Real Estate and Construction in Malta
The Real Estate and Construction Industry in Malta is one of the fastest-growing sectors, and it shows no signs of slowing down. The construction sector currently consists of approximately 5,000 enterprises, directly employing around 13,000 individuals excluding architects, engineers and manufacturers involved in the construction sector. As a result, the growth of the industry has had a significant impact on the island’s GDP. The influx of foreign business to Malta has led to an increase in demand for both residential and commercial properties. This, in turn, has contributed to the increase in property prices across the island, making real estate an excellent opportunity for investment.
However, there are currently several laws, regulations and governing bodies that exert control over the industry, which can be complex to navigate.
Challenges faced by the Real Estate and Construction Industry
Companies operating in the Real Estate and Construction Industry are faced with several challenges, particularly due to frequent changes and updates in regulations, financing, tax, and increased competition. Traditional methods of financing are on the decline, which is why companies seeking to understand the dynamics of the industry are seeking expert advice.
At DFK Malta, we draw on years of expertise to offer specialised guidance to companies operating within the Real Estate and Construction Industry. Our team can help you identify risks and find solutions to address them while helping you reach your financial targets. We also provide support related to business incentives available to companies operating within the industry.
For more information about Real Estate and Construction in Malta, please get in touch.