Minister for Social and Affordable Accommodation Roderick Galdes revealed that more than 1,800 first-time property buyers in 2023 have already applied for the €10,000 grant, distributed over a span of ten years. This initiative, part of the Malta Flimkien electoral agenda, aims to bolster new homeownership. Reflecting on the past year, Minister Galdes noted that over 2,800 individuals who embarked on the significant journey of purchasing their inaugural home in 2022 have received their initial €1,000 installment under this program. They are set to receive the second installment out of ten payments this year.

“Starting from June this year, first-time property buyers from the previous year will begin receiving their first €1,000 installment as part of a decade-long support initiative,” remarked Galdes.

The Minister stressed that this grant, integrated into several diverse programs managed by the Housing Authority (HA), signifies a substantial investment in our families and youth, who play a pivotal role in the economic prosperity of our nation.

Galdes further elaborated, “An important economic benefit of this scheme is its contribution to our country’s homeownership rate, which currently stands at 82% — one of the highest in Europe.”

“As the Housing Authority, we are committed to investing in the aspirations of young Maltese individuals, particularly their ambition for homeownership. We are enhancing our comprehension of this vital sector through continuous data analysis and research. Moreover, we are pleased to announce that, in alignment with our commitments, payments for this program will resume in June,” stated HA CEO Matthew Zerafa.

First-time buyers who purchased a property in 2023 and who have not yet applied for this grant should do so no later than the end of April by visiting https://bit.ly/Għotja10K.

Permanent Secretary Emanuel Psaila was also present for this press conference.

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