tag:blogger.com,1999:blog-7149509Thu, 09 Feb 2012 18:23:17 +0000LegalSliemaBilateral AgreementBuilding RegulationsSocialMEPAHome Health CareResearchTourismArbitrationProperty MarketMRAGovernment InterventionProperty for saleVallettaBank of VallettaEnvironmentProperty PricesFederation of Estate Agents (FEA MALTA)Property TaxRedevelopmentLaunchCentral Bank of MaltaRent ReformEUMalta Developers AssociationProperty for rentBanif BankConsultation DocumentsFinancesMepa ReformBudget 2010Budget 2012An estate agent&#39;s personal perspective, articles, news &amp; discussion.http://maltaproperty.blogspot.com/noreply@blogger.com (Kenneth J. Borg)Blogger143125tag:blogger.com,1999:blog-7149509.post-6295064849490010278Thu, 19 Jan 2012 13:28:00 +00002012-01-19T14:28:03.161+01:00Property MarketProperty for saleMEPAProperty PricesProperty for rentMEPA approves nine-storey tower block and two 14-storey residential blocks consisting of 102 apartments and catering outlets at ground floor. The Malta Environment and Planning Authority has approved the construction for MIDI's Tigné Point's T-14 tower block, and two 14-storey residential blocks, comprising just over 100 apartments. The decision was taken at a public hearing, where objections http://feedproxy.google.com/~r/blogspot/oQXlV/~3/jM5v9aGF6Vs/mepa-gives-go-ahead-for-midi-nine.htmlnoreply@blogger.com (Kenneth J. Borg)0<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/jM5v9aGF6Vs" height="1" width="1"/>http://maltaproperty.blogspot.com/2012/01/mepa-gives-go-ahead-for-midi-nine.htmltag:blogger.com,1999:blog-7149509.post-8535645080187367210Thu, 19 Jan 2012 13:19:00 +00002012-01-19T14:19:53.103+01:00Property MarketProperty for saleGovernment InterventionSocialProperty for rentThe government this morning announced a new scheme which will enable tenants to redeem temporary emphyteusis in residential properties administered by the Joint Office and the Lands Department. Government properties minister Jason Azzopardi said this would benefit hundreds of households, who would finally be able to become owners of their homes. He said the new scheme opens on February 20 and http://feedproxy.google.com/~r/blogspot/oQXlV/~3/N1dWQxgrgXw/malta-government-new-temporary.htmlnoreply@blogger.com (Kenneth J. Borg)0<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/N1dWQxgrgXw" height="1" width="1"/>http://maltaproperty.blogspot.com/2012/01/malta-government-new-temporary.htmltag:blogger.com,1999:blog-7149509.post-8274596676805404288Wed, 21 Dec 2011 01:46:00 +00002011-12-21T02:46:29.060+01:00Property MarketConsultation DocumentsResearchProperty PricesA sample survey carried out among construction enterprises showed that employment went down by 2.5 per cent, wages and salaries decreased by 2.7 per cent and hours worked declined by 5.7 per cent when compared to the third quarter last year. Date Published: 20-Dec-2011 Reference: 242/2011 View report here. Source: NSOhttp://feedproxy.google.com/~r/blogspot/oQXlV/~3/MiRC9CQ8YVw/short-term-construction-indicators.htmlnoreply@blogger.com (Kenneth J. Borg)0<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/MiRC9CQ8YVw" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/12/short-term-construction-indicators.htmltag:blogger.com,1999:blog-7149509.post-5585282404936646832Mon, 19 Dec 2011 11:29:00 +00002011-12-19T12:29:23.776+01:00Government InterventionProperty PricesProperty for rentThe Housing Authority has launched a new rental scheme through which property owners can rent their premises to the authority that will then sublease it to tenants at subsidised rates. Property owners will benefit from a reduced tax rate of five percent on their guaranteed rental income and will enter a contract with the authority for a minimum of 10 years, said Housing Authority Chairman Charleshttp://feedproxy.google.com/~r/blogspot/oQXlV/~3/vwmGiX1GlG4/malta-housing-authority-seeks-property.htmlnoreply@blogger.com (Kenneth J. Borg)0<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/vwmGiX1GlG4" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/12/malta-housing-authority-seeks-property.htmltag:blogger.com,1999:blog-7149509.post-667295463529659477Tue, 06 Dec 2011 17:26:00 +00002011-12-06T18:26:18.337+01:00EnvironmentResearchProperty PricesSocialA new draft environmental permits system has been drawn up by the Malta Environment and Planning Authority (MEPA) to improve the regulatory framework applicable to industrial activities of environmental significance. The Authority said the proposed system will improve the protection of the environment, while offering several advantages to industry, such as legal certainty, clearer definition of http://feedproxy.google.com/~r/blogspot/oQXlV/~3/bYSCIj3aPZg/new-environment-permits-system.htmlnoreply@blogger.com (Kenneth J. Borg)0<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/bYSCIj3aPZg" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/12/new-environment-permits-system.htmltag:blogger.com,1999:blog-7149509.post-870930649078235435Fri, 25 Nov 2011 10:21:00 +00002011-11-25T11:22:25.780+01:00LegalProperty MarketResearchBilateral AgreementA tax information exchange agreement has been signed between Malta and Bermuda. Bermuda’s Ministry of Finance said the agreement was signed in London by Maltese High Commissioner Joseph Zammit Tabona and by Premier Paula Cox J.P. for Bermuda. The TIEA provides for a full exchange of information between the two countries on tax matters. Premier Cox said this was a further demonstration of http://feedproxy.google.com/~r/blogspot/oQXlV/~3/mcqmFOblNEc/malta-bermuda-tax-agreement.htmlnoreply@blogger.com (Kenneth J. Borg)0<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/mcqmFOblNEc" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/11/malta-bermuda-tax-agreement.htmltag:blogger.com,1999:blog-7149509.post-4709056675387171796Tue, 15 Nov 2011 21:14:00 +00002011-11-15T22:14:10.279+01:00Property TaxProperty for saleBudget 2012RedevelopmentProperty PricesProperty for rentBudget 2012  Housing Highlights Full report available from KPMG in pdf file format here. In order to promote the regeneration of urban zones, a number of incentives are being introduced with respect to the acquisition, restoration and conservation of scheduled buildings in Grades 1 and 2 and properties in Urban Conservation Areas (UCAs): 1. Property transferred between heirs is exempt from http://feedproxy.google.com/~r/blogspot/oQXlV/~3/argT46I7Wso/malta-budget-2012-property-sales.htmlnoreply@blogger.com (Kenneth J. Borg)1<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/argT46I7Wso" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/11/malta-budget-2012-property-sales.htmltag:blogger.com,1999:blog-7149509.post-913788364695552580Wed, 09 Nov 2011 13:01:00 +00002011-11-09T14:01:04.429+01:00Property TaxResearchProperty PricesOverseas property owners based in the UK are about to be targeted by a new HM Revenue & Customs "affluent unit", which has been set up by the British government to address what it sees as tax avoidance by the rich. A new team of 200 taxation investigators and specialists has been established by HMRC to identify wealthy individuals who, amongst other things, own land and property abroad … such ashttp://feedproxy.google.com/~r/blogspot/oQXlV/~3/9uhvtt3gnEA/uk-tax-axe-falls-on-overseas-property.htmlnoreply@blogger.com (Kenneth J. Borg)0<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/9uhvtt3gnEA" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/11/uk-tax-axe-falls-on-overseas-property.htmltag:blogger.com,1999:blog-7149509.post-9057230377818659860Tue, 08 Nov 2011 10:20:00 +00002011-11-08T11:20:37.076+01:00Hong Kong and Malta have signed a double taxation avoidance agreement and the prevention of fiscal evasion. The agreement was signed today by Professor K C Chan, representing Hong Kong, and ambassador Joseph Cassar....... "The CDTA clearly sets out the allocation of taxing rights between the two jurisdictions and the relief on tax rates on different types of passive income, thus helping http://feedproxy.google.com/~r/blogspot/oQXlV/~3/XB78S6l7CXU/hong-kong-and-malta-sign-tax-treaty.htmlnoreply@blogger.com (Kenneth J. Borg)1<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/XB78S6l7CXU" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/11/hong-kong-and-malta-sign-tax-treaty.htmltag:blogger.com,1999:blog-7149509.post-7223264227309174042Thu, 03 Nov 2011 08:30:00 +00002011-11-03T09:30:22.592+01:00EnvironmentSliemaProperty MarketProperty for saleResearchProperty PricesProperty for rentPlans to build a high-rise tower at Tigné Point have been scrapped, The Times can reveal. Instead, the tower, which was proposed by real estate developer Midi and opposed by Sliema residents, will be replaced by open landscaped space. The consortium, which owns the multimillion euro project in Sliema, has withdrawn its planning application to amend the Tigné north master plan. Sliema residents http://feedproxy.google.com/~r/blogspot/oQXlV/~3/M1BX6WXwXRw/tigne-point-highrise-tower-planning.htmlnoreply@blogger.com (Kenneth J. Borg)0<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/M1BX6WXwXRw" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/11/tigne-point-highrise-tower-planning.htmltag:blogger.com,1999:blog-7149509.post-2099665665319828334Sat, 22 Oct 2011 09:56:00 +00002011-10-22T11:56:12.416+02:00Property TaxSliemaProperty MarketFederation of Estate Agents (FEA MALTA)Rent ReformProperty PricesProperty for rent20th October 2011 Circular to members Further to a meeting with the Quality Assurance Department of the Malta Tourism Authority (MTA) it was brought to our attention that, according to Section 13 of the Tourism Operations (General) Regulations of the 31st May 2002 as amended (Subsidiary Legislation 409.08), all advertised holiday rental properties have to feature the MTA licence number. 13. (http://feedproxy.google.com/~r/blogspot/oQXlV/~3/1DBwMdhyXKY/18th-november-deadline-for.htmlnoreply@blogger.com (Kenneth J. Borg)0<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/1DBwMdhyXKY" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/10/18th-november-deadline-for.htmltag:blogger.com,1999:blog-7149509.post-6251822384200001042Thu, 15 Sep 2011 11:29:00 +00002011-09-15T13:29:34.017+02:00Property TaxProperty MarketProperty for saleResearchEUFinancesProperty PricesProperty for rentEU nationals must spend a minimum of €400,000 on the property or €20,000 a year in rent. Malta Finance Minister Tonio Fenech this morning launched the long awaited replacement to the Malta permanent residence scheme which was suspended earlier this year 2011. The new "High Networth Individuals Scheme" is designed to dissuade people from coming to Malta and buying a property without contributing http://feedproxy.google.com/~r/blogspot/oQXlV/~3/aU3urk-xG9A/malta-finance-minister-in-high-networth.htmlnoreply@blogger.com (Kenneth J. Borg)0<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/aU3urk-xG9A" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/09/malta-finance-minister-in-high-networth.htmltag:blogger.com,1999:blog-7149509.post-4943380015226740030Wed, 17 Aug 2011 11:14:00 +00002011-08-17T13:22:32.398+02:00Property TaxProperty MarketResearchTourismProperty for rentWednesday, August 17, 2011 by Simon Busuttil MEP Renting property to foreigners Carmel Farrugia writes: A foreign resident who is a citizen of an EU country and is living and working in Malta as his principal place of residence is still considered as a tourist for the purposes of renting property in Malta. As such, he is required to pay VAT on accommodation. I feel that he should not and http://feedproxy.google.com/~r/blogspot/oQXlV/~3/uXCnyxOTjtg/vat-on-malta-accommodation-to.htmlnoreply@blogger.com (Kenneth J. Borg)0<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/uXCnyxOTjtg" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/08/vat-on-malta-accommodation-to.htmltag:blogger.com,1999:blog-7149509.post-5434225724193750534Wed, 06 Jul 2011 13:02:00 +00002011-07-06T15:05:44.820+02:00LegalProperty MarketProperty for saleResearchProperty PricesProperty for rentParliamentary Secretary Chris Said announced earlier this morning, the imminent launch of new regulations to govern home loan agreements here in Malta. He declared that the aim was to give consumers the highest level of protection possible when taking one of life's most important and costly decisions, to secure a property loan. The new regulations although in line with a proposed European Union http://feedproxy.google.com/~r/blogspot/oQXlV/~3/MFdOZgpAGhQ/malta-authority-to-issue-new-home-loan.htmlnoreply@blogger.com (Kenneth J. Borg)0<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/MFdOZgpAGhQ" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/07/malta-authority-to-issue-new-home-loan.htmltag:blogger.com,1999:blog-7149509.post-1151516480287695583Fri, 24 Jun 2011 15:54:00 +00002011-06-24T17:54:39.314+02:00Property MarketProperty for saleResearchProperty PricesCentral Bank of MaltaProperty for rentBank of VallettaThe Central Bank of Malta has released today June 24, 2011, its third Financial Stability Report for 2010. The cut-off point for data collected is March 11, 2011, unless otherwise indicated.http://feedproxy.google.com/~r/blogspot/oQXlV/~3/8CZvabDy31k/central-bank-of-malta-financal.htmlnoreply@blogger.com (Kenneth J. Borg)0<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/8CZvabDy31k" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/06/central-bank-of-malta-financal.htmltag:blogger.com,1999:blog-7149509.post-5774985127799790166Thu, 16 Jun 2011 23:55:00 +00002011-06-17T01:55:22.981+02:00Property TaxLegalSliemaProperty for saleResearchTourismProperty PricesVallettaEarlier this evening June 16, Malta Finance Minister Tonio Fenech announces in parliament, a raft of new schemes to replace the recently suspended Permanent Residents Scheme (PRS). Follow this article link for further coverage by The Times of Malta online.http://feedproxy.google.com/~r/blogspot/oQXlV/~3/5HJ-OPqMcIE/new-malta-permanent-residence-schemes.htmlnoreply@blogger.com (Kenneth J. Borg)0<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/5HJ-OPqMcIE" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/06/new-malta-permanent-residence-schemes.htmltag:blogger.com,1999:blog-7149509.post-1955597342749007694Mon, 06 Jun 2011 11:37:00 +00002011-06-06T13:39:36.032+02:00LegalProperty MarketEURestrictions to a notarial profession here in Malta, currently rendering it exclusive to Maltese nationals, is set to change following a recent ECJ (European Court of Justice) ruling, and subsequent press release on May 24, 2011. Infringement procedures against Malta were commenced by Brussels back in 2006, citing a breach of establishment rules due to such restrictions, however the commission http://feedproxy.google.com/~r/blogspot/oQXlV/~3/qSm_LoZkiBE/fundamental-changes-for-malta-notaries.htmlnoreply@blogger.com (Kenneth J. Borg)0<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/qSm_LoZkiBE" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/06/fundamental-changes-for-malta-notaries.htmltag:blogger.com,1999:blog-7149509.post-1518660758420345162Wed, 27 Apr 2011 18:09:00 +00002011-04-27T20:09:30.562+02:00Property TaxProperty MarketResearchProperty PricesChamber of Advocates calls for consultation on new rules to end prolonged suspension of permanent residency scheme. The Chamber of Advocates has expressed concern at the lack of government consultation on the suspension of the residence scheme regulations, previously brought to public attention by the Chamber of Commerce. The rules facilitate the entry and indefinite stay of foreigners to Maltahttp://feedproxy.google.com/~r/blogspot/oQXlV/~3/FJMAria2UQk/lawyers-urge-consultation-on-excessive.htmlnoreply@blogger.com (Kenneth J. Borg)2<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/FJMAria2UQk" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/04/lawyers-urge-consultation-on-excessive.htmltag:blogger.com,1999:blog-7149509.post-2925044451790260365Sun, 24 Apr 2011 18:53:00 +00002011-04-24T21:00:48.487+02:00Property MarketResearchProperty PricesHere's an excellent short article from zillow.com about increasing the value of your property for sale. Understand first of all that there IS a difference between price and value. Price is the amount you are asking for the property. Value is buyer perceived, and this perception of value is influenced by many factors such as location, features, condition, comparison to other purchase option, etchttp://feedproxy.google.com/~r/blogspot/oQXlV/~3/Y-bIw6ahSoQ/how-to-increase-sale-value-of-your.htmlnoreply@blogger.com (Kenneth J. Borg)2<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/Y-bIw6ahSoQ" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/04/how-to-increase-sale-value-of-your.htmltag:blogger.com,1999:blog-7149509.post-8926899835425638362Tue, 19 Apr 2011 13:11:00 +00002011-04-19T15:11:55.616+02:00Property TaxProperty MarketProperty for saleResearchProperty PricesProperty for rentTuesday, April 19, 2011, by John Hollamby, St Julians Lack of meaningful statistics on property There is a huge investment in property development, house and apartment ownership, mortgage investment etc. in Malta. It follows therefore that there should be first-class analysis of trends in values, numbers of transactions and other important matters such as the number of vacant properties forminghttp://feedproxy.google.com/~r/blogspot/oQXlV/~3/jEN2VrIaQ-w/lack-of-meaningful-statistics-on.htmlnoreply@blogger.com (Kenneth J. Borg)2<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/jEN2VrIaQ-w" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/04/lack-of-meaningful-statistics-on.htmltag:blogger.com,1999:blog-7149509.post-6508771168685039036Mon, 18 Apr 2011 19:09:00 +00002011-04-19T15:03:34.881+02:00 LinkedInI'd like to add you to my professional network on LinkedIn. Kenneth J. Borg Managing Director www.62582.com Malta Confirm that you know Kenneth J. © 2011, LinkedIn Corporation http://feedproxy.google.com/~r/blogspot/oQXlV/~3/3md8lFLZD38/kenneth-j-borg-wants-to-stay-in-touch.htmlnoreply@blogger.com (Kenneth J. Borg)0<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/3md8lFLZD38" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/04/kenneth-j-borg-wants-to-stay-in-touch.htmltag:blogger.com,1999:blog-7149509.post-7037542449678281050Sat, 16 Apr 2011 17:01:00 +00002011-04-16T19:01:06.155+02:00LegalProperty MarketProperty for saleProperty PricesProperty for rentA revised permanent residency scheme must ensure high-value people attracted to Malta contribute to the country’s economy rather than strain it, Finance Minister Tonio Fenech said yesterday. The new scheme, intended to replace the one suspended in December, must strike a balance between the payback for the country and the strain caused by the benefits people taking up such a scheme were offered, http://feedproxy.google.com/~r/blogspot/oQXlV/~3/aLbSz5PqUk4/residency-scheme-must-not-strain.htmlnoreply@blogger.com (Kenneth J. Borg)0<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/aLbSz5PqUk4" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/04/residency-scheme-must-not-strain.htmltag:blogger.com,1999:blog-7149509.post-5063208397468320983Wed, 09 Feb 2011 01:00:00 +00002011-02-09T02:02:04.968+01:00LegalProperty for saleHolding up justice on sale of house Emanuel L. Vella, Ta’ Giorni Whoever was in any doubt that certain Maltese lawyers are indeed to blame for the inordinate delays in (and therefore denial of) justice is free to consider what follows. On March 25, 2010, a house was sold by judicial auction (sub asta) with proceeds of over €100,000. The successful bidder duly paid up the following week and all http://feedproxy.google.com/~r/blogspot/oQXlV/~3/ck7be-Igx4c/holding-up-justice-on-sale-of-house.htmlnoreply@blogger.com (Kenneth J. Borg)2<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/ck7be-Igx4c" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/02/holding-up-justice-on-sale-of-house.htmltag:blogger.com,1999:blog-7149509.post-1876838816365793265Fri, 28 Jan 2011 00:03:00 +00002011-01-28T01:03:15.581+01:00Property MarketProperty for saleResearchProperty PricesProperty for rentLeġislatura XI Kategorija ORAL Mistoqsija Numru: 22776 Data: 14/01/2011 Seduta: 306 - 26/01/2011 06:00 PM Seduta Interim: Titlu: statistika mill-NSO rigward prezzijiet tal-proprjetà L-Onorevoli ĊENSU GALEA staqsa lill-Onorevoli TONIO FENECH (Ministru tal-Finanzi, l-Ekonomija u Investiment): Billi skont rapporti fil-media qed jingħad li l-NSO ħarġet statistika li turi li matul l-aħħar 12-il http://feedproxy.google.com/~r/blogspot/oQXlV/~3/mQ-EsNuJGYg/pq-22776-statistika-mill-nso-rigward.htmlnoreply@blogger.com (Kenneth J. Borg)0<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/mQ-EsNuJGYg" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/01/pq-22776-statistika-mill-nso-rigward.htmltag:blogger.com,1999:blog-7149509.post-1429455083603502064Wed, 26 Jan 2011 20:36:00 +00002011-01-26T21:36:20.099+01:00Property MarketProperty for saleResearchMepa ReformProperty PricesProperty for rentLeġislatura XI Kategorija ORAL Mistoqsija Numru: 20356 Data: 18/10/2010 Seduta: 266 - 25/10/2010 06:00 PM Seduta Interim: 305 25/01/2011 06:00 PM Titlu: Awtorità ta' Malta dwar l-Ambjent u l-Ippjanar - ammont pendenti ta' applikazzjonijiet L-Onorevoli RODERICK GALDES staqsa lill-Onorevoli LAWRENCE GONZI (Prim Ministru): Jista' l-Prim Ministru jgħid kemm huwa l-ammont pendenti ta' http://feedproxy.google.com/~r/blogspot/oQXlV/~3/78eJyEZdcVI/pqs-pending-planning-applications-with.htmlnoreply@blogger.com (Kenneth J. Borg)0<img src="http://feeds.feedburner.com/~r/blogspot/oQXlV/~4/78eJyEZdcVI" height="1" width="1"/>http://maltaproperty.blogspot.com/2011/01/pqs-pending-planning-applications-with.html