Malta's growing real estate market allows one to just buy and hold a property and still get a good return on investment. This leads to multiple homes being removed from the market and unused which adds to the increasing property scarcity. Adding a small property tax of less than 0.5% based on property value would push people to get the most return from there property by renting it out or making sure that it is fully utilised.
This content is created by the open source Your Priorities citizen engagement platform designed by the non profit Citizens Foundation