Just north of Valletta and San Gwann lies the stunning coastal resort of Saint Julians, which over the years has earned a global reputation for serving up hot and heavy tourist-oriented thrills. With a local economy based primarily around tourism, the whole area has been taken over by hotels, restaurants, bars, nightclubs and other big-brand holiday staples. In terms of investment opportunities, most there set their sights on short to mid-term holiday rentals where yields can beabove average. There's also a thriving expat community and plenty of demand for holiday homes.