Buying a Home in Malta? - Things to consider. 1) Check your surroundings. Make sure you're aware of what's going to be built in the future around you, and if your view or property price will be affected by it. 2) Ground rent or Freehold? Check that your property is what's called 'freehold', meaning that you either own the ground beneath the property, or at the very least, there is no additional rent on it. 3) I thought I bought a penthouse? Check to make sure you own the 'airspace' above your property if you buy a penthouse, villa, maisonette, terraced house, or bungalo. This is to ensure that someone can't buy the airspace above you and build on it. 4) How can you check this stuff? When you make a promise of sale to buy a home, a notary will look into the land registry and history of the property beforehand, to determine everything is correct. If not, you can usually back out of the sale if needed. 5) Citizenship matters. Whether you're a citizen, a permanent resident, a member of an EU state or a non-EU expat, all of these have very different statuses and specific rules that apply differently depending on that status. For fees, and what you can or cannot buy, it's best to consult experts in the field, or someone you can trust before doing anything. If you find this helpful, consider following me @growingupabroad for more great videos of exploring and learning all over. | Wideo | Malta Wakacje
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Buying a Home in Malta? - Things to consider. 1) Check your surroundings. Make sure you're aware of what's going to be built in the future around you, and if your view or property price will be affected by it. 2) Ground rent or Freehold? Check that your property is what's called 'freehold', meaning that you either own the ground beneath the property, or at the very least, there is no additional rent on it. 3) I thought I bought a penthouse? Check to make sure you own the 'airspace' above your property if you buy a penthouse, villa, maisonette, terraced house, or bungalo. This is to ensure that someone can't buy the airspace above you and build on it. 4) How can you check this stuff? When you make a promise of sale to buy a home, a notary will look into the land registry and history of the property beforehand, to determine everything is correct. If not, you can usually back out of the sale if needed. 5) Citizenship matters. Whether you're a citizen, a permanent resident, a member of an EU state or a non-EU expat, all of these have very different statuses and specific rules that apply differently depending on that status. For fees, and what you can or cannot buy, it's best to consult experts in the field, or someone you can trust before doing anything. If you find this helpful, consider following me @growingupabroad for more great videos of exploring and learning all over.
