Buying a property in Malta?
Enter the property price to estimate how much you should have set aside at each stage of the buying process.
Promise of Sale (Konvenju)
Money you need saved by the time you sign the Promise of Sale
Amount needed at Promise of Sale
~ 1-4 weeks after your offer is accepted
~ 1-4 weeks from offer
10% Deposit
10% of property price
Stamp Duty - 1% provisional
1% of the total 5% duty - first €200,000 exempt
Architect (Perit) Fees
Estimated cost - varies depending on architect
Bank Loan Approval & Sanction Letter
Money you need saved by the time your home loan is formally approved
Amount needed on loan approval
~ 2-3 months after signing the Promise of Sale
~ 2-3 months from Konvenju
Bank Processing Fees
Refundable0.3% of loan amount (price − deposit)
Home Loan Insurance
~0.1% of replacement value (estimate)
Life Insurance
Typically €100–€300 per year
Final Deed
Money you need saved by the time you sign the Final Deed
Amount needed at Final Deed
~ 3-6 months after signing the Promise of Sale
~ 3-6 months from Konvenju
Bank Legal Fees
Flat fee
Notary Fees
3% of property price (typical range 1.5%–3%)
Remaining 4% Stamp Duty
4% of amount over €200,000 (first-time buyer exemption)
After Purchase Costs
Optional costs after purchasing the property
Optional costs after purchase
Summary
Total money you need saved up before the Promise of Sale
€31,350Total money you need saved up by the time the home loan is approved
€1,310Total money you need saved up for signing of the deed
€13,270Total Estimated Costs
€45,930Disclaimer: The figures shown are estimates intended to help you understand the potential costs involved in buying a property. Actual costs may vary depending on your circumstances and the property being purchased.
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