Value for Money
PROPERTIES

VALLETTA

Priced at Lm295,000 (Euro 660,800)

Boasting and enviable heritage and situated in on of Valletta's most picturesque neighbourhoods.

Beautiful period town house circa 1720, sprawled over 3 floors with own roof. Fantastic and breath taking harbour views.
A jewel in the Capital city, great potential and a truly rare find..
Also includes a basement (with commercial permits). Approx. 400 sq.m

Also as a commercial block having Approx. 12 rooms over looking a central courtyard, cellar and roof space with potential for penthouse enjoying views of the 2 cities.

About Valletta:
Valletta is named after its founder, the respected Grand Master of the Order of St John, Jean Parisot de la Valette. But the city really owes its birth to his arch enemy, Grand Turk Suleiman the Magnificent.

When the Knights arrived in Malta in 1530, they had settled in the small village of Birgu (Vittoriosa), which was protected by Fort St Angelo. They managed to enlarge the old St Elmo watchtower on the Sceberras Peninsula opposite, but their defences were still weak. The strategic importance of Mount Sceberras was to become all too evident during the Great Siege.

Valletta had been planned before the siege. But the plans could only be executed once a grateful Christendom had lavished riches on the Knights for their defeat of Suleiman. Pope Pius V and King Philip of Spain gave financial aid and loaned the services of an outstanding military engineer, the Italian, Francesco Laparelli.

The magnificent fortress city grew on the arid rock of Mount Sceberras peninsula, which rises steeply from two deep harbours, Marsamxett and Grand Harbour. Started in 1566, Valletta was completed, with its impressive bastions, forts and cathedral, in the astonishingly short time of 15 years.

By the turn of the 16th century, Valletta was a sizeable city. People from across the Islands came to live within the safety of its bastions.

Valletta was soon pre-eminent in the life of the Order and the Islands. However, the Three Cities, across the harbour, the first home to the Knights, retained economic importance because of their docks. Mdina, the old medieval capital, all but lost its role and became a backwater. It remained home to the Maltese nobility, descendents of the Sicilian and Spanish overlords.

World War II brought havoc to Malta. Valletta was badly destroyed by bombardment, but the city managed to withstand the war with many of its treasures, such as the Knights' masterpiece, St John's Cathedral, intact.

Today Valletta has a smaller population than before the war, but it is a bustling place as the Islands' main business centre and the seat of government