1. Minimum value of property:
Villa or house:
Apartment, flat, maisonette:
if in shell form / unconverted, finish costs
included in total amount.
2. Property of historical interest or
situated in historical area cannot be bought. Architect to inspect
property and decide whether of historical importance or not. (does not
apply to Houses of Character or Farmhouses, which can be bought).
3. Property purchased must be destined:
for personal residential use of applicant
(private guests may stay when the owner is present)
for other purposes approved by Government,
for an approved industrial or touristic
for any other project or purpose which is
considered to contribute to the development of Maltese economy.
4. Documentary evidence of foreign origin
of funds transferred to Maltese bank account, satisfactory to Central
Bank of Malta, must be produced before signing the final contract.
5. Maximum property that can be purchased in
Malta and Gozo: 1
Except in Special Designated Areas e.g.
Portomaso (St Julians), Chambray (Gozo), Tigné, Manoel Island and
Cottonera – property purchased by company or trust.
6. Resale of property is allowed only
to Maltese resident.