Are Maltese properties becoming too expensive?

Apr 12 2023

Malta’s property market saw a decrease in the number of final deeds of sale relating to residential property in March 2023, according to data from the National Statistics Office. The number of final deeds of sale amounted to 1,036, which is 154 deeds less than what was registered a year earlier.

However, there was a positive note as the number of promise of sale agreements relating to residential property saw an increase in March 2023. A total of 1,172 agreements were registered, which is 59 agreements more than the same period last year.

The decrease in final deeds of sale could be attributed to the impact of the COVID-19 pandemic on the property market. However despite the decrease in final deeds of sale, the increase in promise of sale agreements could indicate a growing interest in the property market. Promise of sale agreements are a common preliminary step taken by buyers and sellers before the final sale is completed.

The property market in Malta has been relatively stable in recent years, with a steady increase in property prices. According to a report by RE/MAX, the average price of a residential property in Malta increased by 6.7% in 2021, reaching €325,000. However, the impact of the pandemic on the economy and the property market is still uncertain, and it remains to be seen how the market will fare in the coming months.

Overall, the property market in Malta remains a lucrative investment opportunity for both local and foreign buyers. While the decrease in final deeds of sale may be cause for concern, the increase in promise of sale agreements indicates a growing interest in the market.

#MaltaDaily

Talented singer Kyran Bonello celebrates his 15th birthday

Apr 12 2023

Talented Singer Kyran Bonello Turned 15 yesterday.

Kyran Bonello, the winner of Malta’s Got Talent, celebrated a very special occasion yesterday, his 15th birthday. Born with a passion for music, Kyran has become one of the most promising young talents on the Maltese music scene.

Kyran first captured the nation’s hearts with his exceptional performance during his MGT audition, which ended with Sarah Zerafa’s Golden Buzzer. From then on, the young singer’s popularity skyrocketed, as he continued to deliver one amazing performance after another.

Just a few weeks ago, Kyran had the opportunity to meet Pope Francis, where he sang in front of the Holy Father. A moment that undoubtedly marked a significant milestone in his already impressive career.

Kyran has been gifted with an exceptional voice, and his performances have left audiences spellbound, showcasing his impressive talent.

As he celebrates his birthday today, Kyran’s fans and supporters will no doubt be eagerly waiting for the next opportunity to hear him sing. With his incredible voice and natural talent, there is no doubt that Kyran Bonello is a rising star who will continue to impress audiences for years to come.

We wish Kyran a very happy 15th birthday and continued success in all his future endeavours!

#MaltaDaily

MUMN suspends industrial actions

Apr 12 2023

The Union of Midwives and Nurses (MUMN) announced the suspension of all industrial actions it had ordered three weeks ago in the Mater Dei Hospital, the Gozo General Hospital, and the health centres. Everything should be back to normal from tomorrow morning.

The decision came after the MUMN stated that it will call an Extraordinary General Meeting for midwives and nurses to present to them the Sectoral Agreement given by the Government so that they themselves can decide if it is acceptable or not.

The decision to suspend industrial actions came a few hours after the Government asked again for the conciliation process with MUMN regarding the new collective agreement for nurses and midwives.

The Ministry stressed that it is asking that the industrial dispute and the actions linked to it be stopped, so that the patients are given all the care they deserve.

However, earlier today, the Maltese College of Obstetricians and Gynaecologists expressed serious concern about the industrial actions that began three weeks ago by the Union of Midwives and Nurses. The College stated that the industrial actions on patient care and safety are dangerous, and over 80 surgical procedures have been canceled in the gynaecology sector alone.

Most of these operations were scheduled to investigate symptoms that could indicate that the patient has cancer.

The MUMN has been protesting for improved working conditions and income for nurses and midwives.

#MaltaDaily

Drew Lang Takes on 24-Hour Marathon for Puttinu Cares In Memory of Dr Victor Calvagna

Apr 12 2023

Drew Lang, who had a long and successful running career and won close to 200 races professionally, is now renowned for running for charity. In 2021, he ran 30 marathons in 30 days to aid Puttinu Cares.

This year, Drew Lang is embracing a new challenge: running a 24-hour race in memory of Dr. Victor Calvagna to benefit Puttinu Cares. Lang will embark on this challenge on Friday, April 14th.

#MaltaDaily