All Posts in Category: News

Estate Agents Section

Island Properties joins the Estate Agents Section

What is the Estate Agents Section? Last February, Island Properties joined a team of around 70 other local estate agent offices to form the Estate Agents Section (EAS) within the Malta Developers’ Association (MDA). This new division, formed by the MDA, aims to bring together all those who operate an estate, letting or managerial agency…

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Introduction of Property Restoration Grant

”Nikru biex Nassistu” (Rent & Aid) Property Scheme The introduction of a new property restoration grant has been issued by the Malta Housing Authority, with scheme involving the restoration of unused and abandoned buildings. Housing Parliamentary Secretary Roderick Galdes spoke about how this scheme will encourage property owners, that own such properties, to work on their…

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Bank Of Valletta BOV

BOV Home Assist

BOV Home Assist New ‘BOV Home Assist’ loan scheme to further increase the number of eligible applicants. The Parliamentary Secretariat for Social Accommodation in conjunction with Bank of Valletta (BOV) have launched an affordable home loan scheme, the second of its kind after APS launched a similar one in April 2017. This Scheme was set…

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Restoration of Properties in Malta Banner

Restoration of Properties in Malta

The Maltese Government has put into action the scheme set out by the Ministry of Justice & Local Government, to restore various properties around the Maltese islands. Local Councils were asked to propose sites in need of restoration, of which they produced 25 different sites. Out of these 25 submissions, 6 of them have been…

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Budget 2018 Banner

Malta Budget 2018 at a Glance

Government pushes to improve supply and quality of housing The 2018 Budget gave special attention to the housing and rental markets, with numerous incentives put in place to bolster supply and increase efficiency. The first-time buyers’ scheme has been extended yet again – those who are buying a property for the first time will benefit…

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The Construction Industry in Malta Banner

The Construction Industry in Malta

A study was conducted and issued today by KPMG focusing on the Construction Industry in Malta. This was commissioned by the Malta Developers Association due to the lack of public records/data available. It focuses on the industry’s effect on various aspects, such as social and economic, and also how it could affect trends in property…

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Social Housing 2017

Social Housing Scheme

The lack of Social Housing in Malta is being tackled head on by Parliamentary Secretary for Housing Roderick Galdes with new schemes and investments in the pipe-line. Malita Investments plc, an investment company with the government as the major shareholder, closed a €53 million loan deal with two foreign banks for the construction of a…

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#Zibel at Fomm Ir-Rih Clean Up

Last Sunday we were happy to support and participate in the first #Zibel clean up which was of Fomm ir-Rih. #Zibel is a community of people with one goal – clearing up Malta’s natural areas from pollution so we can appreciate the true beauty of our island. The movement was initiated by Sam Degaetano and…

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Malta Budget 2017

Malta Budget 2017 at a Glance

First-time buyers’ scheme extended The first-time buyers’ scheme has been extended to acquisitions made for the year 2017. The scheme allows individuals who are buying their first residential property to benefit from a 3.5 per cent stamp duty exemption on the first €150,000 paid. First-time buyers of properties exceeding €150,000 will only pay a 5…

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Maltese Expats

The Expats Have Spoken: Malta Is The #2 Destination In The World.

Ask any Maltese person why living in Malta is so fantastic and they’ll easily name a couple of things off the top of their head. Our pride in our country is clearly evident and our reputation for being friendly, generous, and hospitable is a strong part of our national identity. However, is this just public…

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