Copenhagen embassy closure 'devastating' for property market

The Federation of Estate Agents has expressed concern about the decision to close Malta's embassy in Copenhagen - Malta's only diplomatic presence in Scandinavia. The FEA fears that the decision will have a negative impact on prospective property...

The Federation of Estate Agents has expressed concern about the decision to close Malta's embassy in Copenhagen - Malta's only diplomatic presence in Scandinavia.

The FEA fears that the decision will have a negative impact on prospective property buyers in Malta, especially since the Scandinavian region is one of the most affluent in the EU.

According to the FEA, these prospective buyers will now have to travel to the nearest embassy in Warsaw, Poland, to apply for residents' permits and be interviewed.

The FEA urged the government to reconsider its decision, claiming that the effect on the local property market could be 'devastating'.

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