News
Not quite… In recent studies on rental prices over Europe, Malta was seen to be situated in the middle region of the list. As one of Europe’s fastest growing economy the Maltese property market has been on the rise. This is mainly thanks to the Individual Investor Programme (IIP), introduced in the November 2013 budget,…
As of 1 January 2019, the government introduced their new scheme worth €5 million with the aim of helping up to 1,800 families with low incomes in finding residential properties. This new residential scheme is part of the implementation of electoral and budgetary measures. This updated scheme aims to provide benefits in order to make…
Last month, Island Properties attended the Green Buildings 2020 conference. The ‘2020 package‘ discussed includes a set of required legislation in order to ensure that the EU nations meet their climate and energy targets for the year 2020. Within this ‘package’ are three key targets: 20% cut in greenhouse gas emissions, from those of 1990…
What does the 2019 budget have to say about property owners, first-time buyers, social housing and white paper on property? Fred Grech describes and summarises the statements. Those concerned about missing out on the first- or second-time buyers’ scheme will be revealed to hear that they have again been extended to cover 2019. First time…
Between 2-4th October 2018, Island Properties proudly formed a part of the vast number of participants at The Cityscape Global Conference at the Dubai World Trade Center, UAE. Cityscape Global is internationally acclaimed for being the largest and most influential real estate investment and development event for emerging markets. Together with a broad variety of…
According to a Knight Frank LLP Global House Price Index on the June quarter, Malta beats Hong Kong as the territory or country with the highest residential price gains. The study tracked price movements in the property market among 57 countries and compared data from the same quarter in 2017. Housing prices in Malta rose…
If you’re contemplating selling your rental property or even thinking of buying the property you’re currently renting out, the first question that may arise is often, “How much should I sell it for in order to have made an investment?” or “How much should I offer the owner in order to have placed a fair…
If you’re a non-resident interested in purchasing a property in Malta, there are a number of small, yet important requirements which non-residents need to comply with. Non-EU/Malta residents who wish to acquire property in Malta must obtain a permit for the acquisition of immovable property (AIP). This permit allows non-residents to purchase property in Malta,…
The Individual Investor Programme is designed to attract talented, enterprising and business-connected applicants to the Maltese Islands. This is the first citizenship programme in the European Union to be recognized by the European Commission. To apply, applicants must pass through a diligent process in order to ensure that only legitimate and trustworthy applicants acquire Maltese…
Elderly residents who live in social housing can now obtain a 20% discount on nursing home costs with the new government scheme. A new, voluntary scheme launched last Monday stated that social housing residents who choose to return their home to the state when moving into a nursing home will receive a 20% discount. Residents…