Malta Property News

Budget 2020 Island Properties

Budget 2020 and its implications for the Property Sector

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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Five of the most popular furniture styles Island Properties

Five of the Most Popular Furniture Styles

Do you have a soft spot for furniture, but also have some doubts about which style is right for you? Not to worry. Here’s a list of the most popular furniture styles which will send you in the right direction. 1. Modern Modernity is a concept which includes a precise style that aims to propose…

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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

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

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

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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konvenju explained malta island properties

The ‘Konvenju’ Explained

In Malta, when a purchaser has decided on a property and the price has been verbally agreed, a legally binding agreement is drawn up by a Notary where both parties meet and sign it. This is known as the ‘Konvenju’ and is often referred to as a Promise of Sale or Preliminary Agreement. It is…

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HSBC Real Estate Malta Island Properties

HSBC’s Discussion on Residential Real Estate

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?

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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Apartment Sharing Services

The Hospitality Service – Apartment Sharing in Malta

At Island Properties, we’re now offering apartment sharing services to our clientele. The apartment sharing service aims to tackle the hectic Maltese property market. With the prices of one bedroom apartments in centrally or metropolitan located areas reaching new heights annually, finding an apartment close to work, school, and other amenities may be daunting. Therefore,…

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