Comments on: The Malta Developers Association is happy. So that’s all right, then.

By: Gaetano Pace

Gaetano Pace — Sat, 28 Dec 2013 10:38:06 +0000

Money coming in through the door and leaving the country by the back door. If property is held for five years and bonds held for the same period, the tendency is one of appreication. That is, it becomes worth more than what it was bought for. That also depends on the locality, now that the likes of Portomaso towers can be built. The Malta Developers Association would have earned itself a sack of potatoes if they did not acclaim such a proposal. It is their money they are interested and once there is some repsonsible idiot who is shoveling money into their pockets their only stance is to stack it. It is the responsible idiot who has to see that he got his equation right.

By: unhappy

unhappy — Sat, 28 Dec 2013 03:19:31 +0000

The next thing Henley & Partners would do is to arrange “leases” of properties (one address to 10 families) to applicants via their sister company Henley Estate.

http://www.henleyestates.com/

Oh boy, shouldn’t they bend over and praise the PM for giving them a chance to triple-dip in the honey jar.

Sounds like yet another piece of good advice that Henley came up with.

By: ciccio

ciccio — Fri, 27 Dec 2013 23:50:00 +0000

In reply to H.P. Baxxter. Mistra is only 900 apartments. We need another 900. A land reclamation project, perhaps? 1800 properties at Eur 350,000 is equivalent to Eur 630 million.

By: nutmeg

nutmeg — Thu, 26 Dec 2013 23:29:05 +0000

Why only 350,000 Euros for such individuals of talent? Is the government perhaps bound by a maximum fee of one million?

By: Stephen Forster

Stephen Forster — Thu, 26 Dec 2013 19:44:06 +0000

It was drawn up for certain friends and the 1800 cap was the guarantee. Why can not anyone see that!

By: edgar

edgar — Thu, 26 Dec 2013 19:02:24 +0000

Am I right in saying that once they have an address in Malta, they are entitled to vote?

[Daphne – An address is not enough. You also have to be resident in Malta. But I’m sure they’ll work something out.]

By: H.P. Baxxter

H.P. Baxxter — Thu, 26 Dec 2013 18:46:59 +0000

In reply to ciccio.

Mark II is even worse, my dear Ciccio.

Because instead of lining Henley & Partner’s pockets, it will now line the pockets of our own, home-grown, Maltese fat cats. To put it plainly, iz-zaqq h**a tal-kuntratturi se tikber iktar.

Astrid must be THRILLED.

Bastards. Vile, evil scum, the whole lot.

I don’t even know why the PN spent twenty years conniving and assisting in the ascent to power of the kuntratturi, when they only gave back a pittance in donations to the party.

Most of the donations went to Labour.

Simon Busuttil had better learn from the mistakes of the past. Ditto for the hunters’ lobby. Did they vote for the PN? Did they f***.

Or the Outer Harbour deserving cases, who were showered with handouts by Lawrence Gonzi? Did they f*** too.

By: Godfrey Camilleri

Godfrey Camilleri — Thu, 26 Dec 2013 18:31:48 +0000

I do not expect that 1800 citizenships will be sold in two years! I expect around 100 a year; at this rate it will take 18 years to reach the cap.

[Daphne – That’s naïve. The Labour Party is interested solely in its own narrow interests, whether in or out of government. Rest assured that if Muscat has capped the scheme at 1,800 APPLICANTS NOT CITIZENSHIPS (each applicant can bring in his entire family and his wife’s) then all of these will be sold between now and 2018. And I’ll say they’ll all be sold more or less immediately, and that is how they came up with the 1,800 figure – a rather strange number.]

By: H.P. Baxxter

H.P. Baxxter — Thu, 26 Dec 2013 17:54:37 +0000

In reply to Robert Barathian. They are the PN's bedfellows too. I would have thought we were more than a nation of real estate developers. But the PN say I'm wrong.

By: Robert Barathian

Robert Barathian — Thu, 26 Dec 2013 13:36:26 +0000

But of course the Malta Developers Association would be the happiest of all with the new regulations regarding the purchase or renting of properties by passport-buyers.

It’s a win-win situation for them. After all, they are the PL’s bedfellows.

It’s the prospective Maltese buyers who would be looking to buy property at that price range who will be hit the hardest as that market will definitely be taken up by our new fellow citizens.