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Page 3 - மால்டா டெவலப்பர்கள் சங்கம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Road works might stop if solution to dumping of construction waste not found

Developers again call for enduring solution to dumping of construction waste

Malta s planning mayhem: What can be done?

Malta’s planning mayhem: What can be done? After George Vella’s social media foray on the uglification of Żejtun, JAMES DEBONO catches up with different stakeholders to ask them what can be done to save the day amid Malta’s planning mayhem 14 May 2021, 7:26am by James Debono “Anyone who suggests quick-fix solutions to resolve the crisis in the industry, particularly in relation to planning and building regulation, has not yet fully grasped the gravity of the situation” Faced with an apartment block proposed in his own neighbourhood, President George Vella called for a review of planning policies. His appeal came in the wake of increased frustration at an unstoppable building frenzy which has seen the PA approving more than 42,000 new dwellings since 2017 and unsightly developments springing up in every nook and cranny, breaking up the traditional skylines of towns and villages which had emerged intact during previous building booms.

Property sales hit all-time high in April, developers lobby says

The number of promises of sale carried out in April reached an all-time high of 1,796, the Malta Developers Association said on Tuesday.  The figures from April contrast starkly those from the same month last year, when the number of sales had plummeted to an all-time low, the developers lobby said in a statement.  According to data compiled by the MTA, the aggregate value of property totalled almost €400 million in April, as opposed to €84.5 million last year.  1430 of these promises of sales were for residential properties, which both goes to show that the demand is an ever-growing one even within this sector and that the amount of available property on the market is still keeping it within the buyers’ reach, the lobby said. 

Property sales hit new record as MDA calls for extension in tax incentives

Property sales hit new record as MDA calls for extension in tax incentives Government s stamp duty deductions scheme appears to be bearing fruit 11 May 2021, 8:37pm by Nicole Meilak As property sales reach another record high, the Malta Developers Association is calling on government to extend its stamp duty and property transfer tax deduction schemes. The MDA is pleased to note that the timely proposals it made to government last April, at the onset of the COVID-19 pandemic, for the reduction of both stamp duty as well as property transfer tax resulted in a record-breaking number of promises of sales for April 2021, the associated said in a statement.

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