Malta has a lot going for it, including year-round sunshine and beautiful beaches, so it’s easy to see why it’s become a popular destination for UK expats moving abroad. Regardless of why you’re moving to Malta, finding and buying the right property is an important part of your move. If you’re planning to make Malta your new home, you’ll need to understand the property market, the buying process and the rules for foreign ownership. The more you know, the simpler buying a property in Malta will be.

Finding a Property to Buy in Malta

Selling your home in the UK and organising removals to Malta are only the first steps before you begin your relocation, you also need to find somewhere to live. Searching for a home in Malta can be exciting, but the approach differs slightly from the UK. Estate agents are the main point of contact when you’re finding a property to buy in Malta, and there are some that specialise in helping expats find suitable properties. While property portals exist, viewings and local knowledge still play a key role in Malta, especially in smaller towns and villages.

Types of Residential Property in Malta

You’ll find a wide range of properties in Malta, from historic townhouses with traditional Maltese balconies, to modern seafront apartments and newly built developments. Unlike in the UK, there’s a strong market for both resale and off-plan properties, many of which are marketed towards international buyers. There really is something for everyone, regardless of whether you want a brand new build or a more traditional home.

The Process of Buying a Property in Malta

Once you’ve chosen a property, you’ll usually start the process by signing a Promise of Sale Agreement, also known as a Konvenju. This legally binding document outlines the agreed price and conditions of the sale, and is registered with the Maltese authorities. A notary public will then carry out due diligence checks, which include verifying the title, ensuring there are no debts or legal issues tied to the property, and confirming planning and building permits. At this stage, you’ll usually pay a deposit of 10% of the property price.

Completion usually takes place within a few months, at which point you’ll pay the balance, sign the final deed of sale before a notary, and officially register the property under your name. The notary also handles the payment of stamp duty and registration fees.

How Does Buying a Property in Malta Differ From the UK?

The Maltese housing market differs in a few ways, which is why it’s important to do your research before you look into buying a property. In the UK, solicitors usually manage the process, but in Malta, a notary public plays the central role. You’ll also need to budget for stamp duty, which is generally 5% of the purchase price, though there are reduced rates for certain circumstances, such as first-time buyers or properties in Gozo.

One big difference for UK buyers in Malta post-Brexit is the possible requirement for an AIP – which stands for Acquisition of Immovable Property – permit when buying a property. This permit allows you to purchase one property and requires it to be your primary residence, unless you’re purchasing within a designated Special Designated Area (SDA), where foreigners can buy freely without restrictions.

Step-by-Step Guide to Buying a Property in Malta

• Find a Property – Work with a reputable Maltese estate agent who can guide you through the local market and help you find a property that qualifies under the minimum price thresholds required for an AIP permit.

• Sign a Preliminary Contract – Once your offer is accepted, you’ll enter into an agreement. At this stage, it’s standard to pay around 10% of the purchase price as a deposit.

• Apply for AIP Permit – With the preliminary agreement in place, your notary will submit an application for the AIP permit on your behalf.

• Final Deed – After the permit is approved and all legal checks are completed, you’ll meet with the seller before a notary to sign the final deed, which officially transfers ownership.

• Pay Stamp Duty – Following the signing, you’ll pay the outstanding balance of the purchase price along with stamp duty, which must be paid within 15 days.

Rules for Foreign Property Ownership in Malta

If you’re not a resident, you can generally only buy one property in Malta, unless you purchase in an SDA. SDAs are developments aimed at international buyers, often offering modern facilities and prime locations. Permanent residents of Malta, however, can purchase multiple properties without restrictions. It’s also worth noting that buying property in Gozo or the south of Malta may be beneficial if you’re purchasing a home as a foreign buyer, as the government encourages investment in these areas.

What to Expect From The Property Market in Malta

Before you move to Malta and buy a property, it’s a good idea to familiarise yourself with the property market.

Market Trends

Malta’s property market has remained strong over the years, with consistent demand from both locals and international buyers. The island’s limited land supply keeps prices stable, and though Malta is relatively small, there is a wide variety of property types and styles available.

Regional Variations

Different areas of Malta appeal to different types of buyers. For example, Sliema and St Julian’s are popular with expats who enjoy a vibrant lifestyle, while Valletta attracts those looking for history and culture. Gozo is ideal for those who want a slower pace of life, while areas like Marsascala or Marsaxlokk offer a more traditional Maltese setting. Before you start planning your move, it’s important to understand the regional variations, as this will help you to find a home in an area that ticks every box.

Affordability

Compared to the UK, property in Malta can be good value, and you’re likely to find that your money goes further than it would at home. However, prices in prime locations such as Sliema and St Julian’s are high due to demand. More affordable options can be found in Gozo and the south of Malta, where fewer people are buying.

Interest Rates and Mortgages

Mortgages are available in Malta for foreign buyers, though non-residents usually need to provide a larger deposit, often around 20–30% of the purchase price. This is something to keep in mind, as you’re likely to need a slightly larger deposit than you would do in the UK. Mortgage terms may also be shorter than those offered in the UK, so it’s worth seeking independent financial advice to determine what works best for you.

Start Your Journey to Malta Today

Once you’ve secured your new home in Malta, the next step is organising your relocation. Moving belongings from the UK to Malta can feel daunting, but United International Removals, it doesn’t need to be. As experts in overseas moves, we’ve helped Brits relocate from the UK to Malta, and we do so in a stress-free, straightforward and smooth way. Get in touch to find out how we can help.