Belair Property is excited to announce the launch of Belair Property Ta’ Xbiex, our latest office situated along the Ta’ Xbiex Yacht Marina. “This new addition to the group led by Kevin Deguara, adds 11 seasoned sales agents, each with extensive knowledge and expertise within the real estate market. Belair Property Ta’ Xbiex is a […]
What’s New? The Malta budget 2022 for the local property market Tax incentive for ‘Older’ type properties and property in Urban Conservation Areas Malta Budget 2022 has introduced an interesting tax benefit for those looking to purchase property in Urban Conservation areas (UCA) and older type properties. This incentive seeks to encourage people to […]
Talk to the Team The first €400,000 of a property's value will continue to be subject to a lower rate of property tax until the end of the year, with the government having extended a measure first introduced last year. The government would be extending it to promises of sale finalised by the end [...]
How has the Maltese property market been reacting to the Covid-19 pandemic? by Ian Casolani 2020 has obviously been a surreal and challenging year for everyone, no matter what sector one works in, or walk of life they come from. Yet, when considering what Malta, as well as the rest of the world is […]
What you need to know: · With effect from 20 October 2020, first time buyers will be exempt from duty on the first €200,000, increased from €175,000. · The rate of duty on the acquisition of residential properties shall be reduced to 3.5% on the first €200,000 for second time buyers. · The rate of […]
A survey on the Maltese property market during Covid-19 shows that most people believe it will take over a year for the Maltese economy to recover and property prices will be affected. Increased affordability is what property buyers and renters have to look forward to in the coming months, according to a new survey released [...]
New Immovable Property fiscal measures – June 2020 The government announced temporary fiscal incentives for both property buyers and sellers, as part of a COVID-19 economic recovery package. This is effective as of 9th June 2020 until 1st April 2021: Vendors: All final deeds signed during this period, whereby 8% or 10% final withholding tax was […]
There are 5 main things to know about buying a Property in Malta. Every Country has these key factors which vary, some slightly and some a bit more. Here it’s pretty straight forward… if you listen to the right advice. Purchasing a home is exciting as much as it is frustrating, after all it […]
The beginning of great things is always the hardest, they say, and that is very true. Starting up a new real estate office is not a walk in the park. From taking the decision, to finding the right location, to the process of setting up and then finally open. Well, that is the easy part! […]
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