Property News

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 end of 2019. Extension of

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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 lawyer, Dr Blasio was flight

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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 median house price and households’

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Stamp duty reduced to 2%

The Budget for 2017 announced in October 2016 has included a number of provisions which are of direct benefit to Gozo Property Sales and Rentals Stamp duty reduction on Gozo properties Stamp duty paid on residential property in Gozo has been reduced from 5% to 2%. This applies to all those who complete the acquisition of residential property in Gozo

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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 survey found that nowhere topped

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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 of a survey using a

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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 is also the case in

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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% when adjusted for inflation. Terrace

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Regulation of Real Estate Agencies

Regulation of Real Estate Agencies White Paper about property code and regulations for Malta Parliamentary Secretary Jose Herrera last week announced, while addressing a conference, the launch of a White Paper which will lead to a legal framework that will establish a code of practice for real estate agents. The White Paper will assess the need to have a responsible

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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 in’ where Malta scores a

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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 in capital raised since its

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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 also performs strongly because of

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