Who qualifies?

• 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).

Main Benefits

1. Reduced Stamp Duty

• 0% stamp duty on the first €200,000 of the property price.

• Any amount above €200,000 taxed at standard rates (5%).

2. First-Time Buyer (FTB) Grant

• A €1,000 annual grant issued by the Housing Authority for 10 consecutive years.

• Now permanent and available for all qualifying FTBs.

3. Deposit Payment Scheme

• Government assists buyers with the 10% deposit required by banks.

• Eligible for properties valued up to €250,000.

Additional Points

Property Type

• Applies to both finished and shell residential properties, including apartments, terraced houses, and maisonettes.

Purchase Structure

• Must involve a Promise of Sale (Konvenju) followed by a final deed.

• Property must be used as the main residence of the buyer.

Eligibility Timeline

• Benefits apply as long as the buyer has never owned or inherited a residential property before.

Why It Matters

• 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.