Payment

Once the “Promise of Sale” agreement is signed, the buyer must pay a deposit.

The outstanding balance is paid in full in conjunction with the signing of the Final Deed.

Once payment is received the buyer is given the keys to the property.

If the property in Malta is being purchased by means of a bank loan, the deed must be signed at the bank’s offices.

Upon completion, the notary is obliged to immediately register the deed at the Maltese Public Registry.

The 1% provisional duty paid when the “Promise of Sale” agreement was signed is deducted from the total stamp duty due on the signing of the Final Deed.

Should the buyer fail to sign the final deed of sale without having a valid reason at law for doing so, the buyer forfeits all deposits paid.