The Federation of Estate Agents (FEA) welcomed the measures announced in the budget which included some of its past proposals.

In a statement this morning it said these were the introduction of a final withholding tax on rental income and a revision of the Government appointed architect valuations.

It also welcomed the concession to first time buyers, who would not pay stamp duty during 2014, something the Malta Developers Association pushed hard for and which would give a needed incentive to this segment of the market, the FEA said.

The FEA also welcomed Government plans to set up an official structure aimed at coordinating and encouraging the marketing and promotion of property and lifestyle in Malta, to foreigners overseas.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.