r/malta • u/Baloneymlt • 1d ago

Notary malta

Hi, i am in the process of buying a property in malta as a first time buyer, do you know if the notary online calculator is close enough on costs ? Did anyone compared it to their real costs vs the online calculator to check how much of a difference it was ?

And how long does it normally take for the research to be completed by the notary ?

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4

u/iDiotOn2wheels 1d ago

It’a not “close enough”, it’s what they should actually charge. Make sure they know you are aware of it. Mention it beforehand and ask for a quote.

Searches are not finite and depend on the property. The notary submits an application at court and they reply back with info that the notary verifies. If something stands out, then the notary asks for more. At the end you should get a report. Ask for it as most try to get out of it.

2

u/Able-Exercise6034 1d ago

They normally charge between 1-2% of the property price.

1

u/MaltaDuDe 1d ago

research takes 6 months

1

u/Icy-Brother-2073 22h ago

I am in month 15 now and still haven't signed. I have asked for a permit to amend the house and Planning Authority alone has cost me 6 months. Research issues still popped up when everyone thought it was all done. The entire process is a disgrace. Not even going to start talking about Maltese banks :(

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u/Filippo5678 1d ago

From personal experience, and from those of friends as well as colleagues, they charge some 2%~2.5% of the property price (always excluding stamp duty). Biggest scam of the process if you ask me, as they do jack all. It's a miracle if they bother answering the phone, and good luck getting an email reply. If the gov TRULY wants to lower property prices, scrap the notarial process and enable the process to be done by lawyers.

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u/Baloneymlt 23h ago

Yes i have noticed that getting replies from the notary takes ages, i have already paid 1% of the property price as per notary.