The Revised Property Sales Tax: Catalyst For Market Growth?

Vodafone Malta and Radisson SAS Bay Point Hotel have sponsored a series of economic fora organized by The Malta Economic Update magazine. On March 17th., the first forum will focus on the revised property sales tax.

Charles Mangion, opposition spokesman on finance and economic affairs, and Chris Grech, from Dhalia estate organisation, confirmed they will be speaking at the forum, the organisers said. Tonio Fenech, Parliamentary Secretary for Finance, will be guest speaker.

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Malta Housing Authority properties out for sale

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Meanwhile, The Times of Malta is reporting the expected average price for a 3 bedroom apartment to be €83,000 while a 3 bedroom maisonette will fetch in the region of €92,000. There is no specification as to whether these prices are for the shell form, advanced shell, or finished product.
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The Housing Authority is extending the closing date for applications for the sale of government apartments and maisonettes up to June 11.
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Increase in construction activity to result in vast quantities of construction-waste which would increase pressure to use this material for land reclamation projects which will only be viable if more apartments are built on reclaimed sea.























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