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5 steps to follow when buying your first home

 - Lifestyle - Jun 9 SHARE ON:

Purchasing your first home is quite a large step in one’s journey and often times, one would need a helping hand in not only finding the right home, but making the most out of their purchase. That it is why RE/MAX are bringing us some of the best investment tips to watch out for when making the big step.

Buy, Rent & Rent property with RE/MAX Malta Today 🔑✅Visit 👉 www.remax-malta.com #remax #realestate #malta

Posted by REMAX Malta on Monday, 31 May 2021

  • Look for the right home

Wise financial decision-making is always important, more so when investing in your first home. Decisions such as this determine the foundation for the rest of your life which is why you shouldn’t pick a house, but look for a home.

This is why RE/MAX’s comprehensive database of for-sale properties in Malta and Gozo is the best place to start to get your foot on the property ladder. Search through a wide list of properties ranging in size, style and budget with the mindset of finding the most suitable home and you’ll definitely come out satisfied.

  • Attention to detail

Avoid as much stress as possible and find agents which will walk you through property features, budgets, governmental incentives, upkeep, daily needs and location. RE/MAX agents are committed to giving you a detailed and insightful experience when looking for your home, making sure you don’t miss a beat.

Every single detail matters and whether its bank loans, notary fees, utility bills and other hidden expenses, it is imperative that first-time buyers get the full picture and feel completely at ease.

  • Make the most of incentives

Many first-time buyers are looking to make the investment of their life time. This not only speaks volumes about the demand for property in an ever-growing sector but the amount of homes in Malta’s market.

Get in touch with a RE/MAX agent and let them walk you through any incentives you can benefit on and make the most out of your first purchase.

Initiatives such as The First-Time Buyers’ Scheme give buyers the opportunity to not pay stamp duty on the first €175,000 of the property’s price.

Moreover, anything over €175,000 is applied a stamp duty of 1.5% (reduced from 5% as part of the government’s COVID-19 measures).

  • Keep a Journal

Get yourself a ring binder and organise all your papers and documents building up to the purchase and maintenance of your house. You’d be surprised how often you will need warranties and receipts from products and services you purchase months ago and you’ll thank your lucky stars that you had everything organised in one neat binder.

Keep your insurance papers, receipts and any other form of documentation to make sure you’re covered all the way through.

Investing in a property is not simply investing in a building, but in your future.

RE/MAX Malta, is the fastest growing real estate organisation in Malta and Gozo. The organisation has been built on a strong foundation of a highly experienced management team, franchisees, partners as well as professionally educated property sales and property letting Sales Associates.

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2387 families receive strong rent benefit

 - Local - Jun 9 SHARE ON:
2387 families receive strong rent benefit

Minister for Social Accommodation Roderick Galdes stated that there are 2,387 families who are receiving the strong rent benefit that came into force in 2019. Stating that this is one of the best initiatives which assisted thousands of families, this ‘revolution’ in social policy is one that is not only ‘aimed at helping the family cope, but also at helping it move forward.’ The Rent Benefit came into effect in preparation for the reform of residential rents, with the Housing Benefit replacing the old subsidy which would have, according to Galdes, given rise to abuse.

Instead of the aforementioned subsidy, the benefit reaches up to €5,000 a year or €417 a month, whilst providing different amounts to beneficiaries with different circumstances. Calculated according to the family’s income, an amount is issued to ensure the family does not pay more than 25% of available income on rent. Beneficiaries receive an average of €2,783 in annual benefits. In some cases, the Housing Authority covers up to 45% of the rent.

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Photo Source: Roderick Galdes FB

EU travellers with vaccine passports to enter Malta freely starting 1st July

 - COVID-19 - Jun 9 SHARE ON:
EU travellers with vaccine passports to enter Malta freely starting 1st July

EU travellers will be able to enter Malta freely should they hold a vaccine certificate starting 1st July 2021, with Maltese citizens being able to use their own certificates to travel throughout the EU as well. Malta’s legal notice has stated that vaccine certificate will be available for 6 months, whereas the EU highlighted that the certificates will be in effect for 12 months.

National authorities will issue certificates free of charge, and will be available in either digital or paper format containing a QR code. Indicating whether a person is vaccinated, has had a negative PCR test or recovered from infection, the package will re-establish movement throughout the EU.

MEPS also secured agreements which disallow EU states from imposing additional travel restrictions on certificate holders – such as quarantine. Should other restrictions be necessary, a notification 48 hours in advance should be given to member states and Commission, with public given 24-hour notice in advance.

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Photo Source: VoteWatch Europe, European Commission Twitter

Over 6000 passengers carried by Gozo Fast Ferry in single week

 - Local - Jun 9 SHARE ON:
Over 6000 passengers carried by Gozo Fast Ferry in single week

During its first week of operation, the Gozo Fast Ferry carried more than 6,000 passengers on a high-speed voyage between Valletta and Mgarr, Gozo. The service also added extra trips to cope with the massive demand which rose during the long weekend. Since the fast ferry’s launch on Wednesday of last week, 3000 people downloaded the company app which lets them buy tickets for the boat rides.

The company stated that the positive feedback was overwhelming, with the increased demand showing how people were very much ‘itching’ for such a service. People also used their Tallinja card to simply tap-and-board without having the need to pre-book a ticket. As tourism reopens following the pandemic’s massive pressure on the sector, the company expects that the service will continue to receive such demand and usage.

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Photo Source: Gozo Fast Ferry FB

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