Tax reduction scheme on property transfers extended to June 2023
The scheme provides for a reduced tax and stamp duty rate of 5 per cent and 1.5 per cent on the first €400,000 of a property’s value
Stamp duty in Malta & Gozo reduced to 1.5%
Stamp duty in Malta and Gozo has been reduced to 1.5% until March 2021 in order to help boost the economy following the impact of COVID-19
No significant changes in the price of property
Property sales remain “encouraging”, according to real estate agencies, putting paid to prospects of major drops in post-COVID-19 prices and pointing only to “more realistic” corrections so far. It is early days for analysis, they agree, but no significant changes have been noted in prices despite the million-dollar question being asked in view of the […]
Regulation of the Real Estate Industry
Government has put forward legislation to license real estate agents, real estate brokers, and property consultants. The proposed legal framework brings about much-needed regulation in the sector, Parliamentary Secretary Chris Agius said. Licences issued under the new act will be valid for five years, with holders then expected to undergo further training to have it renewed. Persons who carry […]
Budget 2019 and Property
Extension of stamp duty reductions for property purchases in Gozo and UCA (Urban Conservation Areas) The reduction in stamp duty, from 5% to 2%, introduced in previous years in respect of property acquired in Gozo and also property acquired in Urban Conservation Areas is being extended for another year, provided Contracts of Acquisition complete by […]
New Helicopter Service
A new helicopter service between Malta and Gozo allows people to reach every point on the two islands in just 10 minutes. Operated by HeliFly Limited, the idea of launching the service came from Italian lawyer Elio Blasio who has been living in Malta together with his family for over a year. Before becoming a […]
Property prices increase
Property recovers to pre-crisis highs Prices up 4.7% in 2016 Property prices in 2016 grew by 4.7% compared to the previous year, recovering to the pre-crisis peak, according to a report issued today by the Central Bank of Malta. However, the CBM said there was no cause for alarm about affordabilityas the ratio between the […]
A boutique island
Gozo is increasingly being described as a ’boutique’ island: just as a boutique hotel is small but perfectly formed, underpinned with character and class, individual style and quaintly intimate in setting, so is this island, this small sparkling gem of a place which offers so much to those who make it their home. The smaller […]
Stamp duty reduced to 2%
Reduction of Stamp duty to 2% for property purchase in Gozo
Malta is second best place in the world
Malta is (almost) the best place in the world for foreigners, says Expat Insider Few places keep expats happier than Malta. Malta has been ranked as the second-best place in the world for foreigners to live by an industry survey of more than 14,000 respondents. And while Taiwan was considered the better overall bet, the […]
Maintaining the momentum
Property sales in Malta increased by 24% in 2015, compared to 2014 A positive outlook on the real estate market in Malta is not only perceived by the public. It has been confirmed by a recent study which Remax Malta commissioned through the Insight OmniBus Research initiative – a quantitative study carried out by means […]
Property in Malta: what’s next?
From the dawn of civilisation, humans have sought dwelling spaces to meet one of their most primordial needs: shelter. Yet over time, property came to stand for other socio-economic needs, such as power and status. Some have turned it into a business venture, while others use it to store wealth or as an investment. This […]
Rising property prices in Malta
Maltese property prices rose 10.03% (8.53% inflation-adjusted) during the year to Q4 2015, according the Central Bank of Malta (CBM). During the latest quarter, property prices increased by 5.92% (8.86% inflation-adjusted) in Q4 2015.The price hikes were felt across all property types: Apartments saw a 7.32% nominal price increase over the year to Q4 2015, or 5.85% […]
Regulation of Real Estate Agencies
Regulation of the Real Estate Industry in Malta
Malta seen among top places to retire for Americans
Malta seen among top places to retire for Americans Malta has featured sixth in the index of the best places to retire for Americans, compiled by Forbes/International Living. The Annual Global Retirement Index uses input from a team of correspondents and data on climate, health care, cost of living, and other factors, such as ‘fitting […]
Maltese Citizenship Scheme 2015
Malta’s citizenship-by-investment programme has raised over €1 billion in capital since its launch about 18 months ago and it is the world’s most successful programme of its kind, Henley and Partners, the main operator of the programme said this week. “Malta, the EU country which runs the world’s most successful citizenship-by-investment programme with over €1 billion […]
Malta seen among top places to retire for Americans
Malta has featured sixth in the index of the best places to retire for Americans, compiled by Forbes/International Living. The Annual Global Retirement Index uses input from a team of correspondents and data on climate, health care, cost of living, and other factors, such as ‘fitting in’ where Malta scores a top 100 points. Malta […]
The Worlds Best Places to Retire – 2015
he Worlds Best Places to Retire – 2015 Malta—The Mediterranean’s Hidden Treasure MALTA Placed 6th according to International Living’s Global Retirement Index in January this year. It scored top marks for Fitting in and is shortlisted separately under the title Four best places to fit in. Sitting right at the heart of the Mediterranean, Malta […]