The vacant property myth.

Last activity 22 October 2013 by Toon

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GuestPoster566ViP22 October 2013 06:40:10

3692

Maybe some will find this article interesting?

http://www.maltatoday.com.mt/en/blogsde … h-20131021

I also noted that it was written by Michael Falzon who is Chairman of the Malta Developers Association and a former Nationalist infrastructure minister

Quote.............What this means is that the real figure of vacant residential units that are ready for habitation and are on the market is around 15,000 - less than 25% of the 72,000 figure so many like to tout. In other words, the myth of what the number of 'vacant' properties means has imploded.

tearnetViP22 October 2013 07:19:29

2179

I guess that a large proportion of those that are classed as "summer home" are in fact recorded as that to avoid tax. They will be rented out as short lets and payment will be in cash.
70 odd thousand may not be totally accurate but its not far off, just looking out of my window there are three large unfinished blocks that have been that way since we have been here.
Also look how many estate agents there are, they must be making money out of rental turn over as the housing market seems flat.

GuestPoster566ViP22 October 2013 07:35:24

3692

I agree, especially as that is written by someone with a vested interest

ToonCyprus Expert22 October 2013 08:18:07

9878

am going to the docs today as am agreeing with both of you!!!!

GuestPoster566ViP22 October 2013 08:33:14

3692

Get well soon!!

ToonCyprus Expert22 October 2013 08:43:06

9878

i will keep taking the tablets - after all they cant touch me for that - surely - but with this old fuddy duddy judge Peralta who knows

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