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Guidelines on Grants for the Restoration and Finishing of Privately Owned Residential Properties

Guidelines on Grants for the Restoration and Finishing of Privately Owned Residential Properties

The Ministry for Finance and Employment has launched the grant scheme for the restoration and finishing of privately owned residential properties.

This scheme will reimburse eligible expenditure that is incurred by the applicant related to the restoration and finishing of privately owned residential properties within Urban Conservation Areas (UCAs), properties that have been built for more than 20 years and have been vacant for more than seven years, and new properties that are developed in conformity with approved criteria as defined by the established guidelines and approved by the Board appointed by the Minister responsible for finance.

Between the 12th of October 2021 and the 31st of December 2024, eligible applicants may apply twice on each property for a grant of 18% on the costs of restoration and finishing up to an aggregate maximum of €54,000 for each property.

In cases where an applicant intends to apply for the grant on more than one property, a separate application for each property must be submitted by the applicant for each property being applied for.

The applicant must be a Maltese resident, who is 18 years or over on the date of application, and officially recognised as being the owner of a private residential Urban Conservation Area (UCA) property, or the owner of a private residential property that has been built for more than 20 years and has been vacant for more than seven years, or the owner of a new private residential property developed in conformity with the established guidelines and approved by the Board.

This grant applies for those who are going to purchase, or already have, these types of properties and wish to restore and finish these properties. The resrotation work has to be carried out, completed and issued a receipt between the 12 October 2021 and the 31 December 2024.

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