A very important article on The Times of Malta today 16th. March 2006.
"The MFSA is preparing a report which will include suggestions to help the government decide whether, and how, it could take measures regarding bank loans for property purchase, the Prime Minister told Jason Azzopardi (PN) in reply to a parliamentary question yesterday..."
and ending with:
"....including whether there was a need for regulations laying down that conditions governing property loans should be more restrictive."
The full article can be read by clicking here.
I wonder if we're looking at an introduction of buy-to-let loans, and the implementation of rental restrictions on normal house loans. Perhaps we'll also see more stringent regulations on issuing normal loans thus making the property letting market more attractive to maltese.
Time will tell.
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