ROCS profile

Our History

Set up in the early 1970s by Mr Charles Vella, the Charichel apartments were considered to be a white elephant in the centre of Mellieha. Mr Vella had just returned to Malta from Australia. He immediately started applying his knowledge in property development and the tourism industry to the local economy. His ultimate aimwas always backed by his rigid belief in sustainable development and his commitment towards his country. With this is mind Mr. Vella invested heavily in the construction of Charichel apartments. These apartments were some of the first to be built in the northern part of Malta and their concept proved to be extremely successful. Today the village of Mellieha is considered to be one of the few localities with a sustainable tourism industry which is backed by growing hospitality facilities which are second to none. The Company is continually investing in new property opportunities. The property sector in Malta is extremely strong. The long term profitability of property assets held in Malta is almost guaranteed because of two key facts. Firstly, you have the country’s geographic status as an island! Simply put, the amount of property available in Malta is restricted because of the physical size and infrastructure limits of the island. Secondly, Malta is universally attractive to holiday makers, retirees and those looking for a place in the sun, so both the demand for property for sale and rent in Malta actually rises annually. The annual increase in demand and the physical restriction of the amount of available property in Malta creates the ultimate investment hotspot for an international real estate investor. Property price gains have averaged around eight percent in Malta until the last couple of years when price gains have averaged a strong fifteen percent annually.