The Federation of Estate Agents has expressed its disappointment at the government’s decision to close Malta's embassy in Copenhagen.
This decision, it said, will have serious repercussions on prospective buyers of property in Malta who hailed from this region - one of the most affluent of the European Union.
As things stand, these prospective buyers will now have to travel to Warsaw in Poland, Malta’s nearest Embassy, to apply for residents' permits as well as for interviews related to the same process, the FEA said. This can have a negative effect on efforts by Malta's real estate sector to attract foreigners from this region to invest in Malta.
The FEA urged the government to reconsider its decision in light of the devastating effect it can have on the local property market.