The Federation of Estate Agents has become an affiliate member of the Malta Developers Association, ahead of a White Paper on the regulation of estate agencies.

Economic Growth Parliamentary Secretary José Herrera said the White Paper, announced in the 2015 Budget, would be issued in the coming months.

He congratulated the two associations on coming together to face new challenges and noted that, apart from growth in property sales, the presence of many foreigners employed in the igaming, ICT and financial services sectors had led to a boom in property rental.

This is the fourth federation to become affiliated with the MDA following the Federation of Building Contractors in 2013 and the Malta Furniture Manufacturers Organisation and the Quarry Owners Association last year.

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