Condominium administrators and building managers have set up a new organised body within the Malta Developers Association (MDA), adopting the tagline, “Improving your quality of life and value of your property”.
The new MDA section is being formed with some twenty members representing close to 2000 properties, with Andrew Xuereb (Realhouse Management Ltd) being unanimously elected as its head during the body’s inaugural meeting.
Joanna Xuereb (MG Administrators) and Yosef El Khatib (Regent Property Services) will be assisting him on the first committee.
Addressing the meeting, MDA president Michael Stivala said that representing condominium and building management operators was “a logical next step for the MDA”.
“We are fully aware of the massive growth of the property market and particularly the letting sector over these past few years,” he continued.
“This rapid expansion has created new challenges for condominium administrators in residential properties, building management operators of commercial properties, as well as the tenants of both residential and commercial properties. Now it is up to us to set up the right framework and infrastructure for our members and their clients.”
Mr Stivala said that since its establishment in 2010, the MDA has grown from safeguarding the interests of property developers and building contractors, to now include specific sections for estate agencies and estate agents and consultants, quarry owners, road contractors, landlords and renewable energy goods suppliers.
The MDA now numbers over 600 members in total, making it one of the largest non-governmental organisations in Malta.
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