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People can only afford properties which cost 100K to 150K

People can only afford properties which cost 100K to 150K
Apr 20 2023 Share

PwC Malta is releasing the fourth edition of its property barometer which analyses the current local sentiment towards local real estate demand preferences. 

Carried out between 2022’s Quarter 4 and 2023’s Quarter 1 by means of an online survey, it targeted the total population residing on the Maltese islands and garnered 405 responses. 

According to the data, 42% were making plans to buy whereas 31% were making plans to rent. A total of 27% had no plans of buying or renting in the near future. 

21% were looking to buy (or could afford) properties between €100,000 and €150,000, followed by 20% looking for €171,000 to €200,000. 

‘Around half of the respondents stated that the reason they are looking to purchase property is because they are moving out of their parental home, hence being first-time buyers, with the share increasing significantly from previous periods (Q1 2023: 53%; Q1 2022: 34%)’ the survey suggests. 

This is contrasted by the share of respondents that would like to buy property for investment purposes has fallen. 

The property type of choice remains apartments and penthouses at 56%. The share of respondents looking to buy maisonettes increased while that of villas, bungalows, farmhouses and palazzos declined. 

Mosta ranked in first place as the most desired area for buying property with the lowest being Santa Luċija, Marsa and Valletta. 

Full data by PwC here and here.

#MaltaDaily 

Nepalese community in Malta celebrate on occasion of Nepali New Year 2080

Nepal Community Malta
Apr 20 2023 Share

The Nepal Malta Charity ORG hosted a range of activities in Valletta last Sunday to celebrate Nepal Day and promote their culture on the island. 

The celebrations saw Opposition Leader Bernard Grech visiting, along with Marco Cremona, the first Maltese to reach the summit of Mount Everest and Mark Galea Pace, who organised a clean up at Mount Everest’s base camp. 

Around 2,500 people gathered in Valletta to celebrate and dance together. Videos uploaded to TikTok shows many dancing together, with many donning traditional Nepalese clothing. 

‘The Program was organised with the motive to invite people from Different Nationalities to visit Nepal and feel the beauty of it to increase and promote Tourism in Nepal. To show that Nepal is a Country of different cultural and customs living in a one single roof with harmony and peace.’

#MaltaDaily 

Source: @sandeshkc29 TikTok

Food and drink prices skyrocket in March 2023 due to inflation

Food and drink prices skyrocket in March 2023 due to inflation
Apr 20 2023 Share

According to the recent Harmonised Index of Consumer Prices for March 2023, as reported by the National Statistics Office, the annual rate of inflation was 7.1% – increase from February’s 7.0%.

With a 12 month moving average rate for March standing at 6.8%, the largest upward impact on annual inflation was measured in the Food and non-alcoholic beverages index (with 2.30 more percentage points).

The inflation in the Food and Non-Alcoholic index was 12.9%, followed by Housing, Water, Electricity, Gas and Other Fuels at 9.5%. 

On the other hand, the lowest annual inflation rates were registered in Communication (1.3%) and Transport (2.7%).

The increase in the Food and Non-Alcoholic Beverages Index was mainly due to the higher prices of meat. The second and third largest impacts were measured in the Restaurants and Hotels Index (+0.98%) and the Housing, Water, Electricity, Gas and Other Fuels Index (+0.96 points).

#MaltaDaily

Get in gear for savings: Open week discounts on cars and motorbikes!

Apr 20 2023 Share

Whether you’re looking for a sleek and stylish city car, a spacious and practical SUV, or a trendy motorbike you’ll find it at Kind’s Auto Sales’ and BikeWorld’s Open Week Event.

 

Are you looking to upgrade your ride without breaking the bank?

Look no further than Kind’s Auto Sales’ and BikeWorld’sOpen Week event, between the 24th – 29th of April, where you can benefit from amazing discounts on a wide range of cars, electric scooters and petrol motorcycles.

Save up to 2,700 on Renault and Dacia models at Kind’s Auto Sales.

 

Rev Up Your Savings on Renault Models

Renault is known for producing high-quality cars that combine style, performance, and affordability.

With discounts available on many popular models, including the iconic Clio, the irresistible Captur, the stylish Arkana, the All-New Megane E-Tech 100% Electric, the compact ZOE E-Tech 100% electric and the Kangoo, you’re sure to find the perfect vehicle to suit your needs and budget.

 

The iconic Renault Clio

Known for its stylish design, practicality, and fuel efficiency, the Renault Clio is available in multiple trims, engine options, and features, making it a popular choice for all kinds of drivers.

 

The irresistible Renault Captur

A compact crossover SUV, known for its sporty design, spacious interior, and high driving position. The Renault Captur offers a range of engine options, including a hybrid version, and features advanced safety and infotainment technologies, making it a versatile and practical choice for urban and suburban driving.

 

 

The stylish Renault Arkana

The Renault Arkana is a compact crossover SUV that features a coupe-like design with a sloping roofline and a sporty appearance. It offers a spacious and comfortable interior, along with advanced safety and technology features.

 

The All-New Megane E-Tech 100% Electric

The All-New Megane E-Tech 100% Electric features a modern and sleek design, advanced technology, and an eco-friendly powertrain that produces zero emissions. This fully electric vehicle offers a battery range of up to 250km on a single charge, making it ideal for daily commutes and longer journeys.

 

The compact ZOE E-Tech 100% Electric

The Renault ZOE E-Tech 100% Electric is a compact electric car that is perfect for city driving, with a range of up to 380kmon a single charge. It is equipped with advanced features such as regenerative braking and an eco-driving mode, making it a practical and eco-friendly choice for urban driving.

 

 

The Refined and Efficient Kangoo

The Renault Kangoo range includes several different models, including the Kangoo Panel and Kangoo Crew. The Kangoomodels are also available as 100% electric options.

 

All Renault vehicles come with a 5 year Manufacturer Warranty (Parts & Labour), a 3 year Paint Warranty, a 12 year Anti-Corrosion Warranty and an 8 year (or 160,000km) Battery Warranty (applicable on electric vehicles).

Visit the Renault showroom at Mosta Road, Lija between the 24th and 29th of April to take advantage of the Renault open week offers.

 

Discover the Power of Affordability on Dacia models

Not only do Dacia cars come with a reputation for reliability and durability, but they also boast modern features and technology, making them a smart and practical choice for any driver.

With the discounts available during the Open Week event at Kind’s Auto Sales, you can score a fantastic deal on a brand new Dacia car that will serve you well for years to come.

 

The stylish Sandero

Known for its reliability, practicality, and low running costs,the Sandero is a budget-friendly compact car, making it a popular choice for city driving.

 

The robust and versatile Sandero Stepway

The Dacia Sandero Stepway is an off-road-inspired version of the Sandero hatchback that offers a higher driving position and rugged styling cues.