house purchase prices - experiences sought

Last activity 12 September 2014 by scubaboy

991 Views

2 replies

Post new topic

brayster99Active member07 September 2014 15:15:13

Hi All,

I am looking to buy a house in Malta and would like to repeat Kiwi Dans request for info. As I understand it;

- there is no published info on house prices (mouse price etc)
- sold prices are about 70% of asking price
- asking prices are a bit random.

Could those that have bought here please share some info, anecdotes and most importantly percentage difference between asking and purchase price,

thanks,

GuestPoster563Guest07 September 2014 17:40:38

214245

Hello,
We have bought three times in Sliema. Never managed to get the price down but did get manage to get extras, eg first apartment was a shell so we asked for doors and bathrooms to be put in for no extra cost and they were! We even chose them all.
Second one was 10,000 cheaper with one estate agent than the others so went for the cheapest, obviously!
Third one we asked for all the furniture and appliances to be included in price as we sold ours with previous apartment. The notary declared that 14,000 of the total paid was for the furniture and appliances etc so tax was not payable on that bit.

That's our experience.
Hope it helps. 😄

scubaboySerial expat12 September 2014 10:51:32

872

Hiya Brayster,

Similar experience, first property we managed to reduce by about 10K but there were no estate agents involved and it was a cash deal, the second property we managed to reduce the price a little, but got them to put the appliances in the price, therefore again the Notary managed to put approx 15K as ancillaries, thus reducing the tax also.

If you need to transfer funds from abroad to here then PM me as I can help there.

Julian

Articles to help you in your expat project in Malta

How to drive in Malta
Malta is a relatively small island measuring only 27km long and 14,5km wide, so it seems on paper to be very ...
Finding work in Gozo
If you are planning to live in Malta, why not settle and work in Gozo? Although it is quieter than the main island ...
Resident and work permit for Malta
Getting a resident card and a work permit in Malta is an essential step for any expat. Living in Malta does ...
Accidents and emergencies in Malta
A stay abroad is usually associated with great memories. However, it could happen that an accident or emergency ...
Accommodation in Malta
As an expat in Malta, one of the first steps is to find accommodation. Malta has a quickly and continuously ...
Phones and internet in Malta
Despite being a small archipelago, Malta hosts a very advanced telecommunications network. If you are ...
Finding work in Malta
Malta is world famous for its postcard-worthy beaches and beautiful landscapes. Indeed, this tiny island nation ...
Pregnancy in Malta
As an expat in Malta, you will experience some important life events, such as pregnancy. As an expectant mother, ...