In the first six months since launching Malta’s Nomad Residency Program in June 2021, Residency Malta has processed 180 applications granting temporary residence for nomads to work remotely from Malta.
In the first six months since launching Malta’s Nomad Residency Program in June 2021, Residency Malta has processed 180 applications granting temporary residence for nomads to work remotely from Malta.
In 2021, Malta’s real estate market boomed way beyond previous records with no less than 14,319 final deeds of sale signed, amounting to €3.1 billion. That is €1 billion more than in the previous year and €550 million higher than in 2018, when the previously highest record was set.
Citizen Investment Schemes first launched in 2014 have earned Malta €1.7 billion from applicants that have been granted Maltese citizenship.
A delegation of more than sixty entrepreneurs including property developers, estate agents and financial consultants, working in real estate investments, was welcomed on the Malta Pavilion at Expo 2020 in Dubai by Malta Enterprise.
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.