Popular Estate Agencies
- Remax Malta
- Century 21 Malta
- Frank Salt Real Estate
- Knight Frank Malta
- Engel & Völkers Malta
These estate agents specialize in offering a wide range of properties for sale and rent in Malta, including residential and commercial properties. They provide extensive support to clients in their search for a suitable property and handle negotiations, viewings, and the closing of deals.
Qualifications and Licenses
In Malta, estate agents must be registered with the Malta Institute of Estate Agents and have a valid license to operate. The Institute regulates the industry and sets standards for ethical and professional conduct. Estate agents must have a good understanding of the local property market, relevant regulations and laws, and strong negotiation and communication skills.
Estate Agent Fees
Estate agents in Malta usually charge a commission fee, which is a percentage of the sale price of the property. The standard commission rate is 2.5% to 3%. This fee is usually shared between the seller’s agent and the buyer’s agent. In some cases, the seller may agree to cover the entire estate agent fee.
Other Resources for Property in Malta
- Property websites such as ImmoMalta, Propertyfinder.com.mt, and Malta Sotheby’s International Realty
- Magazines and newspapers, such as The Malta Independent, The Sunday Times of Malta, and The Malta Business Weekly
- Word of mouth referrals from friends, family, and colleagues
Use of Buyer’s Agent
The Use of a Buyer’s Agent is not very common in Malta, but a growing number of foreign property buyers are opting for this service. Buyer’s agents help clients find suitable properties, negotiate the best price, and handle the closing of the deal. A license from the Malta Institute of Estate Agents is not required for buyer’s agents, but they must comply with ethical and professional standards set by the Institute.
Organisations for Foreign Property Buyers in Malta
- Malta Institute of Estate Agents
- Malta Developers Association
Both organizations aim to promote ethical and professional standards in the real estate industry and offer support to foreign property buyers in Malta. The Malta Institute of Estate Agents can be reached through their website https://www.miea.org.mt, while the Malta Developers Association can be contacted via https://www.maltadevelopers.org.mt/.
