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St Paul’s Bay Again With Most Property Sales In February 2024

St Paul's Bay Again With Most Property Sales In February 2024
Mar 11 2024 Share

In February 2024, Malta saw an increase in residential property transactions, with 1,012 final deeds of sale and 1,164 promise of sale agreements. 

Final deeds of sale witnessed a 7.8% rise compared to February 2023, totaling €262.7 million, primarily involving individual buyers (92.9%) and concentrating in the Northern Harbour and Northern districts. San Pawl Il-Baħar, Il-Mellieħa, and Birkirkara recorded the highest numbers of transactions.

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Meanwhile, promise of sale agreements surged by 12.7% from the previous year, mostly involving individual buyers (91.5%) and focusing on the Northern Harbour and Northern districts. San Pawl Il-Baħar, Birkirkara, and Il-Fgura topped the list for promise of sale agreements.

The transactions encompassed various property types, with apartments (35.2%) and garages (23.1%) being the most common. Overall, the data indicates a robust real estate market in Malta, particularly in certain districts and localities.

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Source: NSO

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Billie Eilish & Other Celebs Wear ‘Ceasefire’ Pins At Oscars

Billie Eilish & Other Celebs Wear 'Ceasefire' Pins At Oscars
Mar 11 2024 Share

Billie Eilish, Finneas, Mark Ruffalo, Ava DuVernay, Ramy Youssef, and Quannah Chasinghorse have stepped onto the Academy Awards red carpet sporting matching red lapel pins, joined by Mahershala Ali who wore one while introducing nominees for Best Supporting Actor. 

These pins symbolize a call for ceasefire in the Israel-Palestine conflict, which has seen devastating consequences with over 30,000 deaths in Gaza since October.

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Over 400 celebrities, including Cate Blanchett, Ben Affleck, Jennifer Lopez, Bradley Cooper, and America Ferrera, have joined Artists4Ceasefire, advocating for immediate action from the US Congress and President Joe Biden. 

The pins feature a hand encircling a black heart, representing collective support for ceasefire, hostage release, and urgent humanitarian aid delivery to Gaza civilians.

In contrast to previous movements like Time’s Up, which garnered widespread visibility, the ceasefire pins have appeared on fewer stars at recent events. At the Grammys, Boygenius and Annie Lennox wore them, with Lennox even making a plea for peace onstage.

On the Oscars red carpet, Ramy Youssef expressed frustration at the sluggish progress towards peace, emphasizing the importance of vocal advocacy for ceasefire. Additionally, actors Milo Machado-Graner and Swann Arlaud wore pins featuring the Palestinian flag. The presence of these pins underscores the ongoing efforts of influential figures to bring attention to the urgency of ending the conflict.

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Cover Photo Source: Life & Style, WWD, Page Six

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Malta Sets Record In Social Housing Projects, Initiatives

Malta Sets Record In Social Housing Projects, Initiatives
Mar 11 2024 Share

During a Ministerial conference organized by the Belgian Presidency in Liege Brussels, discussions revolved around the accommodation sector. 

Minister for Social and Affordable Accommodation Roderick Galdes outlined Malta’s plans for this sector, emphasizing the government’s initiatives to ensure Maltese citizens have access to affordable, adequate, and dignified housing. Galdes set a new record for the number of social housing buildings to be inaugurated this year.

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Galdes stressed that affordable accommodation is a top priority for the government. Over recent years, policies have been implemented, schemes launched, and existing ones strengthened to provide and sustain decent social and affordable housing, promoting stability and supporting social mobility. 

The government’s multi-faceted strategy includes innovative schemes like the Rent Housing Benefit Scheme, which currently supports around 3000 beneficiaries, the Rent to Assist Scheme facilitating leasing of private properties, and the first-time buyers scheme offering a €10,000 grant over 10 years to promote homeownership.

Galdes reaffirmed Malta’s commitment to ensuring every family has access to affordable, adequate, and dignified housing, aligning with the EU strategy on housing affordability. The conference concluded with the signing of the Liege Declaration among member states.

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Renewal Project Of Nadur’s Belvedere Inaugurated

Renewal Project Of Nadur’s Belvedere Inaugurated
Mar 11 2024 Share

The Minister for Gozo and Planning, Clint Camilleri, unveiled the Belvedere project in Nadur during a state visit. Overlooking the picturesque San Blas valley on the village outskirts, the project received a substantial €61,000 funding from the Development Planning Fund under the Planning Authority.

Camilleri expressed his satisfaction with inaugurating the Belvedere project, a testament to the Nadur Local Council’s commitment to community development. Financed by the Development Planning Fund established in 2017, such initiatives aim to enhance various community aspects across the Maltese Islands.

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The fund draws revenue from two main sources: a portion of fees associated with regularization applications and tariffs imposed on developers for non-provision of parking in development permits. Over the years, the fund has facilitated projects ranging from upgrading playing fields to restoring historic landmarks for social purposes and installing energy-efficient street lighting.

The Nadur Local Council has actively pursued projects financed through this fund, contributing to the area’s overall improvement. Initiatives include beautification efforts in the main square, installing exercise equipment for public use, and renovating benches near Kenuna Tower.

Minister Camilleri emphasized his commitment to supporting more local councils in implementing beneficial projects. He encouraged councils to propose initiatives that enhance resident and visitor experiences. He expressed gratitude to all involved parties for their contributions to the Belvedere project’s success.

The inauguration event was attended by Nadur Mayor Edward Said and Zafferana Etnea Mayor Salvatore Russo, reflecting the collaborative effort behind community development projects.

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