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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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…
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”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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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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Top Expat Destination 2015 As per yearly tradition, InterNations, Expatriates Insider survey asked 14,400 Expats around the world about their life abroad. The results show that Ecuador tops the rankings, with Mexico occupying runners up spot. Malta was judged to be the third best place to live in with Singapore and Luxembourg ranked fourth and…
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First time buyers scheme Once again, the Maltese government has extended the first time buyers scheme for a further 6 months. The scheme allows the buyer to a stamp duty exemption on the first €150,000 of the value of the immovable property. This scheme, first introduced in 2014, was meant to close in June 2015;…
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Bricks and mortar have always been one of the strongest investment classes, even more so when planning long term. Here’s why you should invest in property: Invest in Property – It’s safe (as houses) The well known phrase, ‘ safe as houses’ was coined for a reason, and it can’t be truer. According to…
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