Last Friday, during a conference held at MIIP Offices, the Hon. Alexander Muscat, informed Accredited Agents that a new Programme will be launched soon thus replacing the existent one. Various changes are being proposed including : an increase in price of the property purchased (from €370K to €700K); an increase in the yearly rent (from €16K to €18K); removal of the qualifying investment currently at €150K; and two different options to apply namely the fast track at €750K to acquire Citizenship after 12 months and the second route application @ €600K achievement of Citizenship after three years. There will also be a capping and further reinforcement of the current due diligence practices. More news to follow in the next few days.