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THURSDAY 20 AUGUST 2020 • ISSUE 72
WWW.BUSINESSTODAY.COM.MT
PAUL COCKS
THE Malta Developers Association will
be putting forward new proposals to help
keep the construction and property indus-
try afloat during the second wave of the
COVID-19 pandemic, BusinessToday has
learned.
MDA president Sandro Chetcuti told
this newspaper that the association will be
proposing a number of measures to gov-
ernment in the coming weeks.
"We will definitely be proposing that gov-
ernment extend the temporary scheme in-
troduced in June on our recommendation,
which reduced duties and capital gains tax
on property sales," he said.
Property sales flourished in July 2020,
making the month one of the best since at
least 2017, and according to preliminary
data, more than 1,600 promises of sale
were registered in July alone, with a total
value exceeding €330 million.
is make July 2020 the best month
since 2017.
Chetcuti said the government's decision
to adopt proposals the MDA made in June
to counter the COVID-19 slowdown had
convinced investors and buyers alike to
return to the table and conclude promises
of sale that were probably put off and ex-
tended in March and April.
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Editorial PAGE 7
NEEDED: A DYNAMIC PUSH FOR THE PRIVATE SECTOR
More measures needed to protect
property sector during 'tougher'
COVID-19 second wave - MDA boss
Doctors on one-
hour strike
PAGE 4
Retail trade down by
8% from 2019 levels
MDA President
Sandro Chetcuti
Small signs of recovery in retail and industrial production
in June when compared to May but situation remains bleak
amidst increase in deficit and unemployment
