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HSBC Bank Malta plc is continuing to offer customers support to purchase a home through a range of home loan options. The bank has also made significant improvements in its home loan service. The bank announced this during an exclusive networking event held fHSBC bolsters home loan lending to support customers, industry
HSBC Bank Malta plc is continuing to offer customers support to purchase a home through a range of home loan options. The bank has also made significant improvements in its home loan service. The bank announced this during an exclusive networking event held for real estate agents, notaries, architects and other interested parties. In view of the ongoing debate around the sustainability and future of the residential property market, the bank invited Gordon Cordina, a consultant economist, to present the findings from a study he has just conducted on the recent performance of the residential real estate market in Malta. The study concluded that the increase in the residential real estate market turnover in 2018 appears to continue to be supported by economic fundamentals, and that conditions are set for a continued, but possibly more moderate, increase in turnover in 2019 and 2020. The study also highlighted that the north harbour area, where the average price of property is twice the national average, accounted for 30 per cent of total market turnover and 40 per cent of its growth in 2018. On the other hand, the highest rates of price growth and the highest relative growth in... Read more