Frequently Asked Questions
The Second Time Buyers Scheme applies when a person sells their first property in order to acquire another residential property. The refund on stamp duty shall be of €3,000.
- Promise of Sale (also known as Preliminary Agreement or Konvenju in Maltese)
- Final Contract of Sale
- Ground rent (if any)
- Payment terms
- Any works to be undertaken by the owner
- Any extras included in the price, such as furniture
- Date of the final contract (usually 3 months after the Promise of Sale)
- Any additional terms
When buying property in Malta, the law requires that the seller presents an energy performance certificate to the buyer. This document informs the buyer about the energy performance of a building. Certificates are prepared by a qualified assessor who is registered with the Building Regulation Office. The certificate is valid for 10 years unless there are significant changes made to the building.
People who are residents with non-domicile status, with an income of €35,000 or more annually arising outside of Malta which is received in Malta, must pay a minimum of €5000 in tax. Regular tax rates apply to those with an income of less than €35,000 per year.
If an EU citizen is purchasing property in Malta as their primary residence, they do not need an AIP permit.
If an EU citizen has resided in Malta for more than 5 years, then they will not require an AIP permit.
If an EU citizen is purchasing property in Malta as a second home (and therefore not as a primary residence), then they will require an AIP permit, unless they have resided in Malta for more than 5 years.
The minimum property values are:
- Flat/Maisonette: €136,972
- Any other property: €236,582
These values were updated in August 2020, however, they may change according to the Property Price Index.
A fee of €233 is charged per permit.
The permit is usually issued within 35 days.
- City Centre, St Julian’s, Malta
- Southridge, Mellieha, Malta
- Portomaso Development, St. Julians, Malta
- Tigné Point, Tigné, Malta
- Tas-Sellum Residence, Mellieha, Malta
- Madliena Village Complex, Malta
- Shoreline & SmartCity, Malta
- Fort Cambridge Zone, Tignè, Malta
- Ta’ Monita Residence, Marsascala, Malta
- Pendergardens, St. Julians, Malta
- St Angelo Mansions, Vittoriosa
- Vista Point, Marsalforn, Gozo
- Fort Chambray, Ghajnsielem, Gozo
- Kempinski Residences, San Lawrenz, Gozo
- Stamp duty 5%*
- Notarial fee around 1%
- Searches (the cost of searches varies on a case-by-case basis)
- AIP (where applicable) €233 plus professional fees for an accountant, auditor, lawyer, etc.
- Recognition fee equivalent to one year’s ground rent (only applicable to properties subject to ground rent)
*Some reductions may apply depending on the purpose of the purchase.