
By the end of June, the Housing Authority will issue 6,970 payments to first-time buyers as part of a government scheme aimed at helping people take their first step onto the property ladder.
Minister for Social and Affordable Accommodation Roderick Galdes confirmed the news during a press conference, stating that over €6.5 million has been allocated to support this initiative.
The scheme offers €1,000 annually for ten years, providing a total of €10,000 in financial assistance to eligible buyers.
Minister Galdes noted that those who purchased their first property in 2024 and applied on time will receive their first payment this month. Those who applied later will still be paid, once their application is processed.
To ensure fairness, the Minister also announced a final deadline: individuals who bought their first property in 2024 but have not yet applied now have until the end of July 2025 to benefit from the scheme.
“This investment supports people, especially young first-time buyers, and ensures everyone has the same opportunity to own a home,” said Galdes.
Housing Authority CEO Matthew Zerafa highlighted the broader support being offered, including the firsthome.mt portal, which helps guide buyers throughout the entire process.
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Photo Source: DOI – Daniel Scicluna