News

PropertyMalta Foundation holds national conference

Sunday, December 3rd, 2017

Malta Developers Association (MDA) President Sandro Chetcuti, in his capacity as Chairman of the PropertyMalta Foundation, appealed to those attended the National Conference – Analysis of the Property and Construction Industry, last Thursday to come forward with ideas on how to improve the Malta property product.

“We can learn by combining our knowhow and work more professionally,” he said. Apart from taking part in its first international property fair in Cannes, France, last month, the PropertyMalta Foundation intends to launch an on-line campaign to reach different audiences. Read more »

National Conference : Analysis of the Property & Construction Industry

Tuesday, November 14th, 2017

National Conference : Analysis of the Property & Construction Industry

Thursday 30th November 2017
Grand Hotel Excelsior, Valletta
Registration at 8.15am.
Lunch will be served at the end of the conference at 12.30pm.

The recent KPMG Property & Construction Industry Study commissioned by the Malta Developers Association will be published and discussed during the conference. A copy of the document will be given to all participants.

Hon. Ian Borg, Hon. Chris Agius and Hon. Edward Scicluna will also be addressing the conference.

Conference fee : Eur70
(includes coffee breaks & lunch)
FREE OF CHARGE FOR MDA MEMBERS

The conference will be addressed in Maltese.

 

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older news

Developers, estate agents warn of slowdown, layoffs

Developers and estate agents warned today that further economic uncertainty may result in substantial layoffs in the industry and a slowdown which will also impact the banks.

In a joint statement, the Malta Developers Association (MDA), the Federation of Building and Civil Engineering Contractors (FOBC) and the Federation of Estate Agents (FEA) said the current situation of economic uncertainty was a source of concern and may cause the already ‘precarious’ situation of the property market to deteriorate further.

“Although it has emerged that so far the employment figures are satisfactory, the three associations fear that if the economic uncertainty continues to persist, the situation in the construction sector will continue to deteriorate, resulting in a slowing of the rhythm of this major motor of the economy in our country and considerable job losses in the sector, to the extent that it will not be possible for the unemployed to be absorbed in other sectors of the economy, as has happened so far,” the associations said.

“Apart from that, the slowdown in the activity in the property market can have a negative impact on the financial institutions, to the extent that the banks have already complained that requests for house loans have reduced drastically.”

They said that a lot of work could be done to modernise existing buildings, but people were not taking such decisions because of the current situation of uncertainty.

The three associations also insisted their their sector should be represented on the Malta Council for Economic and Social Development (MCESD) because of its importance for the economy.

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