1.1 Can you buy property in Malta as a foreigner?
1.2 What is a ‘Konvenju’?
A ‘Konvenju’ or promise and deed for sale involves an agreement which binds the seller and purchaser to conclude the sale within a stipulated time frame. Lear more in detail about the konvenju before buying Malta and Gozo real estate.
1.3 Are there any government subsidies for first time buyers in Malta?
According to the latest budget, first-time buyers purchasing Malta real estate can benefit from a lower tax rate for the first € 200,000 of the property cost. Learn more about the government schemes first-time buyers in Malta may benefit.
1.4 What are the extra expenses when buying a property for sale in Malta?
Before purchasing a property for sale in Malta or Gozo, it is important to know of any extra costs that you may face. Learn more about such costs before buying your future home.
1.5 What is a sanction letter?
Only in the case of a bank loan is a sanction letter issued. When a sanction letter is provided, it indicates that the notary may continue with the study and that the loan will most likely be approved. Learn more about the bank loans available on the Maltese islands for those looking to buy real estate in Malta.
2.1 How to list a property with JK Properties?
2.2 What are the steps of selling a property in Malta?
The process of selling a property in Malta involves six simple steps. Learn more how to sell a property in Malta by visiting one of our articles about the process of selling a property in Malta.
2.3 How do you calculate the value of your property?
Knowing the value of your property before listing it on the property market is very important. Our estate agents have all the current market trends and can value your property on site with ease. Visit the ‘Property Valuation‘ page under ‘Selling’ and get your property valued today.
2.4 How can you increase the value of your property to earn more when selling?
Increasing the value of your property can help you earn more money from your investment. Learn more about how you may increase the value of your property and increase your profits.
2.5 Is there any property tax when selling my property?
Yes, a general 8% tax is applicable when selling any type of property type in Malta and Gozo.
3.1 What is the difference between short let and long let in Malta?
Short lets are defined as a property for rent when rented for less than six months. On the other hand, long lets are defined as anything more than six months. Learn more in detail about the different between short-let and long-lets in Malta.
3.2 When will I be able to move into my rental property in Malta?
This mainly depends on the landlord and on the state of the rental property. If it is in good condition and vacant, then you will be able to move in right away.
3.3 Can I make modifications to my rental property?
This is mostly determined by the landlord and the condition of the property. You will able to move in straight away if it is in good condition and unoccupied.
3.4 What happens when I want to terminate my lease early?
Most tenancy agreements include what is known as a break clause. However, if you need to end your lease early, you can call your rental agency, who will handle the problem with the landlord. Read more what happens if you terminate your lease early.
3.5 What are JK Properties agent fees?
At JK Properties, our Malta property agent fees amount. to 50% of the first month’s rent.
4.1 Is it better to buy or rent commercial property in Malta
For small businesses, it is preferable to rent commercial property if the financial capital is not sufficient. however, for larger companies, it is preferable to buy commercial property as the business is more dependent.
4.2 Is it possible to establish a foreign company in Malta?
Yes, it is possible but it will be necessary to have a registered office and a local registration. Also, EU nationals must prove that they have been resident in Malta for at least 5 years or obtain a specific permit if this condition is not met. Read more about the commercial property types available on the market.
4.3 What are the extra costs to acquire a commercial property as a professional?
In addition to the cost of acquiring the business premises (buying commercial Malta real estate), the entrepreneur must plan for notary fees, property insurance, property taxes and maintenance work.
4.4 Which is the best commercial property size to choose for renting an office?
Office space needed from which you can operate your business in Malta, mainly depends on how big your business is. However, offices available for sale or rent in Malta or Gozo usually consist of an open space, count about 7m2 per person, for closed offices, count 12.5 m2 for this surface, for a meeting room, count about 2m2 per person. Finally, the common areas should not be neglected, they represent about 20% of the total surface of your offices.
4.5 What are the most attractive areas to buy an office in Malta?
St Julian’s, Sliema and Valletta are the most attractive areas but also the most expensive in terms of commercial real estate. However, it should be considered that these are the busiest areas, hence, offer the most value.
5. Property Investment
5.1 What are the advantages of buying a property in an SDA?
The biggest advantages are that no permits are required to purchase property in Special Designated Areas and there are far fewer taxes in these areas.
5.2 What is an MIIP?
The Malta Individual Investor Programme (MIIP) s a personal investment program that allows a foreign investors to obtain Maltese citizenship through investment in Malta real estate. Personal income from Malta real estate is taxed up to 35%.
5.3 What benefits does the GRP bring?
The Global Residence Programme (GRP) allows non-Europeans to have their main residences in Malta if they invest in Malta real estate and they will then get a 15% rate on their income generated outside Malta.
5.4 Why invest in commercial property in Malta?
In our country, there are no commercial and residential property taxes and therefore offers more attractive prices. Read more about buying property in Malta as a foreigner.
5.5 What are the most attractive areas for commercial investment?
Marsa, Qormi or the industrial zones are perfect for investing in an industrial business like manufacturing, storage facilities and many. However, for businesses requiring visibility or require an office, property for sale or rent in St Julian’s, Sliema and Valletta are more ideal.