How Malta’s cash-for-passports scheme is creating a property bubble

Valletta

A Maltese scheme granting EU citizenship to overseas investors has sparked a development boom, but not one that many locals welcome.

Yet, other than a small amount of coverage in the local press, the corruption allegations were not widely picked up by the media. Why?

“Because it was published the day my mother was murdered,” says Caruana Galizia simply.

Matthew is the son of Daphne Caruana Galizia, the Maltese journalist killed by a car bomb almost exactly two years ago.

Following her assassination, he decided to return to his home country having spent years working overseas.

This summer, he took Property Week on a guided tour of Malta to show the effect of a residential construction boom described by some as the ‘Dubai-ification’ of the island – and to talk about the controversial policies he believes are driving it.

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