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.

 

invite_MDA

older news

Government urged to take up MDA suggestions

The Malta Developers Association refers to the reaction of the Finance Minister regarding the concern expressed by the European Commission on the increase in problematic property loans and their impact on the Maltese banking sector.
MDA has been warning about the deterioration in this sector ever since it was set up in September 2010. While the Minister is correct in saying that our banks have been much more prudent than banks in other EU states, MDA feels that this does not mean that the problems pointed out by the European Commission do not exist.
Recently published statistics in which prices of property are gauged from the asking prices in advertisements appearing in the press are misleading and, in fact, contradict the statistics showing that the number of units being sold has substantially decreased.
MDA believes that the Government should look more positively at its suggestions to take steps that would lead to a resurgence of activity in the property market so that pressure by and on banks could be eased.
These steps should include a revision on the way property sales are taxed so that at any time vendors could opt to pay tax on their actual profit as part of their normal income tax; as well as the removal of barriers being faced by foreigners who buy property in Malta, such as the ban on foreigners to lease their property as holiday premises – thus excluding the possibility of foreigners buying property in Malta as an investment.

2 June, 2012
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