Housing Finance Policy

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    A. Legal and Regulatory Framework

    A.1 Legal and Regulatory Framework
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Basis of the legal system: Civil, Common, Islamic, Other? (Describe)Mixed legal system of English common and civil lawMixed legal system of English common and civil lawmixed legal system of English common and civil lawA.1.1
    Are there specific laws that deal with mortgages? YesYesYes
    Research
    		A.1.2
    Registration/Transfer of titles:A.1.3
    Does the law clearly define different types of property rights?YesYesYes
    Malta Ministry for the Economy, Investment and Small Business
    		A.1.3.1
    Typical number of days needed for the transfer of title151515
    WDI
    		A.1.3.4
    Is there specialized legislation covering:A.1.9
    B. Housing Finance Subsidies
    B.1 Subsidies to Housing Finance Institutions
    B.2 Subsidies to Households
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Reach of subsidies in 2.1.1 to 2.1.4 ?B.2.2
    C. Taxation
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    What taxes apply to Residential Real Estate?C.1
    Tax on property (home-owners) No  C.1.1
    Tax on capital gains on property Yes  C.1.5
    OtherYes  C.1.6
    Are there tax benefits on rental properties?The IMF suggests reducing tax incentives for buy-to-let investors in order to mitigate house price increases, impltying there are tax benefits for rental properties.   C.2
    back to top | Country Data:
    Notes: "IFS Note: ""Weighted average of the rates charged by banks on loans with fixed interest rates and with own funds to individuals and corp. The rate is weighted by loan amounts."""
    Notes: "IFS Note: ""Weighted average of the rates charged by banks on loans with fixed interest rates and with own funds to individuals and corp. The rate is weighted by loan amounts."""
    Notes: "IFS Note: ""Weighted average of the rates charged by banks on loans with fixed interest rates and with own funds to individuals and corp. The rate is weighted by loan amounts."""
    Notes: "IFS Note: ""Weighted average of the rates charged by banks on loans with fixed interest rates and with own funds to individuals and corp. The rate is weighted by loan amounts."""
    Notes: "IFS Note: ""Weighted average of the rates charged by banks on loans with fixed interest rates and with own funds to individuals and corp. The rate is weighted by loan amounts."""
    Notes: 2010=100
    Notes: 2010=100
    Notes: 90% for a purchase under 600,000 euro, 80% for above 600,000 euro
    Notes: 90% for a purchase under 600,000 euro, 80% for above 600,000 euro
    Notes: 90% for a purchase under 600,000 euro, 80% for above 600,000 euro
    Notes: 90% for a purchase under 600,000 euro, 80% for above 600,000 euro
    Notes: A capital gains tax of 12% must be paid on the transfer of real property.
    Notes: Based on growth rate of 7.5% from the previous year by the IMF.
    Notes: Calculated using GDP (Current) data from WEO (IMF) and Mortgage data from Central Bank of Malta
    Notes: Calculated using GDP (Current) data from WEO (IMF) and Mortgage data from Central Bank of Malta
    Notes: Calculated using GDP (Current) data from WEO (IMF) and Mortgage data from Central Bank of Malta
    Notes: Calculated using GDP (Current) data from WEO (IMF) and Mortgage data from Central Bank of Malta
    Notes: Calculated using GDP (Current) data from WEO (IMF) and Mortgage data from Central Bank of Malta
    Notes: Calculated using GDP (Current) data from WEO (IMF) and Mortgage data from Central Bank of Malta
    Notes: Calculated using GDP (Current) data from WEO (IMF) and Mortgage data from Central Bank of Malta
    Notes: Calculated using GDP (Current) data from WEO (IMF) and Mortgage data from Central Bank of Malta
    Notes: Calculated using GDP (Current) data from WEO (IMF) and Mortgage data from Central Bank of Malta
    Notes: Figure is for national percentage. Data drawn from "Distribution of population by tenure status, type of household and income group Table (source: SILC) [ilc_lvho02]"
    Notes: Figure is for national percentage. Data drawn from "Distribution of population by tenure status, type of household and income group Table (source: SILC) [ilc_lvho02]"
    Notes: Figure is for national percentage. Data drawn from "Distribution of population by tenure status, type of household and income group Table (source: SILC) [ilc_lvho02]"
    Notes: Figure is for national percentage. Data drawn from "Distribution of population by tenure status, type of household and income group Table (source: SILC) [ilc_lvho02]"
    Notes: Figure is for national percentage. Data drawn from "Distribution of population by tenure status, type of household and income group Table (source: SILC) [ilc_lvho02]"
    Notes: Rental income is taxed at a rate of 15%
    Notes: Represents cumulative change of median house prices from 2011-2016 of 20%. Rate is constant across years so after 5 years the accumulation is 20%.
    Notes: Represents cumulative change of median house prices from 2011-2016 of 20%. Rate is constant across years so after 5 years the accumulation is 20%.
    Notes: Represents cumulative change of median house prices from 2011-2016 of 20%. Rate is constant across years so after 5 years the accumulation is 20%.
    Notes: Represents cumulative change of median house prices from 2011-2016 of 20%. Rate is constant across years so after 5 years the accumulation is 20%.
    Notes: Represents cumulative change of median house prices from 2011-2016 of 20%. Rate is constant across years so after 5 years the accumulation is 20%.
    Notes: Typically, the maximum LTV is 90%. However, HSBC Bank does make exceptions for first time buyers who don't have the 10% front contribution if extra security is provided.
    Notes: Typically, the maximum LTV is 90%. However, HSBC Bank does make exceptions for first time buyers who don't have the 10% front contribution if extra security is provided.
    Notes: Urban population refers to people living in urban areas as defined by national statistical offices. It is calculated using World Bank population estimates and urban ratios from the United Nations World Urbanization Prospects. World Bank’s World Development Indicators (WDI); rounded to the nearest tenth of one percent. In general, there is a lag of at least one year on this value in the WDI, but preliminary estimates are often available earlier.
    Notes: Urban population refers to people living in urban areas as defined by national statistical offices. It is calculated using World Bank population estimates and urban ratios from the United Nations World Urbanization Prospects. World Bank’s World Development Indicators (WDI); rounded to the nearest tenth of one percent. In general, there is a lag of at least one year on this value in the WDI, but preliminary estimates are often available earlier.
    Notes: Urban population refers to people living in urban areas as defined by national statistical offices. It is calculated using World Bank population estimates and urban ratios from the United Nations World Urbanization Prospects. World Bank’s World Development Indicators (WDI); rounded to the nearest tenth of one percent. In general, there is a lag of at least one year on this value in the WDI, but preliminary estimates are often available earlier.
    Notes: Urban population refers to people living in urban areas as defined by national statistical offices. It is calculated using World Bank population estimates and urban ratios from the United Nations World Urbanization Prospects. World Bank’s World Development Indicators (WDI); rounded to the nearest tenth of one percent. In general, there is a lag of at least one year on this value in the WDI, but preliminary estimates are often available earlier.
    Notes: Urban population refers to people living in urban areas as defined by national statistical offices. It is calculated using World Bank population estimates and urban ratios from the United Nations World Urbanization Prospects. World Bank’s World Development Indicators (WDI); rounded to the nearest tenth of one percent. In general, there is a lag of at least one year on this value in the WDI, but preliminary estimates are often available earlier.