Property in Swieqi

Overview of Swieqi and it's Properties

Swieqi is a locality on the border between urban and rural, a suburb with a modern face and an agricultural heart. The name itself is derived from irrigation channels used in the locality's fields in the past. Today it includes the sub-localities of Ta' l-Ibraġ, Madliena and St. Andrew's, which together with Swieqi itself form an upper-class locality experiencing a strong demand for its real estate. The property market in Swieiq is a bouyant market highly due to its rental opportunities but also owing to the high level standard of properties located in the area.

Swieqi started developing into a residential area in the mid-eighties and has been transformed into one of the highest sought after areas in Malta. The mixture of properties includes terraced houses, villas as well as apartments and maisonettes. It is important to note that the town was developed with good planning and thus when visiting you will see that it has suburban layout.

Over the years, the town has also adapted to its commercial needs where one will find all the necessary commercial outlets. The town has a mixture of locals and ex-patriates inhabitants which gives it cosmopolitan and upmarket feel.

It's Surroundings

Swieqi lies just north of the Grand Harbour conurbation, linked to the very urban St. Julian's while at the same time retaining its suburban character, looking toward the very rural village of Għargħur to the north. Most of its area is rural or comprised of lower density residences on high land, overlooking beautiful valleys and the dramatic eastern Maltese coastline. Further towards the south and east, adjacent to Pembroke and St. Julian's, residences are typically modern - terraced houses and luxurious, well-lit apartment blocks dominate the streets here. Boasting of an airy atmosphere and good-looking public gardens and playing fields, Swieqi is a bright and family-friendly locality.

Shopping, Schooling and Amenities

Day-to-day shopping can be done in town, where several food shops and other basic necessity stores are situated. Larger shopping trips and more specific errands can easily be carried out in nearby St. Julian's and Sliema, Malta's shopping and business centres. While Swieqi itself is almost completely residential, the night life, dining and entertainment hub of St. Julian's is adjacent to the town of Swieqi, and accessible even on foot. That said, Swieqi keeps its distance and characteristic sub-urban atmosphere even near St. Julian's, and plenty of private garages mean that parking problems for residents are minimal.

On the other hand, Swieqi is located in a scenic area, with plenty of countryside walks and high hills overlooking typically Maltese agricultural land. Sea, fields, hills, access to the hinterland mean plenty of space for lovers of the outdoors and children in need of plenty of exercise and fresh air. In densely-populated Malta, such easy access to greenery and open space is highly prized, and not always easily found.

Pembroke's numerous sport facilities and public and private schools are also easily accessed from neighbouring Swieqi. Locals, both adults and children, can enjoy football fields, tennis courts, basketball and handball courts, martial arts halls, archery ranges, and many other options with all related classes and clubs available. Walking distance to these facilities from Swieqi adds to the locality's value.

Children in Swieqi furthermore enjoy a good choice of nearby schools, both public and private, allowing for short travelling distance between home and school, and also a very safe environment.

Real Estate Opportunities

Swieqi is a well-maintained locality with a variety of real estate opportunities. Although the gamut of properties runs from apartments through terraced houses to hillside villas with amazing views, the whole locality is relatively highly valued.

Houses and villas with large gardens, as well as a number of public gardens and playing fields give families with children the possibility to exercise and socialise in relative safety. The Swieqi local council has made good use of their limited landscaping and have created a lovely playground and safe meeting point for children and teenagers, which has also lifted the value of property in the area.

A high rental yield of 5% to 7% and stable rate of capital appreciation of between 4% and 8% makes Swieqi an ideal place to invest. Prices may be on the higher end of the range, however its location, safety, amenities, facilities and resale value of your home makes finding the right property in Swieqi sound like finding a bargain.