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Property sales double to 1158 in May with sale promise tripling

Property sales double to 1158 in May with sale promise tripling
Jun 10 2021 Share

Amount of final deeds of sale of property doubled from 552 to 1,158 on May 2021, with number of promise of sale agreements tripling from 511 to 1,478. The National Statistics Office (NSO) showed how the month of May showed an immense increase of sales year on year.

The sector now boasts more than 2,500 agreements which are either finalised deeds or are in promise of sale agreements. Gozitan residential properties proved immensely popular, recording the highest number of final deeds and promise of sale agreements in 2021.

May 2021 saw a 606 deed increase to 1,158 from last year. The deed value totalled €319.5 million, around three times higher than corresponding value recorded in 2020. In May 2021, 1,478 promise of sale agreements were registered – an increase of 967 agreements over the same period.

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Photo Source: The Washington Post

Malta striving to be best in the world in new 10 year economic vision

Malta striving to be best in the world in new 10 year economic vision
Jun 10 2021 Share

Prime Minister Robert Abela launched the public consultation document which outlines Malta’s economic vision for the next decade, ranging from 2021 to 2031. The Prime Minister highlighted how Malta’s employment and Gross Domestic Product (GDP) shot back up to pre-pandemic levels, despite all the challenges which the country faced due to the outbreak. With almost 5000 new businesses set up in 2020, Abela stated that the past decade bridged the gap between Malta and the EU.

The next ten years will ‘see [Malta] become a centre of excellence’, stated Abela. Five pillars were established for the economic vision; sustainable economic growth; infrastructure; education; good governance and; the environment, which Abela labelled as the most important pillar. With radical transformations into training and education, good governance and large investments, Abela repeated how Malta has to strive to be the best in the world.

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Photo Source: Robert Abela FB

Over 60,000 people downloaded their vaccine certificate

Over 60,000 people downloaded their vaccine certificate
Jun 10 2021 Share

Deputy Prime Minister and Health Minister Chris Fearne announced during a press conference that more than 60,000 people downloaded their vaccine certificate. Stating that with the COVID-19 epidemiological situation in Malta under control, Fearne is confident that Malta will be part of the European Green passport by the 1st July. 76% of the Maltese population has been vaccinated with at least the first dose, compared with only 13% of the world population.

With the target set at 80% of the population getting their jab, the Health minister stated that those between the ages of 12 to 15 will be getting their invitation to receive their vaccine. Placing Malta on the European Green Passport means that European citizens can come to Malta without excessive restrictions.

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Photo Source: Chris Fearne FB

Luana Borg found safe and sound

Luana Borg found safe and sound
Jun 10 2021 Share

16 year-old teenager Luana Borg has been found safe and sound after having been reported missing last March. Borg had been reported missing on other instances last Christmas, turning up safely a month later.

Police have reported that Luana tends to wear a burqa to avoid detection by authorities. Details about the disappearance were not disclosed, but police thanked the public for support.

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Photo Source: Malta Police Force