Property

From war bunker to penthouse to market flop: how Germany’s property boom ended

By Tom Sims and John O'Donnell MUNICH (Reuters) - It has been a tumultuous year for one prominent German property developer: his efforts to sell his penthouse atop a Nazi-era…

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FIAU Chair nominated for MFSA role / Malta News Briefing – Tuesday 24 January 2023

Updated 1710 - Afternoon Portal Review The Times of Malta reports that FIAU chairman Jesmond Gatt has been nominated by the government to chair the board of the Malta Financial…

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Curtains drawing on runaway rise in global house prices, study finds

A runaway surge in global house prices is drawing to a close as interest rates rise along with the cost of living, according to Reuters polls of housing analysts, who…

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Hili Properties plc acquires majority shareholding in prestigious Romania office complex

Hili Properties plc, the strategic real estate investment subsidiary of Hili Ventures, has acquired a 75% shareholding in Baneasa Real Estate SRL, the owner of the imposing Miro office building…

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Dubai property sales surge 60% as investors, Russians flock in

DUBAI, July 29 (Reuters) - Dubai's red-hot property market surged in the first half of the year as investors piled in, with Russians among the top five buyers as the emirate benefits…

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Malta: Slight increase in property sales in first three months of 2022, but promises of sale collapse

In the first quarter of 2022, 3,373 final deeds of sale were registered, an annual increase of 2.9 per cent, the NSO said today. The value of the deeds registered…

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Property ladder too high for central Europe’s first-time buyers

PRAGUE (Reuters) - Meera Sankar knew it was time to give up her dream of buying a home in Prague when she looked at a flat barely big enough for…

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82% of people in Malta own their property – Eurostat

Malta continues to register high rates of property ownership, with a Eurostat study finding that some 81.9% of people living in Malta owning their own property. In 2020, 70% of…

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Vatican corruption trial mired as judge orders new long adjournment

A corruption trial related to the Vatican's purchase of a luxury building in London was adjourned for nearly six weeks on Tuesday, another long delay underscoring how it remains mired in its opening stages…

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10% of people in Malta live in dark dwellings – Eurostat

Just under 10% of people in Malta, the third highest rate in the European Union, reported not having enough daylight in their dwelling, meaning their dwelling seemed too dark and…

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Malta: Government to buy properties rented out to band clubs

Property which is rented out to band clubs from private owners will be bought by the government. This will be done in order to avoid a situation which may lead…

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Pandemic boom drives UK house prices up by most since 2004

British house prices jumped by the most in more than 16 years this month when they were 13.4% higher than in June last year and demand is expected to remain…

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Surge in illegal bank loan-funded China property buys worries regulators

BEIJING, April 16 (Reuters) - Property purchases in China funded through bank loans fraudulently obtained by speculators are fuelling already red-hot real estate markets in its biggest cities and beginning…

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Maltese Editors’ Perspectives

Times of Malta says that a new bill, which has been harshly criticised by the Chamber of Advocates, risks undermining the constitution In light of the murder of Sarah Everard…

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Budget 2021: MDA welcomes incentives boosting economic activity

The Malta Developers Association (MDA) welcomed the various initiatives announced in the Budget and said it was satisfied that several of its proposals have been taken on board by the…

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Malta: Property prices in Malta register decrease during COVID-19 pandemic, study shows

69% of properties in Malta were valued at a lower price during the first quarter of 2020, in comparison to the last quarter of 2019, a study has shown. Source:…

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Maltese Editors’ Perspectives

A variety of themes tackled by the Editors in print today, with sports, and home ownership making rare appearances in newspapers' leaders. Business Today notes how among the only business…

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Malta: Short lets have flooded the rental market, pushing prices down

It is a tenant’s market for rental property right now, with supply far outstripping demand and prices going down by as much as 50 per cent in some cases, according…

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New German law to target money laundering in property market

Germany's government is unveiling a new law aimed at combating money laundering in the real estate sector. It's estimated that billions in illegal earnings are funnelled into the German property…

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UK – Rogue landlords database to be made public to combat poor substandard rentals

A “rogue landlords” database will finally be opened up to the public to give people “the crucial information they need before signing on the dotted line”. In the UK private…

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Malta: New building regulations will likely push property prices upwards

The Malta Independent reports on an interview with Kamra tal-Periti president Simone Vella Lenicker who argued that the new building regulations will likely push property prices upwards. Interviewed by The…

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Amsterdam set to ban rental of new-build houses to combat spiralling house prices

Amsterdam has drawn up plans to ban the rental of new-build homes on city land, as part of a spate of policies to combat spiralling house prices, housing shortages and…

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Cayman Islands property boom threatened by British anti-money laundering rules

The Financial Times takes a look at the current property boom in the Cayman Islands and how anti-money laundering laws in the UK are now a threat. Estate agents in…

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Ban on foreigners buying homes in New Zealand comes into force

A ban on foreigners buying homes in New Zealand has come into force, as the Labour-led government fulfils an election promise that critics say could be a popular but won’t solve the…

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Maltese property market exploring blockchain

A number of the largest real estate agents in Malta are currently studying the possibility of using Ledger Projects’ Distributed Ledger Technology to share information related to the local property…

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Monday Morning Briefing

Good morning, Malta's newspapers present a number of issues, with The Times carrying the position of the Malta Employers' Association Director General on the way the property market is causing…

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New Zealand bans foreigners from buying property to cool housing prices

CNN reports that the Parliament of New Zealand on Wednesday passed a law banning foreigners from buying into most parts of its residential property market as the government seeks to cool red-hot…

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Malta: Business hub for financial, legal and corporate service providers in final stages of completion

Malta: ‘Nu Bis Centre is a novel concept designed to host financial, asset management and corporate service industries and is now at an advanced stage of development. The highly-finished building is…

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