Overview
The Ministry for Finance and Employment has launched the following grant scheme, that aims to incentivise and assist first time buyers that purchase residential properties within Urban Conservation Areas (UCAs), properties that have been built for more than 20 years and have been vacant for more than seven years, and new properties that are developed in conformity with approved criteria as defined by the established guidelines and approved by the Board appointed by the Minister responsible for finance.
What You'll Get
Eligible applicants will receive a maximum grant of €15,000 if the property purchased is in Malta and a maximum of €30,000 if the property purchased is in Gozo.
The actual amount allocated will be established on a pro rata basis according to the share of the property being acquired.
Eligibility
The applicant must be a Maltese resident, who is a first-time buyer and officially recognised as being the owner of a private residential Urban Conservation Area (UCA) property, or the owner of a private residential property that has been built for more than 20 years and has been vacant for more than seven years, or the owner of a new private residential property developed in conformity with approved criteria as defined by the established guidelines and approved by the competent authority. The property for which the grant is being applied for must be the applicant’s first immovable property acquired inter vivos by the applicant and is acquired for sole and ordinary residence and which property is a privately owned residential property, purchased between the 12th of October 2021 and the 31st of December 2024.
Furthermore, to be eligible for the grant applicants must also have first registered their deed or acquisition of property through their notary with the Office of the Commissioner for Revenue and have submitted legal proof and a declaration that they are first time buyers and that this is their first immovable property acquired inter vivos.
When it comes to private residential Urban Conservation Area (UCA) properties or private residential properties that have been built for more than 20 years and have been vacant for more than seven years, applications under this scheme should be submitted by not later than six months from the purchase of the property as evidenced by the date on deed of acquisition of property.
A property that benefits from the grant cannot be divided, whereby the number of residential units will remain the same. If the property subsequently re-developed into separate residential units, the applicant will have to refund the full amount of the grant paid to them under this Grant.
Application Requirements
Fill in the online form and submit.
Timeline
[{"Id":"d67de36b-3253-ec11-80e9-005056860f48","StageName":"Submission of Application","StageNumber":1,"AddressName":null,"AddressLine1":"Ministry for Finance","AddressLine2":"30, Maison Demandols,","AddressLine3":"South Street,","AddressCity":"Valletta","AddressPostalCode":"VLT 1102","AddressCountry":"Malta","AddressTelephone":"2599 8259","AddressEmail":"info.mfin@gov.mt","Duration":null},{"Id":"057ee36b-3253-ec11-80e9-005056860f48","StageName":"Vetting of Application","StageNumber":2,"AddressName":null,"AddressLine1":"Ministry for Finance","AddressLine2":"30, Maison Demandols,","AddressLine3":"South Street,","AddressCity":"Valletta","AddressPostalCode":"VLT 1102","AddressCountry":"Malta","AddressTelephone":"2599 8259","AddressEmail":"info.mfin@gov.mt","Duration":"20 days"},{"Id":"e8d6516f-3253-ec11-80ed-005056867883","StageName":"Approval of Application","StageNumber":3,"AddressName":null,"AddressLine1":"Ministry for Finance","AddressLine2":"30, Maison Demandols,","AddressLine3":"South Street,","AddressCity":"Valletta","AddressPostalCode":"VLT 1102","AddressCountry":"Malta","AddressTelephone":"2599 8259","AddressEmail":"info.mfin@gov.mt","Duration":"20 days"},{"Id":"1fd7516f-3253-ec11-80ed-005056867883","StageName":"Assessment of Application","StageNumber":4,"AddressName":null,"AddressLine1":"Ministry for Finance","AddressLine2":"30, Maison Demandols,","AddressLine3":"South Street,","AddressCity":"Valletta","AddressPostalCode":"VLT 1102","AddressCountry":"Malta","AddressTelephone":"2599 8259","AddressEmail":"info.mfin@gov.mt","Duration":"50 days"},{"Id":"43538375-3253-ec11-80ed-005056867883","StageName":"Delivery of Service","StageNumber":5,"AddressName":null,"AddressLine1":"Ministry for Finance","AddressLine2":"30, Maison Demandols,","AddressLine3":"South Street,","AddressCity":"Valletta","AddressPostalCode":"VLT 1102","AddressCountry":"Malta","AddressTelephone":"2599 8259","AddressEmail":"info.mfin@gov.mt","Duration":"3 months"}]
apply
