Tag: Real-estate
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“There is no good stock available” – property agent
I was delighted to listen to a property agent speaking so frankly about the property market in Malta as he literally implied that there is no good property stock available for sale. He was making his point in an advertisement and said that despite his company having the best property database on the island, the…
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A large inheritance and a series of real-estate deals
So far my research is not extensive, but Reverend Carmelo Busuttil who is fronting a development of a new, large apartment block in Imqabba, has received an inheritance of several properties from his parents and went on to invest in further properties and business along the years. Notably, there’s a purchase of 163,365 of at least…
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More on Yorgen Fenech’s hidden wealth
Apart from having accounts in Dubai, where he regularly deposited millions of Euros, Yorgen Fenech claims to also have several properties in London. According to him, in a conversation he had with Ian Castaldi Paris, Yorgen Fenech invests his “extra” capital into London real estate. Later on, after these chats were initially revealed, Ian Castaldi…
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An extended Real-Estate Mafia
Unlike Roderick Galdes who stacked properties under his name, Silvio Schembri, Minister for the Economy and another member of the Real-Estate Mafia with Prime Minister Robert Abela, has stacked properties and built wealth by distributing it to various fronts, such as and of course, his wife. However, Silvio has various other fronts such as his…