Purchasing a Property in Malta - A Quick Checklist
|
|
-
Is the property freehold, or is there any ground rent? Is
the ground rent temporary or perpetual?
- Was
the property built on a private plot, or on a government plot
at subsidized rates? The latter, even if presently private
owned, may in certain areas effect the resale value.
- Is
there a cable connection in the area?
- If
you are purchasing a flat in a block with a penthouse on top,
do you have a right to access to the roof? If the owner of
the penthouse is abroad, how is access gained for any maintenance
to the water tank, ariel or satellite dish?
- If
you are purchasing an apartment, do you know what the layout
of the flat on top of you is like? Is their living room on
top of your bedroom (noise factor)? Is their kitchen on top
of your bedroom(Noise Factor)? Is there a terrace on top of
one of your rooms (Heat Factor)?
- Where
are the shafts located within the apartment? Are there air
conditioning units allowed in the shaft (Noise Factor)?
- If
you are purchasing a top floor or ground floor apartment served
with lift, where is the lift's engine room (Noise Factor)?
- If
you have a top floor apartment, who is responsible to pay
for roof maintenance? If the whole block should pool in towards
the maintenance, is there a committee taking care of the collection
or are you expected to chase each individual personally?
- If
you are purchasing a shell form property, will the contractor
make sure that the external apertures of the whole block are
in place within the year, or will you risk moving in and having
the flat on top of you vacant and open to all the elements
in winter, perhaps for years
The above are a few important points you should
know before signing a contract. For a complete list, or specific
consultation please email Kenneth
J. Borg (Property Consultant since 1994), or call on 99-4-62582
(add +356 if calling from outside Malta and Gozo).
|
|