Property Maintenance

On today's Times of Malta 10th. May 2006, veteran realtor Frank Salt weighs in on the lack of property maintenance procedures in maltese apartment blocks. The article under the heading "Deteriorating in front of our eyes" can be read in full here (will be archived by the newspaper in a month from today), and an excerpt from the article follows below.

"Maintaining a block of apartments is not like maintaining your own house as there are others to consult and consider, and each individual owner has to pay their fair share. At present, the normal annual maintenance fee for even a good quality block of apartments is usually quite low, never taking into consideration the eventual need to spend large amounts of money on structural maintenance.
In places like London, there are rules imposed by local councils, that blocks of apartments and houses have to be painted and maintained on the outside and the inside every so many years. This is why in the better areas the properties are always looking smart and well presented and, therefore, maintain and even increase their market value."

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