New Gozo buildings must have stone facades, PA says in new circular
The Planning Authority (PA) has issued a circular for architects announcing a new requirement for all new buildings in Gozo to have limestone facades, it said in a statement on Wednesday. It said that this was part of its effort to preserve, enhance and promote the unique spatial characteristics of Gozo, that make it distinct […]
Change is needed now in Gozo
The Gozo Regional Development Authority (GRDA) in the past months launched a new 10-year regional development strategy for Gozo. This strategy is being welcomed by the Għal Għawdex forum. The opening theme of this strategy, ‘An Island of Villages’, states: “Gozo has distinctive characteristics both physical as well as social, that form part of Gozo’s […]
Gozo forum: We did not want stamp duty incentive removed for all property sales
Għal Għawdex says incentive should only end for apartment block developments A group of Gozitan organisations is urging the government to limit the increase in the stamp duty paid on Gozo properties to new builds. Last week, Times of Malta reported that a budget pledge to raise the stamp duty paid on Gozo properties outside of […]
Budget to remove tax incentive on Gozo properties
The government will remove a tax incentive for property purchases in Gozo in Monday’s Budget, in a bid to slow down the construction frenzy on the island. The move could provide rare reprieve for an island which has been facing relentless construction projects in the last number of years, sparking protests among Gozitan residents and […]
Property prices rise most in Gozo as its stock also increases
25,000 apartments up for sale on Malta and Gozo’s market in last quarter Properties in Gozo showed the largest increase in asking price across the entire country in the last quarter of 2022 while the stock of properties on that island also rose, a report from Djar and EY reveals. The average asking price in […]
Gozo came out top for property sales in August
Property deeds overall saw a 13% increase from 2021 A total 1,228 final deeds of sale relating to residential property were registered in August, 58 more than a year earlier, according to the National Statistics Office (NSO). The value of the deeds registered in August totalled €280.1 million, 13.1% more than the corresponding value recorded […]
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
Most property deals in February were for residences in Gozo
A total 1,050 residential property deals were signed in February, 66 more than in the same month last year, the National Statistics Office said. Most were for property in Gozo. In the same month, 967 promise of sale agreements were signed, 383 fewer than in the same month last year. The NSO said that the […]
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 […]