PRESS RELEASE BY THE MINISTRY FOR JUSTICE AND REFORM OF THE CONSTRUCTION SECTOR: Property Market Agency engages with intermediaries to further strengthen the sector

Minister for Justice and Reform of the Construction Sector, Jonathan Attard, addressed a seminar for property market intermediaries organised by the Property Market Agency. The event focused on enhancing collaboration between stakeholders in the sector, with particular attention given to the next step: the development of a code of ethics and best practices aimed at raising professional standards.

Minister Attard emphasised that the property sector is currently undergoing a crucial period of transition. He highlighted that regulatory bodies are adopting a more collaborative, dialogue-based approach with market operators and professionals. He noted that strong participation from these key players is encouraging—not only for the continuation of the reform process but also for increasing public confidence.

“It is essential that our dialogue is rooted in mutual respect and recognition of our distinct roles. We must work together not just to regulate, but to foster a new culture within the sector—one built on trust, ethical conduct, and high standards," said the Minister.

He further noted that the reforms underway are not the product of individual efforts, but the result of extensive consultation with professionals and operators across the industry.

Minister Attard also commended the Agency's work, and the contributions of all those involved in ensuring it remains effective in fulfilling its regulatory role.

“We must understand that the property market is not merely about numbers and transactions—it involves some of the most significant financial decisions people make in their lives. In times of change and challenge, it is vital that we operate with cooperation, respect, and partnership. Together, we can build an environment where consumers feel confident in the process, investors discover new opportunities, and property professionals can work with integrity and assurance," the Minister concluded.

The Agency's Chief Executive, Joe Deguara, noted that this seminar was part of a wider series of initiatives designed to strengthen collaboration among government and non-government entities, with the goal of creating a more transparent, robust, and sustainable property market.

Perit Roderick Bonnici, Chief Executive of the Building and Construction Authority, gave a presentation on Energy Performance Certificates (EPCs), Malta's energy obligations, and ongoing studies within the sector, including the concept of a “building passport"—a document that outlines a property's structure along with all associated documentation.

“To this end, in the coming weeks and months we will be announcing schemes aimed at raising public awareness of the benefits of energy-efficient buildings, such as reduced energy consumption and long-term cost savings," explained Perit Bonnici.

Analyst Dario Cacopardo delivered a presentation outlining how the Agency, as part of its work to develop a regulatory code for licensed professionals, conducted a qualitative analysis of established models from other countries.

The seminar also featured a panel discussion with contributions from Sandro Chetcuti, Chairman of the Malta Development Association (MDA); Michael Stivala, President of the MDA; Michael Bonello, Head of the Property Agents Section within the MDA; Perit Mark Arrigo, representing the Chamber of Architects; and Architect Noel Ellul, representing the BCA.

Photos: MJR