Remax Baystreet - Ian Grech

03/01/2016

Promoting Sustainable Urban Regeneration

The historic cores of our towns and villages, as well as buildings scheduled for protection due to their architectural or historic importance are an integral part of Malta’s heritage and cultural identity. Notwithstanding their importance, older buildings, particularly those scheduled for protection for their cultural, historical or architectural importance, and those in urban conservation areas (UCAs) are notoriously costly and difficult to maintain.

The maintenance of these properties, and their restoration requires substantial cash investments, a hurdle many families owning this kind of property cannot overcome in the first place. Moreover, these properties are often co-owned by several persons and families as a result of inheritance and are also very difficult to divide or sell. As some of these buildings served as a long standing family home, they tend not to be left to one person, in part because of the high value, for reasons of taxation, and due to high costs of repair.

To this purpose, the Government has launched two financial incentives under the Investi f’darek scheme:

Incentive 1: Grant for the restoration, conversation and maintenance of a privately owned residential property located in UCAs or scheduled in grades 1 or 2. Read more

Incentive 2: Exemption from payment of the Duty on Documents on the transfers between heirs of a privately owned residential property located in UCAs or scheduled in grades 1 or 2. Read more

Incentive 3: Tax concession scheme to stimulate investment in restoration and conservation of privately owned residential and commercial Grade 1 and Grade 2 scheduled buildings and buildings within Urban Conservation Areas (UCAs) for the purpose of selling or renting. Read more

Incentive 4: Restoration of Commercial Property (Tax Credits). This scheme aims to promote the restoration, conservation and maintenance of Grade 1 and Grade 2 scheduled buildings and buildings within Urban Conservation Areas (UCAs) that are or shall be used as commercial premises. Read more

https://www.mepa.org.mt/investifdarek

Incentive 1: Grant for the restoration, conversation and maintenance of a privately owned residential property located in UCAs or scheduled in grades 1 or 2.

10/10/2014

MARSASCALA – situated in a quiet area just a few minutes away from Saint Thomas Bay is this lovely Apartment. This property comprises of an open plan kitchen / living / dining, two double bedroom and a bathroom. Owner is selling this property furnished and complimented with a part of roof. Freehold. Ideal for first time buyers! 93,700 Euro for viewing call 99223483

10/09/2014

FGURA – Two bedroom shell Apartment in a new block served with a lift. This property comprises of a spacious bright open plan kitchen/ living/dining, a main double bedroom with en-suite, single bedroom, a good sized internal and back yard. 95,000 Euro - 99223483

05/09/2014

This apartment is worth viewing - 99223483

03/09/2014

Birzebbugia - This apartment situated on the first floor is situated in a quiet area close to all amenities and to the sea. This property welcomes you in a spacious open plan which will lead to a front balcony, a guest toilet and two double bedrooms having an en-suite with the main one. An internal yard and a back balcony is also included with this property. Euro 87,000 - Call 99223483

19/08/2014

MARSASKALA- A spacious duplex Apartment located in this very central and yet prime location very close to seafront. This apartment comprises of an entrance hall, separate kitchen which is fully equipped with furniture, guest bathroom and two bedrooms. A wooden spiral staircase which leads to an upper floor where one can find a sitting room with terrace and bbq area over looking distance seaview, bathroom, full ownership of roof with a small boxroom. Complimenting this property are two a/c, ceramic flooring and skylight. This Property can easily be converted into a three bedrooms apartment. €145,000 For viewing please call 99223483

18/08/2014

BIRGUMA - Luxury finished semi-detached VILLA comprising of entrance hall, leading to an open plan sitting/dining with a modern gas fireplace, main bathroom, kitchen/living leading to the garden and pool area. Upstairs one finds a welcoming landing area with three double bedrooms and two en-suite shower rooms. On roof level there is a large laundry room and roof terrace with views. Complimenting this property is a six-car garage at basement level with extra storage rooms. € 545,000 For viewing please contact - 99223483

28/07/2014

Marsascala (Monita Area) - Spacious apartment comprising of open plan, fitted kitchen, 2 bedrooms and modern bathroom. Property also benefits from having sea views and use of lift. €135, 000 - Contact 99223483

25/07/2014

QRENDI - Meticulously kept HOUSE OF CHARACTER with millroom. Accommodation comprises of an entrance hall, formal dining room leading onto a large living room with fireplace, fitted kitchen/breakfast, two bedrooms, study which can be turned into a third bedroom, bathroom, shower room, washroom, courtyard, garden and roof with airspace. Worth viewing. For more info contact 99223483

17/07/2014

ST. JULIAN'S - A very beautiful finished, two bedroom PENTHOUSE, in a small block located in a central and quiet, prime location yet walking distance to St. Julian's promenade. The property comprises of an open plan kitchen / living / dining, two bedrooms one having a walk-in wardrobe, a main bathroom and two terraces (front terrace measuring approximately 46 square metres and with distant sea and valley views). This PENTHOUSE is being sold fully furnished and with a one car space. Definitely a must see. Highly recommended! Euro 170,000 For more info contact Ian Grech 99223483

14/07/2014

QAWRA - A very well located PENTHOUSE, enjoying country views from its back and front terraces. Entrance into hallway leading to open plan kitchen/dining/sitting opening into a good sized terrace. Two bedrooms, washroom and bathroom. Airspace is included. An optional 3 car garage underlying the whole block and served with lift. Freehold. € 100,000 Phone 99223483