Malta – First-Time Buyer Scheme (Key Points)

Description

Individuals purchasing their first residential property in Malta. Buyers who own only non-residential property (e.g., garages, land, commercial units) still qualify. Must be a natural person (not a company). 0% stamp duty on the first €200,000 of the property price. Any amount above €200,000 taxed at standard rates (5%). A €1,000 annual grant issued by the Housing Authority for 10 consecutive years. Now permanent and available for all qualifying FTBs. Government assists buyers with the 10% deposit required by banks. Eligible for properties valued up to €250,000. Applies to both finished and shell residential properties, including apartments, terraced houses, and maisonettes. Must involve a Promise of Sale (Konvenju) followed by a final deed. Property must be used as the main residence of the buyer. Benefits apply as long as the buyer has never owned or inherited a residential property before. Significantly reduces upfront buying costs. Makes homeownership accessible to younger adults and lower-income households. Offers strong long-term financial support with the 10-year grant. All rights reserved - Belair Property 2025