Tenant is legally bound to take care of his premises as though it were his own

The First Hall of the Civil Court held that the tenant of any rented property has a legal obligation to take care of that property, as a father takes care of his family, and is to pay for all damages caused. This was decided by Ms Justice Anna Felice on 10 January, 2017 in Eman Pace -v- Daham Al Hamad. In his application, Pace explained that in Decem...

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When to jump off the buy to rent wagon?

Real estate has always proved to be an investment opportunity popular with many investors. Locally, the trend is popular and has been picking up over the years, especially amongst young adults, intrigued by making profitable rental income over and above their annual job salaries. Taking out a mortgage requires relatively minimal equity investment...

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Myth Debunked: Energy consumption

We all have a relative who is always unplugging appliances and switching off unused plugs to ‘save the planet’. Of course, doing our bit for the environment is a duty we should not shy away from. But perhaps if we really want to make a difference our time is better spent attending clean-up campaigns. Myth #1: Do unused plug sockets use ele...

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`I do not see the risk of a property bubble`, says BOV CEO

Bank of Valletta, Malta’s largest bank, has a conservative risk appetite, a lot of liquidity and a pulse on the economy. CEO Mario Mallia talks to Kurt Sansone about a planned share capital increase, the property market and Deutsche Bank’s withdrawal of US dollar services. Bank of Valletta’s board of directors are...

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What would happen in a property crash? There’s a test for that

Central Bank experts have measured what would happen when property prices fall, dropping the value of collateral that accompanies loans, as well as a corresponding increase in defaulters – or non-performing loans Matthew Vella   17 August 2017, 9:35am         Business is booming in Malta&rsquo...

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Rentals yield 6.64% return for owners – survey

The owner of a property in Malta who rents it out can expect a return on their investment of 6.64%, according to research carried out by payment services provider WorldFirst. The European Buy-To-Let League table found that Ireland gives the best return, (7.08%), for the second year running. But Malta has leapfrogged from 8th place to second. The&n...

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