At its AGM at the Corinthia San Ġorġ Hotel last month, Frank Salt Real Estate managing director Joseph Lupi said the company registered substantial growth through all its 12 branches.

The company’s overseas operations registered the largest increase in business activity, with strong interest from the UK, South Africa, western Europe, Russia and the Scandinavian market.

“It is good to see that the British are once again looking at the possibility of buying or renting property in Malta,” said Mr Lupi. Notwithstanding the adverse housing market in the UK, the drop in the value of the sterling against the euro and other negative factors, the British are eager to buy property in Malta.

Last year also saw the opening of a new Frank Salt Real Estate branch dedicated to residential letting and commercial property. Throughout the year Frank Salt consolidated its team of property consultants while undertaking an exercise to engage more professionals.

This was backed by aggressive training and other internal initiatives, as well as the introduction of higher yield remuneration packages. Activity in the commercial property sector has also been promising, with increasing interest in office space, particularly from overseas.

Awards for best sales and letting consultants, as well as best branch, won by the letting division, were handed out during the event.

The conference, which was attended by staff, company associates and other guests, was opened by chairman Frank Salt.