The property market is slowly picking up with a demand from first-time buyers, said Bank of Valletta's head of home loans Edward Grech at an information seminar recently organised by Frank Salt.

Consultants and branch managers discussed current market trends and customer queries with some of BoV's top home loans representatives and managers.

BoV's home loan schemes and new packages to Frank Salt Real Estate customers were also discussed.

Through the bank's new home loan packages, property buyers will benefit from a number of advantages, including favourable interest rates, no processing fees, a 50 per cent discount on fixed interest rate booking, no processing fees with budget accounts of up to €1,000, and a 50 per cent discount on processing fees on personal loans.

In addition to this new package, Frank Salt customers can also benefit from other favourable home loan packages targeting first-time buyers, buy-to-let loans and second-time buyers.

"This year has been a challenging one for the real estate business in Malta," said Joseph Lupi, managing director for Frank Salt. "However, the worst is over and demand for property is picking up."

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