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First-Time Buyers Scheme in Malta: A Gateway to Home Ownership

Buying your first home is a milestone that marks a significant step towards financial independence and personal stability. In Malta, the government has recognized the challenges faced by first-time buyers and has introduced a variety of schemes to assist them in achieving their dream of homeownership. If you are considering buying property in Malta for the first time, here’s what you need to know about the first-time buyers scheme.

What is the First-Time Buyers Scheme?

The First-Time Buyers Scheme in Malta is a government initiative designed to make homeownership more accessible for individuals purchasing their first residential property. The scheme provides financial incentives and tax benefits, making it easier for first-time buyers to enter the property market.

Key Benefits of the Scheme

1. Stamp Duty Exemption:

One of the most significant benefits is the exemption from stamp duty on the first €200,000 of the property value. This exemption can save first-time buyers up to €10,000 (based on standard rate of 5%), a considerable reduction in the upfront costs associated with purchasing a home.

2. Government Grants:

In addition to the stamp duty exemption, the Maltese government occasionally offers grants to first-time buyers. These grants can vary but typically provide additional financial support to help cover other costs related to buying a home.

Grants available FY2024 are:

(Subject to any updates provided by the Office of The Commissioner for Revenue (CFR)):

  • First-time buyers are also eligible for a one-time €10,000 grant spread out over 10 years subject to the property not exceeding the value of €500,000.
  • Deposit Payment Scheme for people buying their first home on a property value that does not exceed €225,000.
  • VAT return on renovations and restoration works on properties within an Urban Conservatory Area (UCAs).

3. Affordable Housing Options:

Schemes often includes the provision of affordable housing units, making it easier for first-time buyers to find properties within their budget.

Eligibility Criteria

To qualify for the first-time buyers scheme in Malta, applicants must meet certain criteria:

1. Residency: The buyer must be a resident of Malta.

2. No Prior Ownership: The applicant must not have previously owned any property in Malta or abroad.

3. Primary Residence: The property purchased must be intended as the buyer’s primary residence.

How to Apply

Applying for the first-time buyers scheme involves a number of steps, as follows:

1. Research and Planning: Begin by researching options within your budget and understanding the associated costs of buying a home. If you are applying for a home loan, book an appointment and the bank whom will guide you further.

2. Consultation: Consult with a real estate agent or a legal advisor who can guide you through the process and ensure you meet all eligibility requirements and find the right property for you.

3. Application Submission: Once you have identified a property, you will need to submit an application for the scheme through the appropriate government department, typically the bank will assist you with this.

4. Approval and Purchase: Upon approval, you can proceed with the purchase, benefiting from the stamp duty exemption and any available grants.

Additional Tips for First-Time Buyers

  • Financial Planning: Ensure you have a clear understanding of your financial situation and can afford the mortgage payments in the long term.
  • Legal Advice: Hire a notary or lawyer to help you navigate the legal aspects of buying property in Malta.
  • Property Inspection: Always inspect the property thoroughly to avoid any unforeseen issues after purchase.

With over 15 years of experience in the industry and unvaluable market insights available, the BENESTATES team can guide you with every step of the way, aiding you to find your dream home and all the necessary advice required by banks, notaries, lawyers or architects.


The first-time buyers scheme in Malta is a valuable resource for individuals looking to purchase their first home. By providing financial incentives and easing the initial costs, the scheme makes the homeownership process more achievable, especially for young people. If you’re a first-time buyer in Malta, take advantage of these benefits and start your journey towards owning your own home.

With careful planning and the right support, buying your first property in Malta can be a rewarding and fulfilling experience. Happy house hunting!



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