PwC Malta issues report on Malta’s first Real Estate Transparency Index
Over the past few months, PwC Malta has been working on a project in conjunction withJones Lang LaSalle and Archi+. This is a first of a series of initiatives focusing on the transparency of the real estate market in Malta. The global real estate industry is facing increased pressures to act responsibly. As investorsbecome increasingly exposed to real estate, the focus is shifting more towards investing anddoing business in a transparent and sustainable manner. But why is transparency so important? Transparency within the real estate market leads to increases in business efficiency, competitiveness, flexibility and investor confidence. It also facilitates the achievement of the country’s macroeconomic goals, through increased productivity, continued foreign direct investment, as well as improved policy development and long-term real estate planning. Transparency has become even more important in today’s business world, in light of the heightened uncertainty and rapid change characterising the economic environment, owing as well to the repercussions of the COVID-19 pandemic and geopolitical conflicts. Understanding the importance of these benefits, PwC Malta has embarked on a...