During its annual general meeting held recently at The Exchange in Valletta, the Federation of Estate Agents reconfirmed Trafford Busuttil as president for 2008. Addressing the members, Mr Busuttil thanked the council for their hard work and dedication in 2007 and gave a detailed overview of the work carried out during the year. He stressed that 2007 was a year full of achievements and challenges, the main one being the misinterpretation of the number of vacant properties available on the market.

Mr Busuttil said the federation is carrying out a detailed study on the figures published by the NSO and will be publishing its findings later on this year. “When one looks at a detailed breakdown of the number of vacant property on a town by town basis and deducts a number of issues, the number of available property is far lower than that being bandied about by certain observers,” he added.

During his speech, Mr Busuttil highlighted a number of areas that the federation will be actively working on in 2008.

Apart from Mr Busuttil’s appointment as president, a new council was appointed during the AGM. Joseph Sullivan was appointed vice-president, Manjri Borg Bindra retained her post as secretary, and Ian Casolani, Douglas Salt, Joseph Mercieca and Stephen Sant Fournier were appointed members.