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We are proud to offer a careful selection of properties throughout the Maltese Islands. Our aim is to present you with the best value quality homes and investments to suit your requirements. We look forward to servicing your needs.
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BUILT ON A TRADITION OF QUALITY SERVICE SINCE 1969
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Glossary of Common Terminology
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As you browse through property listings that have been passed onto you by one of our consultants or on our web site, you may come across certain terminology that is outlined below:
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AIP Permit:
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(Acquisition of Immoveable Property) a permit issued by the ministry of finance to non residents which allows them to purchase property in Malta as a secondary residence. This permit is normally obtained within 6 - 8 weeks and the cost is that of Lm 100.
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Airspace:
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Air over-lying a property which could potentially be developed further.
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Ciangatura:
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Flagstone flooring
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Compliance Certificate:
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This is a document issued by the Malta Environment and Planning Authority certifying that a property is build in accordance to the original building permit.
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Contract of Works:
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This is a private agreement between a purchaser and a contractor whereby the contractor is bound to carry out specified works to an agreed standard, within an agreed time frame and for an agreed price.
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Duplex:
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A property that is spread over two interconnecting floors.
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Emphyteusis/Ground Rent
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Emphyteusis is a contract whereby one of the contracting parties grants to the other, in perpetuity or for a time, a tenement for a stated yearly rent or ground-rent which the latter binds himself to pay to the former, either in money or in kind, as an acknowledgment of the tenure. Where a grant in emphyteusis is made in perpetuity, the emphyteuta, even though the ground-rent may be revised at stated intervals of time, shall have the option to redeem the ground rent, normally at the rate of 5% (20 times the annual ground rent).
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Finished state:
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Completely finished to include tiles, bathrooms all internal and external apertures, etc but normally excluding kitchen and other furniture.
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Fuklar:
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Stone stove and chimney that used to be used for cooking.
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Hypothec:
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Hypothec is a right created over the property of a debtor or of a third party, for the benefit of the creditor, as security for the fulfilment of an obligation. A hypothec is general or special. It is general when it affects all the property present and future of the debtor; it is special when it affects only one or more particular immovables.
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Kileb:
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Stone corbels supporting ceiling slabs. These are sought after features in old converted farmhouses and houses of character.
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Kontrabejt:
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A layer of sand and stone chippings spread over the concrete roof and then finished off with a fine layer of concrete. This provides protection to the roof service and is normally laid to falls to allow the rainfall to be directed to its proper destination. It also serves as insulation and waterproofing.
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Konvenju/Promise of Sale Agreement:
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A legally binding document whereby vendors are binding themselves to sell a given property and buyers are binding themselves to buy the said property. Neither party can back out of the agreement once signed and conditions of sale are included in the document such as price, date by which contract has to be signed, deposit paid, etc.
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Laudemium:
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A Laudemium is a one time payment equivalent to one year`s ground rent, paid to the original owner of the ground rent with every change in ownership of the property. Normally a copy of the contract is also sent to the original owner of the ground rent together with the Laudemium payment.
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Loggia:
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Covered and arched terrace outdoor area.
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Mill room:
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Very sought after feature in old houses of character. These rooms were part of the mill house which used to be used to store and crush grain. Normally characterised by a series of supporting arches and stone mangers.
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Nicca:
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An alcove set into the façade of a house normally used to house a statue of a religious nature.
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Notary:
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Notaries are public officers. They are charged to receive acts inter vivos and wills, and to attribute public faith thereto; they shall be responsible for their custody and shall give out copies and extracts of or from such acts or wills. Notaries draw up and register promise of sale agreements, carry out searches to title of property and publish public deeds.
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Palazzo:
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A grand house that could potentially be up to 400 or 500 yrs old that formerly was the house of nobility or of an important Maltese family.
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Party Wall - Appogg:
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Common walls between properties, normally between two terraced houses or between two terraced blocks of apartments.
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Piazza:
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A Square which can be main village square or smaller secondary squares within Towns and Villages.
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Semi-finished state:
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Term used to describe a property that is not completely finished. Very often internal doors and bathrooms would be excluded. Actual level of finish would depend on agreement with contractor.
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Shell form:
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Brick and mortar property with no finishing at all.
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Special Designated Areas:
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These are developments which qualify for Special Designated Area status by complying to specific rules related to size, quality and amenities. All restrictions normally imposed upon foreign buyers are lifted in the case of these developments making them more attractive to foreign investment. For example, properties can be bought in the name of a trust or company and more then one property can be bought by the same individual or company.
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Stamp Duty:
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The tax due on publication of a deed of sale. The normal rate for Stamp Duty is 5% of the value of the immovable property, whilst first time buyers pay 3.5% on the first Lm30,000 and 5% on the balance. 1% of the Stamp Duty due is paid on the promise of sale agreement and the balance is paid on publication of the deed.
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Tale Quale:
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This is a term which means AS IS. In other words, the property is being sold as seen by the purchaser. This does not exclude liability for latent/hidden defects.
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Terraced House:
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Row houses built with properties attached to either side except for the end of row property. Very often Terraced Houses have front gardens and back yards.
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Town House:
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Terraced house usually built between the 1940s and the 1960s and normally having features such as stone slab ceilings, wooden balconies and patterned floor tiles.
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Tumolo:
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A unit of measure commonly used for plots of land equivalent to approx 1/3 of Acre, or 1124sqm.
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Washroom:
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Room at roof level commonly used as a laundry room.
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Xorok:
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Stone slabs, commonly in standard sizes of either three or seven feet used to build ceilings normally in old farmhouses.
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Homes of Quality, 201, Tower Road, Sliema SLM1602, Malta
Tel: 00356 2342 0000 UK Tel: 0044 0 871 711 8994 Fax: 00356 2137 4166
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email: info@homesofquality.com.mt
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