Thursday 22 June 2017

MDA welcomes decision to link IIP with purchase or rental of property in Malta

The Malta Developers Association welcomes Government’s decision to oblige participants in the Individual Investor Programme (IIP) to purchase a property in Malta of a value of at least €350,000 or rent a property for €16,000 a year.

Since its formation, the MDA has been lobbying with Government to make the sale or letting of property to foreigners an objective and the inclusion of this obligation in the revised IIP is in line with MDA’s strategy for the improvement of the Maltese property market.

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