Malta » The Purchase Process

The initial thing you need to do is locate a selection of Malta villas you're interested in. Register with a number of agents who can show you an assortment of properties that suit your requirements. Investigate the area. Check out transport links and local facilities. Visit the property at different times throughout the day to see what the area is like.

Once you've found a property you like and the price and conditions of purchase have been agreed; both you and the vendor will be asked to sign a preliminary agreement known as a 'convenium/konvenju'. This outlines the agreed terms and conditions subject to any permits, surveys and deeds of the property relative to purchase.

 

On signing the preliminary agreement, you will be asked to lay down a 10% deposit with the estate agent, lawful advisor or the vendor if dealing directly with them. This is when you need to be totally certain about your desire and ability to complete as this agreement only lasts for between 3 and 6 months, as agreed with the vendor. Should you fail to complete on the property for whatever reason, you will lose the deposit and the vendor will get the 10% as payment for their problem.

During the time decided by you and the vendor, the lawful advisor will do all the necessary research to confirm the good title of the house and submit an application for purchase to the relevant government departments on your behalf. Once the lawful advisor has received notification of the clear title and all applicable permits have been issued, you and the vendor will be called to complete on the property.

The residual balance, legal fees and stamp duty are paid on the signing of contracts, the vendor will hand over vacant ownership and the property is yours. The agreements and contracts are written in English.