| Purchasing
a Property in Malta - A Quick Checklist
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-
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).
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