Hot Properties for First Time Buyers

Buying your first home in Malta can be an exciting experience, but it can also be daunting especially if you are a first-timer. The process involves a lot of preparation and legwork so before you start shopping around, it is important that you get all the help you can. At Frank Salt Real Estate, we will not only help you find the property that best suit your needs, but we will give you lots of solid advice and guide you every step of the way. To top it off, we have also put together an exceptional offer that will save you good money that you can instead invest in your future home.

Top Properties for First Time Buyers

Save Thousands on Stamp Duty

Our mega deal for First Time Buyers adds to the stamp duty reduction that the government is offering. As a First Time Buyer if you purchase a property till the end of 2021, no stamp duty will be due on the first €200,000 of the property price, amounting to savings of up to €10,000 (based on standard rate of 5%). Should a buyer opt for a property of a higher value than €200,000, for contracts signed by end of 2021, stamp duty has been reduced to 1.5% on the next €200,000, thus potentially saving a further €7,000. Under these current schemes, one can save a whopping €17,000 on a purchase of a property worth €400,000. Now is the time for young couples to take the plunge and benefit from such an opportunity! Should you buy a property of a higher value than €200,000 up to the end of the year, you only get to pay 1.5% on the next €200,000 thus saving up to a further €7,875. That’s one hell of a saving!

More Offers from Frank Salt Real Estate