August was the best month for property industry, according to MDA

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Tista' taqra bil- Malti.

Preliminary data shows that August 2020 has been the best month for the property industry when compared to similar months in the past four years, with more than 1,300 promises of sales finalised and registered with the authorities, with a combined value of over €300 million, said the Malta Developers Association, MDA.

MDA said in a statement released on Monday that this is the second month in a row which has seen a staggering increase in the number of registered promises of sale.

It also said that the property industry is one of the most resilient economic activities despite the overall economic downturn due to the coronavirus pandemic.

“This means that the market is recognising the value of investing in property as one of the soundest future-proof investments,” said MDA

The MDA took credit for these results saying that its proposals, implemented by the government, in its COVID-19 mini-budget, are resulting to be a tangible economic booster for the economy.

MDA called onto the government to make sure that more proposals suggested by the MDA are introduced in the next Budget.

Prime Minister Robert Abela reacted to this news saying that the government is managing to create a new generation of home owners.

Bħal Ġunju u Lulju, Awwissu kien xahar rekord ta’ ffirmar ta’ konvenji għal xiri ta’ propjetajiet.Ġew iffirmati 4,088…

Posted by Robert Abela on Monday, September 7, 2020