Hi Can anyone tell me is it easy to buy a property in Malta? I would be looking to spend between 90-100,000 Euro. Does anyone have any information the the process. Thanks
Buying an apartment in Qawra
ladyowl
19 March 2012 18:01:02
18
scubaboy
19 March 2012 18:23:48
872
Hiya Ladyowl,
I have purchased 2 properties so far in Malta and as long as you have a decent notary then there really isnt to much problems.
Normally have to pay Stamp duty and deposit on signing of the Konvenju (Promise of Sale) which works out about 10% and the Notary fees are about 1%.
Stamp duty is 5% in total.
If you need any further info them please PM me and i will try to help
Julian
ladyowl
19 March 2012 21:06:59
18
Hi Thank you for your response. Do you know a good notary?
georgeingozo
19 March 2012 23:53:19
3703
Are you an EU citizen ?
will it be your primary residence ?
I've PM'd you a link that covers the following
1. What property can I buy ?
2. what additional costs are there ?
3. what is the procedure ?
4. should I use a lawyer as well as a notary ?
5. Can I rent out my property ?
georgeingozo
19 March 2012 23:55:36
3703
scubaboy wrote:Stamp duty is 5% in total.
"In the case where the property being purchased is to be the main residence and no other property results to be under the name of the buyer in question, then the first €116,468.67 are subject to a discounted rate of 3.5%. The remaining balance will be subject to the normal rate of 5%. This concession is applicable only to EU citizens."
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