Discover Malta

An archipelago of islands

The Maltese Islands consist of three different islands, namely mainland Malta, Gozo, and the smaller island of Comino. With a population of approximately 450,000 inhabitants, the Maltese Islands are bustling with activity.

Investing in malta

Recent years have seen a surge of foreigners investing in property here in Malta. Supported by a booming economy and fast-growing population, the demand for property in Malta makes it one of the safest investments from a financial standpoint.

Thinking of investing in property?

Buying Property In Malta

Hiring a notary

The first step in purchasing property in Malta is to hire a notary public. He/she will lodge the Application for Immovable Property (AIP) on behalf of the buyer (if required) and assist in the buying process as well.

Promise of sale agreement

Once a property has been chosen, contact the seller or estate agent to make an offer. Upon acceptance, the notary will be responsible for drawing up a promise of sale agreement - also known as a konvenju or convenium. If the terms of contract have been settled by both parties, proceed with signing the document.

Upon signing of the promise of sale agreement, you will be required to pay 1% provisional stamp duty as part payment of the full 5% (the balance of which is due on signing of the final deed), and an agreed deposit, usually 10% of the agreed price for the property.

The promise of sale agreement is usually valid for three months. During this term, the notary would be engaged by the purchaser to carry out the necessary researches into the property to confirm that the vendor has a good title into the property and vacant possession, amongst other.

Final deed

When this has been accomplished, the notary will prepare the Final Deed for signing of both parties. The balance due on the selling price and stamp duty must be paid upon signing. This signals the conclusion of the sale and you my start enjoying your new home.

Looking to buy property in Malta?