Malta’s property market is constantly evolving, with new laws and regulations affecting buyers, sellers, and investors. In 2024, some recent changes could have a direct impact on your next property purchase, whether you’re looking for a home or an investment opportunity.

Here’s a look at the key legal changes you should be aware of:

1. Energy Efficiency Requirements

From 2024, properties listed for sale must meet stricter energy efficiency standards. This move aligns with Malta’s commitment to environmental sustainability. Buyers will need to consider energy performance certificates (EPCs) when purchasing, as properties with poor energy ratings may require additional investment in upgrades.

2. Short-Term Rental Regulations

If you’re thinking of buying property for short-term rentals (e.g., Airbnb), be aware that new rules have been introduced. Owners must now register properties with the Malta Tourism Authority (MTA) and adhere to specific safety and quality standards. These changes aim to regulate the booming rental market while ensuring safety and comfort for tourists.

3. First-Time Buyer Schemes

In 2024, the Maltese government has expanded incentives for first-time buyers. The property transfer tax for eligible buyers has been reduced, making it more affordable to get on the property ladder. Additionally, new schemes aimed at promoting energy-efficient and sustainable homes are available.

4. Residency Programmes and Property Investment

Malta’s residency programmes, such as the Malta Permanent Residence Programme (MPRP), continue to attract foreign investors. However, 2024 has seen changes in the property value thresholds required to qualify for residency. Buyers seeking residency through property investment should be aware of the new minimum property values.

These legal updates can influence the cost, convenience, and return on investment for both locals and foreigners. Staying up to date with these changes ensures you’re making informed decisions about your next property purchase.