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

Minister promises sustainable revival of the property market

Economic Development Minister Chris Cardona promised measures for a sustainable revival of the real estate sector when he met the Malta Developers’ Association this morning.

He said the government was committed to the Labour election promises. These included the extension of the period during which sellers would have the option of choosing whether to pay capital gains tax or the 12% sales tax. The PL had also promised to reduce stamp duty on purchases by first-time buyers and the removal of the 5% tax on the transfer of the first residential property acquired by inheritance or donation from the parents.

The government is also planning an optional 15% flat tax rate on income from the hire of residential properties.

Dr Cardona said the system where government architects are sent to make valuations after a property is sold will be discontinued, ending the situation where people face high bills months after properties change hands.

Improvements are also being planned for the permanent residents’ scheme.

Association president Michael Falzon welcomed the plans, noting that many of the proposals had been made by the association itself.

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