How to Buy Real Estate in Malta

Whether you’re looking for a modern apartment, a traditional Maltese stone house, or a waterfront location for your yacht, buy real estate in Malta market has something for everyone. The islands’ charm and history are a draw for foreign investors, as well as locals seeking a tranquil escape.

The purchase process is fairly straightforward, though it can take three months or more to complete. A notary will perform searches to confirm the property has a legal title and to clear taxes owed by the seller. You’ll need to budget for stamp duty (5 percent), registration, notary charges, property searches, and legal fees (1.5 to 3 percent of the asking price). The buyer also pays a share of the agent’s commission, which is typically 5 percent.

Investing in Paradise: Why Malta is Your Real Estate Destination

Once you’ve found a property that meets your needs, the buyer and seller enter into a Preliminary Agreement (Konvenju) outlining a set of terms and conditions. This includes the price, a timeline for closing the deal, and structural inspections.

When buying a new construction, make sure to ask the developer for a copy of the building plan, and a guarantee that the builder has the necessary permits. In addition, it’s a good idea to have the property surveyed before finalizing the purchase. This is particularly important for older properties — especially those in rural areas and village locations — where hidden problems may be difficult to identify. An experienced solicitor can help find a suitable surveyor.

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