1. PROPERTY
THE ECONOMIC UPDATE M A R C H 1 08
Named after Grand Master Jean Parisot De La Vallette,
the hero of the Great Seige, she was at her time a model
of the renaissance city and is, to this day, considered as the
first modern city, in that she was planned and conceived as
a complete project from start to finish.
Valletta, in spite of the beautiful baroque architecture
of her Palazzos, her broad open Plazas and the luxurious
sprawl of her picturesque skyline, rising majestically out of
the Mediterranean, was primarily a fortress city. Following
the victory after the great siege of 1565, when an invasion
force of some 35,000 Ottoman Turks was repelled by a
force of 9000 amongst knights and local militia, the need
was recognized to fortify the heights of Mount Sciberras.
Fort St Elmo was in ruins, Fort St Angelo and Fort St
Michael were badly mauled and the islands had held out
but by the very skin of their teeth. With secure harbours
on either side and with its proximity to the then bustling
hub of government, it was imperative that a city be built
on Mount Sciberras to guard against future invasions, at
the time a very real possibility.
What resulted was a city that was both grand in
wealth and beauty, at her time of glory dubbed ‘La
Stupendissima’, by the greats of Europe, but also a highly
advanced fortress, considered virtually impregnable by the
military dictums of the age.
Included in the itinerary of the Grand Tour, the medieval
equivalent of the modern day cruise, a journey considered
a must within the highest echelons of European society,
Valletta has always boasted a cosmopolitan flare, a hub
of the arts and culture from the early days and through
the glorious reign of the Knights of St. John up until
the arrival of Napoleon Bonaparte in the early 1800’s.
Anecdotes of famous personages amongst writers, poets,
politicians, artist and others visiting the islands abound.
Amongst the most notable of these are Caravaggio, Lord
Byron, Sir Walter Scott, Coleridge and many, many more.
Under the British Empire Valletta experienced a
resurgence and when the islands, through their crucial
strategic position in the heart of the
Mediterranean basin, came under fire
from Axis aircraft during World War
II, the city bore her share of grief and
suffered her wounds under the relentless
pounding between 1942 and 1943. That
was a sorrowful time that saw the demise
of many a beautiful Palazzo including the
magnificent Opera house. This to this very
day stands derelict just off Freedom Square.
Present day Valletta is finally experiencing a general
resurgence and rehabilitation. Vast tracts of central
Valletta are being converted into pedestrian zones. The
Piazzas are receiving a thorough facelift. The facades of
the major palaces, bastions and Auberges are undergoing
extensive restoration works as both the government and
the general public, are reawakening to the true potential
and vibrant beauty of this priceless piece of heritage.
More importantly, over the late fifties up until the
nineties, ‘The City’ had seen a severe decline in population
and an alarming increase in the number of vacant houses
and apartments with grand Palazzos left to rot and ruin.
It is now experiencing a rediscovery by both locals and
foreigners moving to the islands from mainland Europe.
Here it is worthwhile to note that buying or renting any
kind of property in ‘The City’, really means, buying or
renting a part of the City.
We at REMAX TIGNE, form part of REMAX, the
leading International Real Estate Company, with a long
standing reputation both internationally and in Malta.
We have some of the most knowledgeable Associates on
the island. We have long recognized the potential Valletta
has to offer. With this in mind the company, with the
help of an expert on ‘The City’, Mark Schembri, offers
expert advice on the city and city dwellings. Another
aspect carefully being studied and specialized in, is the
commercial side. Shops, supermarket spaces, restaurants,
bars, outdoor cafes, guest houses and small hotels, are all
included in properties on offer with us.
With a penchant for friendly service and a thorough
knowledge of the city, its layout and its history, Remax
Tigne is confidently set to place itself as a leader in the
Valletta real estate scene, capable of meeting the needs
of all its customers. Office Spaces, sumptuous Palazzos,
quaint City Houses, harbour view Apartments; whatever
one’s tastes or requirements, Remax Tigne offers a solution
to suit all needs at realistic budgets.
Built by the Knights of St. John almost 500 years ago, Valletta, city of a thousand echoes,
stands as an enduring monument to the spirit of the men who built it.
REMAX CITY
ANDTHE

2. PROPERTY
THE ECONOMIC UPDATE M A R C H 1 09
Named after Grand Master Jean Parisot De La Vallette,
the hero of the Great Seige, she was at her time a model
of the renaissance city and is, to this day, considered as the
first modern city, in that she was planned and conceived as
a complete project from start to finish.
Valletta, in spite of the beautiful baroque architecture
of her Palazzos, her broad open Plazas and the luxurious
sprawl of her picturesque skyline, rising majestically out of
the Mediterranean, was primarily a fortress city. Following
the victory after the great siege of 1565, when an invasion
force of some 35,000 Ottoman Turks was repelled by a
force of 9000 amongst knights and local militia, the need
was recognized to fortify the heights of Mount Sciberras.
Fort St Elmo was in ruins, Fort St Angelo and Fort St
Michael were badly mauled and the islands had held out
but by the very skin of their teeth. With secure harbours
on either side and with its proximity to the then bustling
hub of government, it was imperative that a city be built
on Mount Sciberras to guard against future invasions, at
the time a very real possibility.
What resulted was a city that was both grand in
wealth and beauty, at her time of glory dubbed ‘La
Stupendissima’, by the greats of Europe, but also a highly
advanced fortress, considered virtually impregnable by the
military dictums of the age.
Included in the itinerary of the Grand Tour, the medieval
equivalent of the modern day cruise, a journey considered
a must within the highest echelons of European society,
Valletta has always boasted a cosmopolitan flare, a hub
of the arts and culture from the early days and through
the glorious reign of the Knights of St. John up until
the arrival of Napoleon Bonaparte in the early 1800’s.
Anecdotes of famous personages amongst writers, poets,
politicians, artist and others visiting the islands abound.
Amongst the most notable of these are Caravaggio, Lord
Byron, Sir Walter Scott, Coleridge and many, many more.
Under the British Empire Valletta experienced a
resurgence and when the islands, through their crucial
strategic position in the heart of the
Mediterranean basin, came under fire
from Axis aircraft during World War
II, the city bore her share of grief and
suffered her wounds under the relentless
pounding between 1942 and 1943. That
was a sorrowful time that saw the demise
of many a beautiful Palazzo including the
magnificent Opera house. This to this very
day stands derelict just off Freedom Square.
Present day Valletta is finally experiencing a general
resurgence and rehabilitation. Vast tracts of central
Valletta are being converted into pedestrian zones. The
Piazzas are receiving a thorough facelift. The facades of
the major palaces, bastions and Auberges are undergoing
extensive restoration works as both the government and
the general public, are reawakening to the true potential
and vibrant beauty of this priceless piece of heritage.
More importantly, over the late fifties up until the
nineties, ‘The City’ had seen a severe decline in population
and an alarming increase in the number of vacant houses
and apartments with grand Palazzos left to rot and ruin.
It is now experiencing a rediscovery by both locals and
foreigners moving to the islands from mainland Europe.
Here it is worthwhile to note that buying or renting any
kind of property in ‘The City’, really means, buying or
renting a part of the City.
We at REMAX TIGNE, form part of REMAX, the
leading International Real Estate Company, with a long
standing reputation both internationally and in Malta.
We have some of the most knowledgeable Associates on
the island. We have long recognized the potential Valletta
has to offer. With this in mind the company, with the
help of an expert on ‘The City’, Mark Schembri, offers
expert advice on the city and city dwellings. Another
aspect carefully being studied and specialized in, is the
commercial side. Shops, supermarket spaces, restaurants,
bars, outdoor cafes, guest houses and small hotels, are all
included in properties on offer with us.
With a penchant for friendly service and a thorough
knowledge of the city, its layout and its history, Remax
Tigne is confidently set to place itself as a leader in the
Valletta real estate scene, capable of meeting the needs
of all its customers. Office Spaces, sumptuous Palazzos,
quaint City Houses, harbour view Apartments; whatever
one’s tastes or requirements, Remax Tigne offers a solution
to suit all needs at realistic budgets.
Built by the Knights of St. John almost 500 years ago, Valletta, city of a thousand echoes,
stands as an enduring monument to the spirit of the men who built it.
REMAX CITY
ANDTHE