Purchasing Property & Residing in Malta |
Why Malta? Сhoice of properties here!One of the safest investments in Malta is property.
Some important information for foreign buyers
ProcedureOnce you have chosen a property and agreed on the price with the owner, a Preliminary Agreement of Sale is signed between you and the seller. This is normally valid for three month, but a longer period can be agreed upon. WE can appoint an independent Notary Public on your behalf and if required arrange a meeting prior to Preliminary Agreement. The agreement must be subject to the acquisition of the A.I.P Permit. This 1st Agreement binds both parties to purchase/sell the property under the terms and conditions agreed upon, subject to legal title and the issue of any relevant permits to purchase. Normally 10 % of the purchase price is deposited with notary when the agreement is signed. Once the notary has verified that all is in order and the permit has been issued, then the final deed of transfer of the property is signed and the balance of the purchase price is paid to the seller and also notary will transfer to the seller the remaining 10 percent of the price which was deposited before. Expenses1. Preliminary AgreementBuyer pays
2. Final Deed of Transfer
We will organize tailor – made program for you starting from abroad ( all your travel arrangements ) to final and post final deed supervision (any language per request). We are working only with professional and experienced Real Estates agencies and developers ; Public Notaries, Lawyers and Auditors.
Sunlight Inter Team will be happy to assist you during the whole process of buying or renting your future home!
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