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Real Estate CEO Proposes Free Land For Developers To Build High-Rise Affordable Housing

Summary by Lovin Malta
Steve Mercieca, the CEO of one of Malta’s largest real estate firms, has come up with a bold idea to address the rising problem of housing affordability in Malta. Speaking to Lovin Malta, Mercieca – the CEO of QuickLets and Zanzi Homes – urged the government to lease out land to developers on long-term contracts for free on condition that they build high-rise towers, half of which will be rentable at an affordable rate. He said these projects sh…
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