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First Time Buyers Were 21% Of 2022 Residential Property Buyers

First Time Buyers Were 21% Of 2022 Residential Property Buyers
Feb 22 2024 Share

According to the Foundation for Affordable Housing, 21% of 2022’s residential property purchases were first time buyers. 

This suggests that a significant portion of the population is actively entering the market, indicating strong demand for accommodation, reflecting the aspirations and challenges faced by those seeking residence, the foundation said. 

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However, the Foundation emphasizes the need to continue working to increase access to homeownership in our country. 

This percentage, while indicating that many Maltese have enough assets to invest in more than one property, also shows the need for a strong rental market with unprecedented levels. Therefore, there will be an increase in properties available for rent, which are not typically targeted towards first-time buyers. 

This new reality, where rental properties are increasing to meet strong demand, will inevitably lead to a lower percentage of tenants buying for the first time when compared to the total number of property purchases. 

Until this new demand normalizes and the market stabilizes and adjusts to modern realities, it is critical to implement measures that increase accessibility and inclusivity in the property market, particularly for those looking to become homeowners for the first time. 

This situation highlights the importance of widespread and coordinated strategies to ensure that every segment of society can benefit from the available opportunities.

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THRED Media Founder Jenk Oz Coming To Malta

THRED Media Founder Jenk Oz Coming To Malta
Feb 22 2024 Share

British entrepreneur and Thred Media Visionary Jenk Oz is making his way to Malta for this year’s Business Leaders Malta Conference. 

 

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A paragon of socail entrepreneurship and youthful dynamism, ‘his enterprise breathes new life into the discourse on youth culture, leveraging the power of media for social transformation. Thred Media, under his stewardship, has become a beacon for Generation Z, championing youth-led movements with a global impact.’

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Jenk’s eloquence has graced the stage of over 85 international conferences, including the distinguished Model United Nations and the Oxford Global Summit for Young Leaders. His TEDx Talks – ‘Ideas Ink.’, ‘Breaking the Pattern’, and ‘Can a “Like” Change the World?’ – have resonated profoundly, addressing the pivotal role of Generation Z in shaping a sustainable future. 

At the “Mind the Gap” conference, Jenk Oz will offer a window into the pulse of Generation Z, weaving a narrative that connects the tapestry of generations through the art of storytelling and innovation. His keynote will not only spotlight the potential of the youngest generation but will also serve as a clarion call for intergenerational collaboration in the relentless pursuit of progress.

This event, hosted by @businessleaders_mlt Malta in collaboration with Malta Daily, aims to bridge generational divides within the professional sphere and beyond, offering insights and strategies for effective cross-generational communication. 

The conference, scheduled for the 15th of March, 2024, at the Mediterranean Conference Centre, promises to be a landmark event, bringing together a panel of distinguished experts to share their knowledge and experience. 

Get your tickets here. 

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Emma Muscat Wows At Milan Fashion Week

Emma Muscat Wows At Milan Fashion Week
Feb 22 2024 Share

The Milano Fashion Week Autumn/Winter 2024/25 has once again captured the attention of fashionistas and stylist for this new edition – and one particular local talent has turned eyes towards herself. 

 

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Singer and songwriter Emma Muscat has been showing off outfit after outfit whilst at the Fashion Week, with each new one more notable than the last. 

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With designers, fashion brands and artisans celebrating quality, beauty and tradition during this year’s edition, Emma stuck out with looks curated by Iceberg, Floriana Cipriani and other big names in the game. 

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Pastizzi Delivered To Liquid Club Mid-Party

Pastizzi Delivered To Liquid Club Mid-Party
Feb 22 2024 Share

As the techno music raged on, a WOLT delivery person arrived on the scene of a party to make a pastizzi delivery for one of the partygoers during the early hours of the day. 

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😂

♬ original sound – Hardbass & Techno 🇲🇹

The video, uploaded by basstek.malta on TikTok, shows the bizarre moment the delivery person enters the club with his iconic bag to satisfy the cravings of someone in the club. 

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The delivery was of course quite the sight to see, prompting some of those in the club to shine a light (literally) on the occurrence. 

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