In an interview with Times of Malta, one of Malta s topmost contractors:
Warns of over-supply of properties in many areas of Malta;
Says developers, planning authorities to blame for new pencil buildings ;
Sees few signs rental market will go back to pre-pandemic days;
Says price of building supplies and shipping have skyrocketed;
Reveals many homes in the care sector have empty beds;
Proposes property bank, where the state rents properties at market prices and offers them to those in need of social housing at subsidised rate.
With plans to retire soon and his group of companies celebrating its 75th anniversary, construction mogul
St Vincent de Paul €274m contract awarded to James Caterers and DB Group broke the law
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Vassallo Builders solar project generates enough energy to power 570 households
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