The Future of Malta’s Property Market – National Conference 2022

future of malta property market

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The Future of Malta’s Property Market National Conference 2022, brought to you by KPMG in collaboration with Property Malta Foundation.

A half-day conference held at the Intercontinental Hotel, St. Julian’s on the 28 October 2022, between 8:30 -13:30.

During this conference, KPMG will be presenting the annual Construction Industry and Property Market Report 2022 – a report which we hope will continue to act as a compendium of matters related to this industry, bringing together the latest official data sources, insights from industry stakeholders, and KPMG’s own property market database results. Attendees will receive a complimentary copy of the KPMG Report 2022. In addition, we shall be hosting two panels of speakers that will be discussing the current and future state of play of the Construction Industry and Property Market in Malta.

Date: 28 October 2022

Time: 8:30 -13:30

Venue: Intercontinental Hotel, St. Julian’s

Fee: €50 (incl. coffee break and networking lunch)


08:30 – Registration and coffee
09:00 – Welcome speech address by Mr David Pace
09:05 – Opening keynote address by Mr Sandro Chetcuti
09:10 – Opening keynote address by Hon. Prime Minister Dr Robert Abela
09:15 – KPMG Presentation – Construction Industry and Property Market Report Findings
09:50 – Panel 1 – Discussion on Key Report Findings
10:50 – Coffee Break
11:15 – KPMG Presentation – ESG in Construction and Property Market
11:30 – Panel 2 – The Future of Malta’s Property Market
12:30 – Closing keynote address by Hon. Clyde Caruana
12:45Networking lunch

*The conference will be conducted in Maltese and will be presented by Keith Demicoli.

CPE Hours: This conference qualifies for 3 hours of structured CPE which can be classified as Professional Competency. A certificate of attendance will be provided at the end of the session.

Course Features

  • Guided Learning 5 hours
  • Language Maltese
  • Assessments
Hon. Clyde Caruana

Minister of Finance and Employment

The Minister for Finance and Employment, Clyde Caruana, was appointed Minister in November 2020. An economist by training, has held the position of executive chairman at the State employment agency, Jobsplus, since 2014. More recently had taken up office as Prime Minister’s Chief of Staff.

Chairman, Property Malta Foundation

Head of Advisory, KPMG in Malta

David joined KPMG in 2002 and has worked on numerous advisory assignments, both locally and overseas. He currently heads the firm’s Advisory function, one of the broadest multi-disciplinary teams on the island. Throughout his career he has assisted clients in successfully raising debt and equity finance and in valuing shares and businesses. He is actively involved in numerous business negotiations and has a lead role in the firm’s Merger and Acquisition service offering. He has also participated on vendor and buy-side due diligence assignments for which he has worked within the local and foreign practices of KPMG. His engagement portfolio has led him to work at the heart of strategy within a number of businesses, helping them throughout the process of considering strategic options, articulation of plans and their subsequent implementation and monitoring. David has provided various training sessions on corporate finance, accounting and business related topics to clients and at public seminars. He is an active promoter of entrepreneurship, supports early stage companies, and is a Past Chairperson of the JAYE Malta Foundation (previously Young Enterprise) Board.

Associate Director, KPMG in Malta

Steve is an economist by profession and works across KPMG’s audit, tax and advisory functions. He provides the economic background and specialist knowledge required in a firm providing multi-faced business solutions to clients. Steve’s main area of expertise is Economics, Public Policy, and Strategy, bringing to the table an economic perspective to client problems, using both quantitative tools (Econometrics, simulations, data analytics) and qualitative insight (economic principles). During his time at KPMG Steve worked on several high-profile projects involving Industry and market analysis, ‘Cost Benefit Analysis’ for EU fund applications, ‘Socio-Economic Impact Assessments’ required by Governments (local and international) for various public decisions, Evaluations of EU funds and national programmes, and other economics-related work.

Chief Business Banking Officer, BOV plc.

Mr Frendo is an accountant by profession and is responsible for the stewardship of the Credit Function. His career at the Bank spans over thirty years with wide ranging experience in cost management and financial reporting, risk management and credit finance. For twelve years, he headed the Bank’s Risk Function and was later assigned with the management of the Bank’s overall Credit Portfolio, responsible for a number of key credit areas including Corporate, SME, Consumer and Trade Finance, Collections and Collateral Management. He was entrusted to launch Risk Sharing Instruments in Malta aimed at SMEs including JEREMIE, CIP, SMEG, SME Initiative (JAIME) and SME Invest. Mr Frendo is a member of the Bank’s Executive Committee and a number of management committees. Albert is responsible for Business Banking being one of the three key pillars of the revamped Business Model along with Retail Banking and Investments. Albert holds a degree in Accountancy from University of Malta and a Masters in Business Administration, with specialization in Management Consulting, from Grenoble Graduate School of Business in France. Albert also sits on the board of Tigne Mall plc.

Leading Economist

Dr Gordon Cordina is a leading economist in the Maltese Islands, with a professional experience spanning 25 years covering banking, policy-making, academia and private sector consultancy. He is a graduate of the University of Cambridge and the University of Malta. His main area of academic interest is the growth and macroeconomic dynamics facing economies that are prone to heightened risks. Gordon has several years of Board and Risk Committee experience in major financial institutions in Malta, amongst which at Bank of Valletta. He served as Manager of the Research Department of the Central Bank of Malta, Director General of the National Statistics Office of Malta, Head of the Economics Department of the University of Malta and Economic Advisor to the Malta Council for Economic and Social Development. Through the private consultancy firm he co-founded in 2006, he is involved in a number of local and international research projects and consultancy assignments with institutions including the EU Commission, NGOs and private sector entities. Gordon is a visiting senior lecturer at the University of Malta. Appointed to the Board in October 2020.

Director, Frank Salt

Douglas Salt is the manager of the St Julian’s Branch of Frank Salt Real Estate, as well as a shareholder and Board Member of the company. He graduated with a Bachelor of Commerce degree from the University of Malta. He has been working with the company for the past 27 years and is one of the top sales consultants. He became Branch Manager of Balzan Office in 1997 and later in 2004 also the San Gwann Branch Manager. Following the expansion plans for the St Julians branch, earlier in 2010 he relinquished his post as Branch Manager in these two offices and took on the management of the St Julian’s branch and shortly afterwards that of the newly opened St Julians Spinola branch. Besides selling property, he also has vast organisational, managerial and motivational skills, and is responsible for the overall operations of the human resources, property management, IT and AML departments. Douglas was the secretary of the former Association of Estate Agents and following its demise, in November 2005 successfully founded a Federation Of Estate Agents, and of which he was Founder President. He was founder president of the Estate Agents section of the Malta Developers Association.

Head of Tax, KPMG in Malta

Anthony commenced his career in the firm’s audit function in 1990. In 1995 he joined the taxation services department and has since worked in income tax and value added tax. Anthony joined the partnership in January 2003 and he currently heads the firm’s tax function. Anthony has led numerous direct and indirect tax advisory engagements in banking and financial services, gaming, real estate and family businesses. He has also led several tax due diligence engagements. Anthony is a member of the Executive Management Committee at KPMG Malta. He is also a visiting lecturer in taxation at the University of Malta.

Senior Manager, KPMG in Malta

Melissa joined KPMG in 2022, following a career in banking where she most recently headed the Economics and Research function of a local bank. Over the course of her career, she was responsible for a variety of assignments, including assessing the impact of economic developments on probability of defaults in relation to IFRS 9, a revenue impact assessment on the introduction of various bank charges, the ongoing statistical revaluation of the bank’s collateral property portfolio, and developing an in-house commercial property price index for the Maltese market. Melissa also has extensive experience in assessing the feasibility of projects in a variety of economic sectors, including proposals for residential and commercial developments, the acquisition of industrial plant and equipment, and projects in transport and logistics.

President, Malta Developers Association

Founder, J. Portelli Projects Malta

Joseph Portelli launched his first business venture in 1996 with the acquisition of a modest property in Gozo, setting the tone of things to come. His visionary approach to doing business, coupled with limitless passion and enthusiasm, firmly established his position as Malta’s leading visionary in the real estate sector. Portelli’s keen business acumen and interest in design enabled him to pioneer illustrious projects such as Hal-Saghtrija, Forum Residences and Mercury Towers to name a few. Today, Joseph Portelli runs diverse businesses interests across various sectors. Portelli’s hospitality portfolio also continues to flourish, most notably through Quaint Hotels, a popular boutique hotel chain among others.

Dean, Faculty for the Built Environment

Professor Alex Torpiano is an architect and structural engineer by profession, having studied in Malta, Imperial College under Sir Alan Harris, and the University of Bath under Sir Ted Happold. He has served as Dean of the Faculty for the Built Environment of the University of Malta for the last 14 years, and previously served as Head of the Department of Building and Civil Engineering, and later of the Department of Architecture and Urban Design. In the late 1980s, he set up the Institute for Masonry and Construction Research, which later became a Department of Conservation and Built Heritage in the same Faculty. In the University, he is a member of the Senate of the University, and of the Council of the University. He is currently also Executive President of Din l-Art Helwa, the National Trust of Malta. He has served as President of the local Chamber of Architects and Civil Engineers. He is a founding partner of a private architectural and structural engineering office, TBA periti, and has collaborated with Arup Associates, Ian Ritchie, Walter Hunziger, and Antonio Belvedere on projects in Malta. His specialisation is the structural restoration of masonry structures.

Minister of Public Works and Planning

Stefan Zrinzo Azzopardi is a Maltese politician. He serves as Minister of Public Works and Planning in Prime Minister Robert Abela’s cabinet. He was first elected Member of Parliament for the 5th Electoral District in 2017

Member Of Parliament

Warranted Mechanical Engineer with over 25 years of experience in various positions within a manufacturing environment. Currently Head of Procurement, sourcing production related material and managing supplier and supply chain. Head of Production for nine years managing and micro-scheduling four production areas equipped with various machinery and manned with approximately 280 employees of various skills and abilities. Running a Quality Department in the Manufacturing Industry for 2 years. Stanley is a Member of Standing Committee on the Environment, Climate Change and Development Planning.

Journalist, MaltaToday

James Debono is MaltaToday's chief reporter on environment, planning and land use issues, and one of the newspaper's main political analysts. Debono also heads Mediatoday's survey unit, which has conducted polls on all electoral appointments since 2008, correctly predicting the outcome of all elections and the 2011 divorce referendum. He read history and obtained his Masters' degree from the University of Malta, and in the past worked for TV production house Where's Everybody before joining MaltaToday in 2005. A co-founder of Moviment Graffitti and active in Moviment ghall-Ambjent, he served as a media officer for Alternattiva Demokratika - the Green Party.

Senior Manager

Rachel is a chemist and chartered environmentalist, having 16 years’ experience in sustainability. She joined KPMG in 2022 as Environmental, Social & Governance (ESG) lead, after having worked in both the environmental consultancy and regulatory sectors. Throughout her career, Rachel has worked with Government entities and companies in various sectors, including in construction, waste management, energy, and manufacturing. Her specialisations include climate change, environmental permitting, reporting, and auditing, as well as air quality monitoring and impact assessment. Rachel is also a skilled trainer and communicator, having lectured at various levels in academic settings, and published articles online and in print. At KPMG in Malta, Rachel leads the ESG function. She leads ESG projects and supports various teams in developing and delivering ESG services to clients, including by providing technical input and specialist advice. She also conducts internal and external training on ESG, and acts as ESG champion for the firm. Rachel also forms part of KPMG’s global ESG specialist resources and is the Climate and Net Zero lead for a sub-region of KPMG across Europe, the Middle East, and Africa.