Malta Real Estate Tenders

Malta's real estate market is booming, with steady price increases and strong demand. In 2023, the average property price is €227,000, with apartments ranging from €280,000 to €1,900,000 depending on size and location. The market is expected to continue growing at a rate of 3.84% annually, reaching €120.20 billion by 2028. This growth is fueled by factors like Malta's attractive tax system, beautiful Mediterranean climate, and growing economy.

The Malta government is a significant player in the real estate procurement market, investing in various projects like offices, housing, and infrastructure. In 2022, the government spent €1.2 billion on real estate projects, highlighting its commitment to developing the country's infrastructure and creating a sustainable future.

The main real estate products and services procured by the Malta government include:
Office space: The government leases office space for its various ministries and departments, ensuring efficient operations and a comfortable working environment for employees.
Housing: The government invests in social housing projects to provide affordable accommodation for low-income families and individuals.
Land: Land is procured for various development projects, including infrastructure, schools, and hospitals.
Construction services: The government contracts construction companies to build new facilities and infrastructure projects.
Property management services: The government outsources property management services to ensure the proper upkeep and maintenance of its real estate assets.

The top authorities responsible for real estate procurement in Malta include:
Department of Contracts: This department handles all government procurement, including real estate.
Lands Authority: This authority manages state-owned land and facilitates land transactions.
Ministry for Infrastructure and Transport: This ministry oversees infrastructure projects, including those involving real estate.
Ministry for Social Housing: This ministry focuses on providing affordable housing solutions for citizens in need.

Some of the top companies winning real estate procurement contracts in Malta include:
Hili Properties: This leading developer has won several contracts for major infrastructure projects like the Central Link Project.
MIDI plc: This company is responsible for the development of Tigné Point, a high-end mixed-use project.
AX Holdings: This diversified group has a strong presence in the real estate sector and has won various government contracts.
Corradino Group: This established developer has a diverse portfolio of projects and has won contracts for office buildings, residential developments, and infrastructure projects.
BMG Group: This group has extensive experience in construction and property development and has won contracts for various government projects.

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