets Buzz Holiday Island

With visitor numbers static in recent years and facing new competiton from former Eastern Bloc countries offering cheap holidays, the recent announcement by the Maltese government that negotiations were at an advanced stage with two low cost airlines has sparked hopes that the island will see a rise in visitor numbers - much to the relief of some in the travel industry worried about the future of Malta as a holiday destination.

Even before the new carriers to the island land the existing airlines have been offering return flights at prices seemingly much lower than in the past to try and hold on to their share of the market.

According to on-line travel guide YourMalta.com the airline negotiations have been tempered with the need for the island’s government to see that the national carrier, Air Malta, isn’t damaged as it is one of Malta’s major employers.

Traditionally the UK has been Malta’s biggest market for incoming tourists, often making up over half of the island’s visitors in any given year, but some on the island see even this market as under threat. And property buyers from the UK have accounted for seventy per cent of Malta property sales to overseas buyers in recent years.

A good portion of UK visitors and property buyers for Malta in recent years have been ex-forces who served for the British during WW2 when Malta held out against Hitler’s Luftwaffe, and then in peacetime through to 1964 when Malta became independent, who returned for holidays.

But with the inevitability of this market declining a new breed of Malta’s holiday and hotel entrepreneurs see Malta’s future as less dependent on the UK tourist, and being more cosmopolitan in her outlook.

 Declining Market and New Opportunities

Tribune Properties, a UK company specialising in Malta properties, say they have noticed more buyers making enquiries from other countries over the last year. In particular they say they have been receiving enquiries from France, Italy and Germany.

‘The UK remains the foundation for overseas property buyers considering buying property in Malta, but the overall percentage is reducing as more and more people in mainland Europe have visited Malta, and liked it so much they want to either move to the island full time or buy a holiday home.

The arrival of low cost flights to Malta though could reignite British interest as three and four day breaks a few times a year becomes financially viable. If the airlines fly to destinations in Europe too the number of buyers for Malta property could rise in the immediate and medium term’ explains Tribune’s Managing Director, Roger Munns.

For Malta’s tourist industry three and four day visitors in increased numbers will be a welcome boost. There is discussion on the island about extending club’s opening hours beyond the current 4am.

Clubbers in the UK are used to 6am closing, and might be deterred from making a weekend trip with a three hour flight only to find shorter hours available for partying.

‘There are new opportunities for Malta, and it’s for the island to decide whether to embrace them and gain a new generation of visitors – or ignore them and lose an asset for the economy’ agree YourMalta.com

‘Malta has a lot to offer the visitor apart from being a Mediterranean holiday island. Malta has a rich culture and history, and can easily appeal to all generations from toddlers to pensioners. More Italians and other nationalities are discovering Malta as a destination. Malta will become more cosmopolitan. And while some of the older more conservative residents are likely to be against a younger and more diverse mix of visitors from what they have been used to and see change as something to be afraid of, we believe the island will embrace the more cosmopolitan feel, while retaining the features that make Malta a unique visit among her Mediterranean island competitors.’

11 High Cost Inspection Traps You Should Know About Weeks Before Listing Your Home For Sale

 by Rob Andress

 Homebuyers want to know your home inside and out while homebuyers are as individual as the homes they plan on purchasing, one thing they share is a desire to ensure that the home they will call their own is as good beneath the surface as it appears to be. Will the roof end up leaking? Is the wiring safe? What about the plumbing? These, and others, are the questions that the buyers looking at your home will seek professional help to answer. According to industry experts, there are at least 33 physical problems that will come under scrutiny during a home inspection. We've identified the 11 most common of these and, if not identified and dealt with, any of these 11 items could cost you dearly in terms of repair.

In most cases, you can make a reasonable pre-inspection yourself if you know what you're looking for. Knowing what you're looking for can help you prevent little problems from growing into costly and unmanageable ones. 11 Things You Need to Know to Pass Your Home Inspection

1. Defective Plumbing Defective plumbing can manifest itself in two different ways: leaking, and clogging.A visual inspection can detect leaking, and an inspector will gauge water pressure by turning on all faucets in the highest bathroom and then flushing the toilet. If you hear the sound of running water, it indicates that the pipes are undersized. If the water appears dirty when first turned on at the faucet, this is a good indication that the pipes are rusting, which can result in severe water quality problems.

2. Damp or Wet Basement An inspector will check your walls for a powdery white mineral deposit a few inches off the floor, and will look to see if you feel secure enough to store things right on your basement floor. A mildew odor is almost impossible to eliminate, and an inspector will certainly be conscious of it. It could cost you $200-$1,000 to seal a crack in or around your basement foundation depending on severity and location. Adding a sump pump and pit could run you around $750 - $1,000, and complete waterproofing (of an average 3 bedroom home) could amount to $5,000-$15,000. You will have to weigh these figures into the calculation of what price you want to net on your home.

3. Inadequate Wiring and Electrical Your home should have a minimum of 100 amps service, and this should be clearly marked. Wire should be copper or aluminum. Home inspectors will look at octopus plugs as indicative of inadequate circuits and a potential fire hazard.

4. Poor Heating and Cooling Systems Insufficient insulation, and an inadequate or a poorly functioning heating system, are the most common causes of poor heating. While an adequately clean furnace, without rust on the heat exchanger, usually has life left in it, an inspector will be asking and checking to see if your furnace is over its typical life span of 15-25 yrs. For a forced air gas system, a heat exchanger will come under particular scrutiny since one that is cracked can emit deadly carbon monoxide into the home. These heat exchangers must be replaced if damaged - they cannot be repaired.

5. Roofing Problems Water leakage through the roof can occur for a variety of reasons such as physical deterioration of the asphalt shingles (e.g. curling or splitting), or mechanical damage from a wind storm. When gutters leak and downspouts allow water to run down and through the exterior walls, this external problem becomes a major internal one.

6. Damp Attic Spaces Aside from basement dampness, problems with ventilation, insulation and vapor barriers can cause water, moisture, mold and mildew to form in the attic. This can lead to premature wear of the roof, structure and building materials. The cost to fix this damage could easily run over $2,500.

7. Rotting Wood This can occur in many places (door or window frames, trim, siding, decks and fences). The building inspector will sometimes probe the wood to see if this is present - especially when wood has been freshly painted.

8. Masonry Work Re-bricking can be costly, but, left unattended, these repairs can cause problems with water and moisture penetration into the home which in turn could lead to a chimney being clogged by fallen bricks or even a chimney which falls onto the roof. It can be costly to rebuild a chimney or to have it repainted.

9. Unsafe or Over-fused Electrical Circuit A fire hazard is created when more amperage is drawn on the circuit than was intended. 15 amp circuits are the most common in a typical home, with larger service for large appliances such as stoves and dryers. It can cost several hundred dollars to replace your fuse panel with a circuit panel.

10. Adequate Security Features More than a purchased security system, an inspector will look for the basic safety features that will protect your home such as proper locks on windows and patio doors, dead bolts on the doors, smoke and even carbon monoxide detectors in every bedroom and on every level. Even though pricing will vary, these components will add to your costs. Before purchasing or installing, you should check with your local experts.

11. Structural/Foundation Problems An inspector will certainly investigate the underlying footing and foundation of your home as structural integrity is fundamental to your home. When you put your home on the market, you don't want any unpleasant surprises that could cost you the sale of your home.By having an understanding of these 11 problem areas as you walk through your home, you'll be arming yourself against future disappointment.



Rob Andress is the Broker of Record for MINCOM Island City Realty Inc. Brokerage. With over 25 years of professional real estate experience in Brockville Rob's knowledge in invaluable. Formore details on brockville real estate and homes for sale in brockville than please visit our website.

Article Source: http://www.articlesphere.com/Article/11-High-Cost-Inspection-Traps-You-Should-Know-About-Weeks-Before-Listing-Your-Home-For-Sale/270215

Helpful Tips For Buying Your First Home

 by Leeanne Kunnert

 Purchasing your first home comes with many trials and tribulations.  In the first year after closing there are many valuable lessons to be learned.  Here are some things to think about as you begin the process of going from renting to buying.

 Think About The Future:  When buying your first home it is easy to get caught up.  At the time you can't imagine that you will ever need to sell this home you are about to start building your future in.  This however can't be further than the truth.  The truth is the first home you purchase will most likely not be the last one you purchase.  No matter where you are at or what stage you are at it is important that you take into consideration how difficult it will be to eventually sell when you are ready for the next step.

 Checklist:  When you are purchasing your first home, second or third, you will find it is quiet an emotional process.  It is quite possible to overlook things when your emotions start to take over.  Before starting your adventure into buying your first home create a checklist of must-haves, nice-to-haves and other essentials.  Print the list and take a copy with you to each and every house you visit.    Also bring with you a camera.  If you fall in love with a home but with your checklist and photos show that the house doesn't have any of the must-haves then at least it will make you rethink the purchase?

 Budget For Housing Expenses:  When considering what you can don't just consider the principal, interest, taxes and insurance.  You must take into account the amount you will spend on utilities, home improvement upgrades and costs to commute.  Can you afford the house, the extra expenses while living the life style you have become accustomed to?

 Look Into The Neighborhood:  Check out the neighborhood.  Is it a neighborhood that is full of children and growing families?  Do you enjoy the chitter-chatter of kids or will it drive you crazy?  Is the neighborhood full of older adults whose families have grown?  Did you plan on having kids?  Will the lifestyle you are considering for your future fit within the existing neighborhood?

 Look Beyond The Staging: We all think we are smart enough that we will not fall for the tricks that are used in staging however the psychology of staging works.  Homes look better when they are occupied.  When you are truly looking to say yes to a home it is important to remove the staging setup from your mind and consider your belongings in the layout of the home. Just because lights are sitting on the nightstands doesn't mean that there are plugs there to go with it.  Staging can play games with your emotions.



Lady of the Lakes Real Estate is Livingston County's premiere realtor; out of Pinckney, Michigan helping buyers buy and sellers sell homes that provide a recreational lifestyle including golf courses, lakes and the Huron river chain of lakes, throughout Brighton, Howell, Pinckney and the surrounding area. Find out more at http://www.ladyofthelakes.com.

Article Source: http://www.articlesphere.com/Article/Helpful-Tips-For-Buying-Your-First-Home/404119