Buyers' Guide To Malta

The procedure of purchasing a property in Malta is one of the simplest in Europe:

Once you have seen the property you like and a verbal agreement on the price has been confirmed, a Preliminary Agreement is signed in the presence of a Notary Public. This agreement binds both parties to purchase /sell the immovable property under the terms and conditions agreed upon between the two parties. On signing of this agreement a deposit (normally around 10% of the purchase price) is paid by the purchaser to secure the sale.

The Preliminary Agreement is given a validity period which would be agreed to by the two parties (normally 3 months). During this time period the Notary Public engaged by the purchaser will do the necessary searches to confirm good title of the property in question and apply for any applications required by Government Authorities.

On signing of the Preliminary Agreement the purchaser is to pay 1% of the purchase price as part payment of the 5% stamp duty (one time purchase tax) that is to be paid on the Final Deed of Sale. This Preliminary Agreement will then be registered in the Government Registry.

When all necessary permits are issued and clear title has been proven by the selected Notary, then the Final Deed Of Sale may be entered into. At this stage the balance of the purchase price, balance of stamp duty (4% of purchase price), notary fees (approx 1%) plus legal expenses are paid. Vacant possession of the property is then given to the purchaser. Agency fees are normally paid by the vendor.

RECAP of fees:

  • Stamp Duty 5%
  • Notary Fees 1% (approx)
  • Searches and Registration Fees €250 (approx)
  • Ministry of Finance Fees €250 (approx)

Any non-resident, permanent or temporary resident are permitted to sell their property at any time and may repatriate their money in any currency.
Subject to status, mortgage facilities are available for non-Maltese Citizens and non-residents.

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