About Us
Gozo Homes Real Estate
Triq Gorg Borg Olivier
Victoria, Gozo
VCT 2519
MALTA
- Phone: +356 2756 4323
- Fax: +356 2156 3096
- Mobile: +356 9945 2539
- Email: Gozo Property
UK clients can contact our UK representative on +44 (0) 1295 660108 or
E-mail: uk@gozohomes.com
Gozo Homes is a young company founded in early 2004, although our experience in the Malta and Gozo real estate market dates further back. Our reputation is built on exceeding clients’ expectations. Innovation is key to every area of our business which is fundamentally the sale of property around Gozo. In fact we are considered Gozo specialists. We understand the needs and requirements of both our local and overseas clients which are obviously quite different.
Property owners who list their property with Gozo Homes benefit from well planned and placed advertising both locally and overseas. Our UK representative carefully vets British clients and offers them all necessary advice and help. This ensures that clients come well prepared and informed on the property scene in Gozo.
Another area we excel in is the letting of holiday villas and farmhouses in Gozo. Through a dedicated website we offer some of the best accommodation found on the island. Overseas clients who own a holiday property in Gozo can also avail of our management service which gives assurances and peace of mind that the property is in good hands.
We are also licensed by the MFSA to act as sub-agents of SMS Insurance Agency Ltd. We offer a good range of insurance policies such as Home, Travel and Vehicle Insurance among others.
Another interesting service in our portfolio is Project Managing small to medium sized property conversions such as apartments and farmhouses/villas. We do not take on more than two projects at one time ensuring we remain focused on your property.
As you can see at Gozo Homes Real Estate one can find a wide range of services connected to the real estate market. As our clients will testify, a service like ours is rarely found in the real estate business, no forced selling, we usually let the property do the talking! 
Other Information
Purchasing Property in Malta and Gozo
Whether you are a first time buyer, in need to upgrade to a bigger home or looking for your first holiday home in Malta or Gozo buying a property in not a walk in the park. With our expertise and experience we let our clients focus on the exciting bits while we do the ground work.
To get you started below we have explained how the buying procedure unfolds after you decide to take the step forward.
:: The Preliminary Agreement
Once both the purchaser and the seller agree on the sale price a notary is appointed to represent the buyers. The notary then drafts the Preliminary Agreement ( or Promise of Sale) which will point out the various terms and conditions the sale is subject to. One of the main conditions is that the property being purchased has clean title. Other conditions can include proper building permits, bank finance and if the purchasers are non-Maltese nationals the agreement will also be subject to them obtaining the AIP permit (more on this below).
A deposit is normally paid on the Promise of Sale, the amount can vary between 10% and 20% depending on what’s agreed between both parties.
:: The Acquisition of Immovable Property (AIP) permit
This permit is required by most foreigners when purchasing property in Malta and Gozo. The main condition of this permit is that the value of the property being purchased is over Lm39,730/€92,546 if an apartment and Lm66,198/€154,200 if a house. Another condition that’s imposed is that the purchasers’ do not own another property in Gozo unless it’s in a specially designated area. It is also important that the purchasers do not have a criminal record. In certain cases an AIP permit is not needed, this instances are;
- If the applicant is an EU citizen and has resided in Malta and Gozo for more than five years.
- If the applicant is an EU citizen and is purchasing the property as his main residence.
:: Completion
Once the notary completes the title searches and all conditions of the Preliminary Agreement are satisfied the final contract can be drawn up by the notary and signed by all parties concerned and the balance is paid.
The duration between the Preliminary Agreement and the final contract is usually three months but this depends on a number of factors. If the property being purchased is off-plan the final contract cannot be completed until the property is built and completed according to the specifications agreed.
More information on the buying process can be found on the main Gozo Homes website by clicking here.