Purchasing property in Malta involves a number of steps, including:
Identify a property: This involves searching for properties that meet your criteria, either through a real estate agent or by searching online.
Make an offer: Once you have identified a property you are interested in, you will need to make an offer to the seller. This should include details of the purchase price and any other terms you wish to include.
Contact the Notary of your choice to guide you further on the steps required to be able to sign the preliminary agreement: If your offer is accepted, you will typically be required to sign a preliminary contract, also known as a "promise of sale." This is a binding agreement that outlines the terms of the sale, including the purchase price and any contingencies.
Obtain financing: If you are financing the purchase with a loan, you will need to apply for a loan and secure financing before the sale can be completed.
Sign the final contract: Once all due diligence has been completed and financing has been secured, you will sign the final contract of sale, also known as the "deed of sale." This document will be registered with the Maltese Public Registry and Land Registry.
It is important to note that purchasing property in Malta may be subject to additional requirements and restrictions, depending on your nationality and the type of property you are purchasing. It is advisable to seek the advice of a legal professional to ensure that you understand your rights and obligations as a property purchaser in Malta.
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