PRESS RELEASE BY THE MINISTRY FOR SOCIAL AND AFFORDABLE ACCOMMODATION Launch of First Time Buyers Step-by Step Guide

During the Public Service Expo 2025, Minister for Social and Affordable Accommodation Roderick Galdes announced that the Housing Authority is launching a guidance document for first-time buyers.

The minister explained that this document was created with the aim of offering clear guidance to those who are about to purchase their first property, to assist them throughout this significant process in their lives, including information on the first-time buyers’ scheme, which grants these individuals €1,000 per year for ten years. Therefore, in total, these beneficiaries will receive a grant of €10,000.

The minister emphasised that when a person is about to purchase their first property, it is undoubtedly a major step in their life. He explained that for many, this step can present new experiences and challenges. “Therefore, to address all of this, this document will provide step-by-step guidance to these prospective buyers. We are once again pleased to support those who intend to purchase their first property, including many youths, through this comprehensive guide,” stated the minister.

CEO of the Housing Authority Matthew Zerafa stated that, “Buying a first property is the dream of many youths, but the process can be complex. It is our wish that through this guide, the purchasing process is explained clearly and understandably. In this way, we are helping our youths to make informed decisions.”

This guide assists prospective buyers through all stages, including processes related to bank loans for the purchase, the sales contract, up to the moment the buyers start living in their new residence. The guide also provides practical advice on what buyers are encouraged to look out for, as well as information on schemes and services offered by the Government to support them in achieving their aspiration of becoming homeowners.

The guide can be accessed from the website firsthome.mt.