The Malta Developers Association (MDA) welcomes another successful month for the property industry, proving that the MDA’s proposals, implemented by the government, in its Covid-19 mini-budget, are resulting to be a tangible economic booster for the economy.
Preliminary data shows that August 2020 has been the best month when compared to similar months in the past four years, with more than 1,300 promises of sales finalised and registered with the authorities, with a combined value of over €300 million.
This is the second month in a row which has seen a staggering increase in the number of registered promises of sale since the introduction of the MDA proposals and proves, once again, that the property industry is one of the most resilient economic activities despite the overall economic downturn due to the pandemic.
Welcoming the positive results, the MDA notes that, like what happened when other incentives were introduced in the past years, its timely and measured Covid-19 proposals have boosted confidence in the market, resulting in impressive growth.
While this means thatthe market is recognising the value of investing in property as one of the soundest future-proof investments, the MDA calls onto the government to make sure that more proposals suggested by the MDA are introduced in the next Budget.
The MDA is confident that through its continued efforts and dialogue with the authorities, measures will be implemented to incentivise further the property market and help towards a full economic recovery in the shortest time possible.
