Guide for First Time Buyers in Malta

Many people consider the decision to purchase property - one of the biggest decisions one will make. This is hardly surprising when you consider the responsibilities that come with this decision. One needs to be aware of the process of purchasing a property, the expenses and charges involved, and what methods would simplify their buying process - even more so when it’s the case when a first-time buyer is purchasing a property.

Confirm Your Budget

It is important to have a budget in mind before searching for first properties in Malta or Gozo. Several people have borrowed funds in order to finance their purchase. If this is the case, the bank is able to give you an indication of your borrowing limit based on your salary, factoring in other expenses you may already be committed to. Remember that this is only an indication so be sure to search for properties priced below this figure. Ask your specialised first-time buyer agent to show you properties below and above with space to negotiate to your threshold. It may be prudent to deduct costs of other items, such as furnishings, notary fees and so on so that you have a more accurate figure. It is recommended that you visit your local bank and confirm the amount the bank will be able to borrow you. If you are buying a property with your partner, you will be in a position to combine the joint income. Read this page for more specifics on home loans in Malta.

Property Needs, Wish List and Searching

Once you have a budget in mind, you can start hunting for a property. To simplify things, we would suggest you make a list of needs and a wish list and follow that up by going online and searching for your minimum requirements. You will eventually narrow this down to properties you’d like to view. The next step would be to contact the RE/MAX Malta real estate agent and schedule viewings for the same or next day. Several people opt to work with a real estate agent for the simple reason that this scheduling is undertaken by them. Aside from this, a real estate agent will accompany you on your visit to the properties and will have the market knowledge when the time comes to haggling the price or negotiating any specific terms.

Make sure you mark the properties you like and remove the ones that didn’t meet your expectations. Ensure you thoroughly inspect the property – any defects or lack of maintenance may allow you to negotiate in property price. Along the way, you will start to understand what type of property you may achieve in purchasing and may start adding those items from your wish list to your search. You will start asking your self questions like “What if I were to purchase a property with heated floors? Would it break the bank? This scenario will be a trial and error until you find the compromise between your needs and wants. It is confirmed through a recent Real Estate Insights report in 2015 that buyers take on average of four months to find their property so if you fall within this category you will have found your first property in Malta before you know it.

Signing your First Promise of Sale

Once you have found your ideal property, you can make an offer. Check how much similar properties are selling for in the area before proposing a price. Should the vendor agree, remember that the agreement is - so far - verbal, and despite being given in good-faith, it is non-committal. Once you have agreed on a price, a date is set for signing of the Promise of Sale (“Konvenju�?).

Drafted up by a notary, this is a contract between the buyer and seller where several terms and conditions are laid out in writing. The contract may be subject to several conditions; for example, the seller may need to finalise certain details or jobs in relation to the property; as the purchaser, you may wish to have the property evaluated by an architect for any structural defects and may only purchase the property should it be of sound structure. Other conditions could be related to the permit of the property or that you actually manage to secure financing for the property. In only certain cases may a promise of sale be extended provided that both parties agree.

The contract would also include a date for signing of Final Deed, and such date would serve as a deadline for both parties. For the purpose of the Promise of Sale, the notary represents the government and is impartial between both parties. Once the Promise of Sale has been signed, you will be asked to pay a deposit (usually 10%) to the seller, and a further 1% provisional stamp duty to the notary. A copy of the contract is then given to both you and the seller. The notary would then need a further 6 weeks to carry out searches on the property – verifying the legal title, ensuring there are no loans taken against said property, and that the vendor is able to sell the property.

Signing the Contract

Should all the conditions written in the Promise of Sale be satisfied, the parties then meet to sign the Final Deed. This would be read out by the notary and again signed by both parties. At this stage, you will need to pay all pending balances - including the remaining balance on the property, the remaining balance on stamp duty (presently only 5% above EUR 150, 000 up until end of Dec 2016) and 1% fees to the Notary Public. The contract is then registered at the Public registry, and the keys to the property are handed over to you – a proud home-owner. Your next headache is moving all your personal items to your home!

The process of property-hunting may take anything from one week to several months, and is dependent on your urgency to find a property. Should you be in a hurry, or are planning ahead of time it is important to bear in mind that property searches and signing of contracts take an average of three to six months’. Feel free to contact us so we can be part of your planning process.

Why Choose RE/MAX for Your First Property

At RE/MAX Malta, the first time buyer market is just one of the real estate markets that we have specialised real estate agents working with customers on a daily basis. Our know-how of the market, comprehensive database of properties and reach of twenty-two offices and over 250 estate agents located around the Malta and Gozo will surely be an asset to your property search.

Each office of ours has a number of fully qualified first-time buyer sales associates available to attend to your call. You will find that our associates are very professional and will not waste your time. We are proud to say that we do our utmost to listen to your every request and take the time to guide you through the process. Our associates are also assisted by state of the art technology which alerts them specific properties come available on our database that match your search criteria.

You may find our weekly updated list of properties for First time buyers useful or you may like to receive property update emails of properties that come through our database that match your criteria. If you have a chance, we also have some interesting articles that describe the actual experience of first time buyers in Malta on our blog.

Related Links

Your First Property in Malta Blog

First-Time Buyer Trends in Malta

Finding the Right Agent

RE/MAX Exclusive Listings

€50,000 - €100,000

ST PAUL'S BAY - Fantastic new development, a small block of apartments and a penthouse, located on a quiet road in Xemxija, enjoying sea and country views. Optional car spaces available. Property comprises a kitchen/living/dining, three double bedrooms, main bathroom and en-suite shower and a front more

€ 300,000

€300,001 - €500,000

XEWKIJA - This secluded 300 years old unconverted FARMHOUSE situated on 1 tumoli of land (1000sqm) has the potential to be converted into a magnificent residence surrounded by fantastic views and total tranquility. The property currently offers 3 large arched rooms on the ground level and 3 rooms on more

€ 375,000

GZIRA - Just one street away from a Sliema post code, this unique and rare find sits peacefully awaiting a new owner to enjoy its wonderful 83sqm rear garden that opens off from a 38sqm living/dining room. The layout of this property is very much in the 'square' with high ceilings and coving feature more

€ 425,000

€500,001 - €750,000

Fgura - A very large Elevated Ground Floor Maisonette for sale in a desirable area of this town. This listing boasts a 13.4m Frontage and over 300sqm of External Area, providing ample space for a pool and garden area. It's internal area comprises of Four Bedrooms, A kitchen, living, dining and sitti more

€ 525,000

€750,001 - €1,000,000

GUDJA- A charming converted FARMHOUSE set in the outskirts of this quaint village. Accommodation comprises of a spacious welcoming entrance hall, kitchen/dining/living, separate sitting room,three double bedrooms, 2 bathrooms , study, store-room,wash-room,and a large garden measuring 1.5 tumoli with more

€ 795,000

Siggiewi - Situated in a quiet alleyway off the main square. A beautiful house of character, recently converted by current owners. Comprising two entrance halls, study, living room, open plan kitchen/living/dining room, a central courtyard and large 130 sqm back garden. Upstairs one finds three bedr more

€ 820,000

Zejtun - Beautiful Terraced house with a large outdoor area (circa 100sqm) with private swimming pool and 2 car lock up garage. Offered fully furnished and ready to move into. Comprising an entrance hall, 100sqm+ open plan beautiful kitchen with latest high range appliances/living/dining area with a more

€ 850,000

Zabbar - Unconverted TOWNHOUSE located on a quiet road in the heart of the village. This property boasts of lot of original features consisting of an interconnecting remissa, a welcoming hallway leading to a living/dining room, a kitchen, a bathroom that all lead to a mature garden measuring 108 more

€ 900,000

€1,000,001 - Upwards

ZEJTUN - Unconverted farmhouse on the outskirts of Zejtun built on a 300 sqm area having a total of eleven rooms. This property boasts a sunny central courtyard which gives character and charm plus an outdoor entertainment area ideal for a swimming pool/ gazebo/ 6 car port. more

€ 1,100,000

Spacious 4 Bedroom Detached Villa In Lija more

€ 1,100,000

This highly finished, beautiful farmhouse on a footprint of 1350sqm is situated in the open countryside with substantial grounds enjoying total peace and privacy. An imposing arched entrance hall leads onto a bright kitchen, dining and living room with a log fireplace. This large space leads onto a more

€ 1,250,000

Santa Maria Estate - New on the Market is this five bedroom beautifully designed Detached Villa. On entering this property is a welcoming hall leading to a living area. One also finds a large fitted kitchen overlooking the garden, a formal lounge dining and study room. A large spiral staircase leadi more

€ 1,400,000

ZABBAR - Majestic 6-Bedroom Farmhouse in the heart of Zabbar. Boasting a 200sqm Garden and a 163sqm Pool Area, this newly re-developed Farmhouse is nothing short of spectacular. It is built with many years of building expertise the most meticulous finishing methods. It has also the potential to be a more

€ 1,400,000

GHARGHUR - Rare to come by in this sought after quaint village of Gharghur, a stylish, four bedroom Townhouse/villa with garden and pool, finished to high specs and in perfect taste.
Upon entering, once is welcomed by a stylish hallway, that leads through to an open plan, spacious square layout, more

€ 1,480,000

SAN PAWL TAT-TARGA - A hard to come by, is this charming and spacious Detached Villa built on two floors and situated in a quaint area of this much sought residential area. On entering the property one finds a garden with a side entrance to the main front door. On entering the property, one finds a more

€ 1,485,000

Gharghur - Located within an exclusive, up-market area of Gharghur, this meticulously maintained fully Detached Villa is set on a one-tumolo large plot. The external area comprises of a large social and family patio surrounded by mature gardens which then leads to a large swimming pool fitted with j more

€ 1,500,000

Mellieha - Modern and contemporary Semi-Detached Villa having an unusual and pleasant layout flooded with light and enjoying views. Comprising of a large open plan kitchen,living,dining that leads to a spacious pool and deck area, three bedrooms main with en suite, main bathroom and guest toilet. Fu more

€ 1,700,000

BIRZEBBUGIA - NEW ON THE MARKET. A classical FULLY DETACHED BUNGALOW built on a total of approx 2,200sqm and mature garden enjoying lovely views and situated on the outskirts of the seaside village. Accommodation consists of an imposing wide entrance hall, formal sitting, separate dining room, fitt more

€ 2,100,000

MELLIEHA - A very spacious bungalow located in one of Malta's elite residential areas offering ample entertainment space and is finished to high quality finishings having marble floors throughout. On entrance one finds a large welcoming hall followed by a formal lounge/dining area. Fitted solid kitc more

€ 2,150,000

GHARGHUR - Converted, Fully Detached Farmhouse, on the limits of Gharghur. Total footprint of the property measures around 2000 sqm, with every part of the house having valley views (all rooms are on the façade). The house comprises of a formal Dining Room, formal Sitting Room, Living Room, 3 Bathr more

€ 2,445,000

Madliena - High Ridge four bedroom Semi Detached Villa measuring approx 700 sq m in one of the best sought areas of Malta with sea views and a large pool. The property consists of a hall, fully equipped kitchen including a wood burning oven, pantry, living room, formal sitting / dining room, study, more

€ 2,600,000

Lija - Spectacular residence located in a quaint alley within the sought after, historic "Three villages". The entire estate which covers a footprint of circa 1655sqm has recently undergone a meticulous restoration that respects old historical features whilst accommodating an inventive blend of old more

€ 2,750,000

Ghaxaq - Palazzo which has many rooms to renovate as a large family home again or convert into another business. more

€ 2,900,000

MOSTA - A unique and outstanding House of Character finished to fine standards and situated on the border of the village core surrounded by amenities. This palazzo style home enjoys a large and welcoming entrance hall leading on to an open courtyard allowing access to the main house and a large room more

€ 3,000,000

An ultimate luxury villa in an elite residential area, superbly positioned with breathtaking views. Finished to the highest standards and a modern design this villa welcomes you into a spacious and bright kitchen/living/dining with a terrace enjoying sea views. Downstairs one finds another separate more

€ 3,100,000

An opportunity to purchase a great property, ripe for development or conversion, and an excellent investment. The property consists of a stately Townhouse, a large Maisonette and two flats. Complementing the building is a massive garden with an entrance from the rear of the property. The plot size m more

€ 3,400,000

ZEBBUG - A wonderful, authentic Palazzo, originally built for one of Malta's oldest noble families. Property has an imposing facade with views, through the front door, of the lovely two tumolo back garden with its mature fruit trees and a belvedere, adorned with a stone carved Coat of Arms. This Pal more

€ 4,500,000

NADUR - An outstanding fully detached Villa set on high grounds built for entertaining on a lavish scale with no expense spared, redefining attention to details and enjoying the best views of the Mediterranean Sea and the Island. Set at the end of a cul-de-sac, enjoying privacy, this property, set o more

€ 4,900,000

A beautiful residence set on 7 tumoli (approx 7868sqm) of land on the outskirts of Mgarr. This stunning Property is surrounded by beautiful mature gardens, walkways, an absolutely fantastic pool area with scenic country and distant sea views. The home is spacious with large, spacious and extremely b more

€ 5,500,000

Xaghra- This exciting complex is situated in the heart of the very popular village of Xaghra in a quite rural location within walking distance to the main square. This project consists of twenty six apartments divided into three separate blocks and several garages on basement level. There is a selec more

€ 70,000

MARSALFORN - Ground floor shell form APARTMENT situated in a very quiet area just off St. Mary's street yet only 5 minutes away from the promenade and the beach. The property will enjoy south facing country views from its living area and offers 3 bedrooms, 2 bathrooms plus a 1-car lockup garage. Com more

€ 93,000

QALA - Situated in an idyllic alley is this unconverted farmhouse enjoying peace and tranquility and yet a short walk to the square. At present the house consists of 3 large rooms and 3 small ones, a sunny courtyard. Plot measuring 30Sq. Mtrs which is situated across from the property is also avail more

€ 95,000

BIRKIRKARA- One bedroom apartment to be sold on plan in shell form. Excellent for first time buyers or as a rental investment. Freehold. more

€ 97,000

New on the market to be sold on plan is this new project a stone's throw away from Marsalforn bay. Layout includes open plan kitchen/living dining area,2 bedrooms, 2 bathrooms. To be sold in shell form with common parts and lift included. Completion date in shell form December 2019, Common parts May more

€ 98,000

KERCEM - These spacious apartments are in a very nice location, close to all amenities. The apartment consist of a very large spacious open plan layout, 3 bedrooms, 1 of which includes an en-suite , a main bathroom and a balcony. Apartments are being sold in an advanced shell form state with comm more

€ 98,000

SANNAT - Newly built first floor APARTMENT situated in one of the most tranquil part of the village. Offering 3 bedrooms, 2 bathrooms and a combined kitchen/living area facing country views. Garage optional. Common parts and lift included in price. IDEAL FOR FIRST TIME BUYERS. more

€ 99,000

New on the market to be sold on plan is this new project a stone's throw away from Marsalforn bay. Layout includes open plan kitchen/living dining area,2 bedrooms, 2 bathrooms. To be sold in shell form with common parts and lift included. Completion date in shell form December 2019, Common parts May more

€ 100,000

New on the market to be sold on plan is this new project a stone's throw away from Marsalforn bay. Layout includes open plan kitchen/living dining area,2 bedrooms, 2 bathrooms. To be sold in shell form with common parts and lift included. Completion date in shell form December 2019, Common parts May more

€ 100,000

Xaghra- This exciting complex is situated in the heart of the very popular village of Xaghra in a quite rural location within walking distance to the main square. This project consists of twenty six apartments divided into three separate blocks and several garages on basement level. There is a selec more

€ 100,000

€100,001 - €150,000

Marsalforn -This spacious 2 bedroom apartment is being sold fully furnished and is within walking distance to all amenities. It consists of a spacious dining/kitchen/living area, a main bathroom and 2 large bedrooms one of which has a spacious back yard. Idea for anyone looking for an apartment wit more

€ 105,000

VICTORIA - A corner block of four apartments being sold in shell form. The owner will finish the common parts + lift + provide utility services. Each apartment has lots of light and offers 3 bedrooms, a largen then usual combined kitchen / living area, 2 bathrooms and an optional lock-up garage at s more

€ 135,000

QAWRA- New prestigious block of Apartments, Maisonettes and Penthouses. Currently being sold on plan in one of the best areas of Qawra. Walking distance to hotels, schools, main bus station, shops, cafeterias and amenities. Common areas to be finished to ultra-high standards, making it one of best p more

€ 145,000

ZABBAR - New on the market in a prestige internal development, 2nd floor, 3 bedroom Apartment, to be sold highly finished including Bathroom & Internal doors. Property consists of an open plan kitchen/Living/dining area, main bathroom, 3 bedrooms (main with ensuite). Optional Garages available. Proj more

€ 148,500

QAWRA- New prestigious block of Apartments, Maisonettes and Penthouses. Currently being sold on plan in one of the best areas of Qawra. Walking distance to hotels, schools, main bus station, shops, cafeterias and amenities. Common areas to be finished to ultra-high standards, making it one of best p more

€ 149,000

€150,001 - €250,000

Zabbar - Second floor Apartment in a block of only two. Property comprises of living room, hall way which leads to the kitchen, guest bathroom, main bedroom with en-suite, one double bedroom and one single bedroom. Property enjoys the use of roof. Freehold. more

€ 180,660

BUGIBBA - Corner away from the promenade and walking distance to Bugibba square is this third floor well finished and fully furnished apartment. Served with a lift. Layout consists of a separate living room over looking a spacious front terrace, combined fitted kitchen/dining, main bathroom. Tow bed more

€ 193,000

SANNAT - Bordering on 2 roads, this cozy and authentic HOUSE OF CHARACTER offers a perfect accommodation as a summer residence or pied-a-terre. Layout offers entrance into a small courtyard with traditional outside stairs leading to a living area with fireplace, a separate kitchen/dining and 2 bedro more

€ 215,000

SENGLEA- 3 bedrooms apartment in a block of only 3 units with part ownership of roof. Layout comprises of a welcoming spacious living room leading to a kitchen/dining. 2 large double bedrooms and another single bedrooms (main with en-suite) Side sea views. Also comes with part ownership of roof w more

€ 220,000

ST. PAUL'S BAY - A well finished fourth floor apartment situated in a sought after area. Layout consists of a sitting/dining room, three bedrooms, bathroom, en-suite, and a guest shower, box room, front balcony and a back terrace. Complimenting this property is a 1-car garage and also to be sold fur more

€ 250,000

€250,001 - €350,000

Msida. University Area. One off fully finished apartment situated in a sought after area. Property comprises an entrance hall, living room leading to a front balcony, separate kitchen/ breakfast, guest bathroom, three bedrooms and a box-room. Property includes a designer finished common area served more

€ 275,000

A lovely wide fronted townhouse in the heart of Mqabba. Upon entering one finds a spacious siting/dining area, part of which can easily be converted into a garage. A hallway leads to an authentic stone staircase, a 'logga', internal yard, spare toilet, a boxroom and kitchen. Upstairs one finds two b more

€ 275,000

Gharghur - Beautifully Squarish layout three bedroom Apartment ready to move into, close to all amenities. This first-floor apartment consists of three double bedrooms main with en-suite, guest bathroom, massive 60sqm kitchen/living/dining and a front and back balcony. This property is highly finish more

€ 299,000

QAWRA - New on the market this corner two bedroom apartment is sold fully finished. Having a total area of 119.75sqm. Freehold. more

€ 300,000

B' Kara. Large new penthouse measuring approx. 195sqm, being offered in shell form and currently being built. Layout consists of a spacious kitchen/ living/dining with a 25sqm front terrace, three double bedrooms all with an ensuite shower, bathroom, boxroom, washroom and back terrace. Freehold more

€ 340,000

€350,001 - Upwards

Ta' L-Ibrag. Highly finished, very bright and spacious Elevated Ground Floor Maisonette. Recently built, it comprises entrance hall, fitted kitchen/dining, lounge area, guests' bathroom, internal yard, main bedroom with shower en-suite and walk-in wardrobe, two other double bedrooms and a good size more

€ 385,000

Sliema- Four bedroom apartment situated in quiet street and close to all amenities. This property consist entrance hall leading to large open plan kitchen/living/dinning, four double bedrooms (two with en-suite), guest bathroom, two good size terraces and interconnected two car lock up garage. Unusu more

€ 495,000

SWIEQI - Modern furnished Apartment in a quiet residential area. Designer finish and boasting exceptional features: high ceilings (15 courses ), a 20 sqm front terrace with full width sliding doors, soffit ceilings, and air-conditioning. Layout consists of an open plan living area leading to a fro more

€ 495,000

A terraced house, offered on plan, to be constructed in shell form state by March 2020. Layout comprises of an entrance hall, open plan kitchen/dining/living, box-room, a guest toilet, bathroom, 3 bedrooms (two of which have shower en-suite) and a utility room on roof level, a swimming pool with dec more

€ 635,000

QAWRA- A massive 175 mtr sqr corner penthouse with a further 80 mtr sqr terrace. This property enjoys excellent sea views and is located in an excellent area, close to all amenities and forming part of a block that has optional interconnection garages. The layout consists of a large kitchen / dining more

€ 700,000

The palazzo is an imposing building. Its large, airy rooms surround a huge internal courtyard on the ground floor which allows access to terraces overlooking an orchard. Upstairs, the palazzo has a chapel and birth room and even a spiral staircase leading up to a turret affording distant views of Md more

€ 13,000,000

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