The average asking price for an apartment in Malta has jumped to €414,600, approximately €40,000 higher than a year ago, according to a new study by KPMG and the Malta Development Association. This increase comes even as the average apartment size continues to shrink. The report, presented at a national conference on the construction and property sectors, analysed over 18,000 property listings and highlights persistent upward pressure on housing costs. The findings raise questions about affordability and market dynamics, particularly as buyers face higher prices for smaller units in an already tight housing market. (Times of Malta)
Marlene Mizzi Defends Record Amid Malita Controversy
Former Labour MEP Marlene Mizzi has spoken out following her 2024 removal as chair of Malita Investments plc, dismissing any connection to the company’s current financial troubles. Mizzi stated her dismissal occurred shortly after challenging Housing Minister Roderick Galdes over perceived interference in Malita’s operations and unusually close relations with contractors. She emphasised that the company was financially healthy under her leadership and maintained high corporate governance standards. Since her departure, Malita has faced cash flow issues, stalled projects, and executive turnover, sparking public scrutiny and debate about governance in state-linked companies. (The Malta Independent)
Malta Launches First National STEAM Taskforce to Strengthen Skills Ecosystem”
Malta’s first National STEAM Taskforce was launched on Tuesday, bringing together 15 key institutions from education, research, industry, and the arts. The initiative marks a strategic evolution from STEM to STEAM, integrating arts with science, technology, engineering, and mathematics to foster creative and critical skills for the future workforce. The taskforce aims to coordinate educational programs, industry engagement, and community initiatives, ensuring a flexible, forward-looking approach to developing skills needed in an evolving labour market. (TVM News)
