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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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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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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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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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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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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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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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…
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This year, Island Properties are collecting non perishable food items to lend a hand to families in need. Last year, ‘Help feed a family this Christmas‘ collected enough food to feed 500 families across Malta and Gozo and this year, they’re back again and setting the bar even higher! Here’s how you can help! To…
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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…
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