This year Government of Malta has published the best budget ever. Important measure has been extended for another 6 months:
Reduced stamp duty rate – Reduced tax rate on first 400.000 of 5% and reduced duty rate of 1.5% on the first €400,000 of the transfer value of the property continue to apply for promises of sale registered until 31 December 2021 and for which contract is concluded by 30 June 2022.
This important measure is believed to help many buyers and sellers in post-covid times. Currently, prices of properties have stabilized and this important measure may help many buy their new home!