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All Posts in Category: News

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Post COVID-19 Malta Mini Budget 2020

Post COVID-19 Malta Mini Budget

By

Heidi Micallef

Posted in News On Jun 10, 2020

On Friday 8th June, the Maltese government unveiled a multi-million post COVID-19 mini budget which saw several incentives to both buyers and sellers, in the recent announcement of the sorely awaited for government measures to assist both buyers and sellers in this sphere. The newly introduced measures will help stimulate the property market and those…

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Corona virus COVID-19 island properties

COVID-19

By

Amy Zammit

Posted in News On Apr 06, 2020

The impact of COVID-19 on the world has been biblical to say the least. In the span of just a few months, normal life has been totally forgotten as the world tries to control the global pandemic. In all of this, Malta has arguably been the best at dealing with the virus. This, however, has…

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Budget 2020 Island Properties

Budget 2020 and its implications for the Property Sector

By

Amy Zammit

Posted in News On Oct 15, 2019

On the 14th October 2019, the Minister for Finance, Edward Scicluna presented the Budget for 2020. Amongst other sectors, the Budget included several property-related measures.  Stamp duty exemption for first-time buyers The stamp duty exemption for first-time homebuyers has been raised to apply to the first €175,000 of a property, in contrast to the previous…

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The Estate Agents Section's Response to the Proposed Rental Reform

The Estate Agents Section’s Response to the Proposed Rental Reform

By

Amy Zammit

Posted in News On Sep 27, 2019

Following a briefing by legal experts regarding the proposed rental reform during an information session organised by the Estate Agents Section (EAS), members of the Malta Developers Association Landlords Section found that both themselves and their tenants will end up being worse off. Due to this, the EAS has contributed further to the debate over…

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Proposed Rental Reform to be Active by January 2020 Island Properties

Proposed Rental Reform to be Active by January 2020

By

Amy Zammit

Posted in News On Sep 02, 2019

As of January 2020, a list of newly proposed rental regulations, which aim to seek stability in the sector, will be enforced. Prime Minister, Joseph Muscat announced a minimum period of one year, the introduction of minimum notice periods for landlords and tenants, and obligatory contract registration amongst other improvements, as a few reforms to…

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Island Properties: Creating a Solution for the Maltese Property Market

By

Amy Zammit

Posted in News On Jul 08, 2019

Co-founder of Island Properties, Cecil McCarthy sat down with iGaming Times to discuss the Maltese property market, together with its issues and a solution. Due to the mass migration of foreign industry to Malta over the last decade, the local property market has seen both a boom and inflation. Because of this, the value of…

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Equity Sharing Scheme APS Bank Island Properties

Equity Sharing Scheme to aid individuals over 40 years old become home owners

By

Amy Zammit

Posted in News On May 23, 2019

The government, together with APS Bank, have launched a new scheme in order to aid persons over the age of 40 in becoming homeowners. The Equity Sharing Scheme is a proposed measure from the 2019 budget which aims to provide affordable housing for those applicants who have a limited amount of assets and are unable…

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HSBC Real Estate Malta Island Properties

HSBC’s Discussion on Residential Real Estate

By

Amy Zammit

Posted in News On May 10, 2019

On 6th May 2019, HSBC invited Island Properties to attend their annual networking event for real estate agents. HSBC’s Head of Retail Banking and Wealth Management, Daniel Robinson began by explaining the changes that the bank has experienced over the past year. He stated that over the past year, HSBC’s improved products have lead to…

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Are Malta’s Living Costs the Same as London?

By

Amy Zammit

Posted in News On Mar 26, 2019

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,…

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Housing Benefit Scheme Island Properties

The New Housing Benefit Scheme

By

Amy Zammit

Posted in News On Feb 07, 2019

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…

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