News

Hon. Silvio Parnis meets the MDA Council

Thursday, January 18th, 2018

As part of the current consultations regarding the Local Council and LESA Reform, a delegation of officials headed by Hon. Silvio Parnis met with the Malta Developers Association Council. Various matters concerning the construction industry were discussed.

 

MDA Football Team wins Dar tal-Providenza Tournament

Tuesday, January 2nd, 2018

The Malta Developers Association football team participated in the yearly football tournament between the constituted bodies in aid of Dar tal-Providenza. We won the tournament for the third consecutive year, thus ending the year with another success !

older news

MDA welcomes Budget

The Malta Developers Association welcomes the 2018 Budget that confirms that Government’s policies are aimed at sustainable economic and fiscal continuity.

The Budget measures announced will continue to incentivise investment in the property market and make it affordable in areas where regeneration and rehabilitation are sorely needed.

MDA is both satisfied and proud that the Government has accepted several of its proposals including:

  • The extension of the scheme for first time buyers;
  • New incentives for second time buyers who have arrived at a point in life when they need to enlarge or reduce the size of their residence;
  • The grant of a maximum of €25,000 to owners of dilapidated property to enable them to restore the property and rent it to the Housing Authority;
  • The extension of the reduction in stamp duty for the purchase of property in Gozo; and
  • Incentives for the regeneration of property in Urban Conservation Areas.

MDA is of the opinion that the Budget is aimed at helping the ever-increasing middle class while incentivising those who are industrious and enterprising. These are aims that MDA supports wholeheartedly.

10 October 2017

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