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

NEW THRESHOLDS TO ATTRACT PERMANENT RESIDENTS TOO HIGH

The Malta Developers Association notes that the new government conditions for permanent residents are considered by many developers as imposing financial thresholds that are too high. The MDA understands the genuine motivation behind government’s decision, even though some of its members may be adversely affected.

Contrary to popular perception, the financial thresholds and constraints in the new scheme do not apply to all foreigners who want to buy property in Malta but only to those who want to become permanent residents, a status that leads to heavy social burdens on the Maltese government. Foreigners buying property in Malta only need an AIP permit, which does not give the privileges of permanent residency.

Contrary to what has been capriciously claimed, the new parameters of the permanent residents scheme does not help to prop up property prices. Neither Government nor the MDA are in favour of property prices being artificially high, as had happened in the past, because this is economically unhealthy.

As a serious organisation, MDA is currently discussing with Government proposals for fiscal incentives indicated in the current economic situation, none of which involve amnesties or reducing taxes levied on developers’ profits.

Michael Falzon

President

Malta Developers Association

17 September, 2011

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