“We will extend the stamp duty reduction measure to properties not exceeding € 400,000” – Prime Minister Robert Abela

In a meeting with the Maltese Developers Association, Prime Minister Robert Abela said that it is always a pleasure to listen to the social partners, while stating that the MDA, during the pandemic, was always present with constructive proposals that improve the work of thousands of Maltese and Gozitan families. At the AX Group business center, the Prime Minister stressed that if before we wanted to achieve the average, now we want to achieve excellence, as listed in the launch of the economic vision for the next decade. . “Representing you is an important sector and, consequently, the contribution you are making to the economy is very strong,” said the Prime Minister. The Prime Minister pointed out the successes we have made in various fields such as the health, energy and education sectors among others, while pointing out how prepared the construction sector is to take the next step. “I believe that the environment and development sectors can live together in synergy and complement each other. In the economic vision we have always seen this balance between environmental transformation and that of development. What we have achieved in energy, we must achieve in construction. ” During the meeting, Dr Abela noted how the proposals launched in the Economic Regeneration Plan were welcomed and bore fruit. “I mention the proposal to change the construction machinery to a more efficient one. That we lowered the stamp duty on the sale and purchase of property. We have seen so much success in this measure that we have chosen to extend it again to these individuals who form an agreement by December of this year and subsequently be present for a final contract by June 2022. ”