During the past years, the property sector in Malta and Gozo has seen unprecedented results. Numerous factors have helped so that this sector obtained such results.
During the past years, the property sector in Malta and Gozo has seen unprecedented results. Numerous factors have helped so that this sector obtained such results.
First-time buyers will be eligible for a €15,000 grant when buying any property in the urban conservation area (UCA).
UCAs are designated areas in village cores which are given additional protection from development in terms of building heights and are generally protected from demolition works.
Despite global disruption brought about by the pandemic, Malta’s economy fared relatively well during the past year. In 2022, Malta’s real GDP is expected to grow by 6.5%. The growth for 2023 is forecast to reach 4.7% and 4.5% for 2024. In August 2021, Malta’s unemployment rate stood at 3.2%, compared to 3.6% in 2019 […]
Paul Cocks spoke to Steve Stivala about the visible trends in the construction and property industry and property market in Malta.
Malta’s Duty on Documents and Transfers Act provides several schemes allowing for the reduction in duty on the acquisition of immovable property. These are some schemes available:• The First-time buyer scheme• The Second-time buyer scheme• The Gozo Property Scheme• The Urban Conservation Area Property Scheme• The Transfer of Family Business Scheme Additionally, currently both sellers […]
The law is quite straight forward, where it will become mandatory that all those who work in the sector must have a valid licence come 1st January 2022. The date chosen of when the law comes into force was chosen after we were certain that we have enough fully licensed training institutions which could offer the necessary courses.
Operators in the Real Estate and Construction sector are invited to join a high level delegation from Property Malta in Dubai from the 5th to the 10th of Novermber 2021.
Packed with insightful information, statistics and best practices related to the property sector, the first installment in a series of the bi-monthly publications, published by Property Malta in collaboration with Malta Today newspaper, is out now and can be downloaded here. This series is intended to showcase some of the past work of the Foundation, […]
Enterprises operating in the real estate sales sector can benefit from a new Co-Financing Scheme launched today by Parliamentary Secretary for Lands and Construction Hon. Chris Agius and the President of Property Malta Foundation, Sandro Chetcuti.
Malta hosts a thriving community of entrepreneurial digital expats coming from other EU countries, who come to make the most of what the country has to offer in terms of climate, lifestyle and networking opportunities with like-minded people, adding more value to this growing community.