The below are the key highlights emanating from the Budget
Speech Malta. The theme chosen was 'a strong economy'
for the 2016 budget. This particular theme was chosen because
economic indicators are pointing towards a consistent growth for
Malta's economy. Finance Minister Prof. Edward Scicluna,
presented the Budget 2016 in The House of Representatives yesterday
evening.
Some of the main highlights that have been announced in Budget
2016 are as follows vis-à-vis the property market.
It is also a positive outcome for the local property market. The
below are some key highlights.
- A new
first time buyer scheme is in place applying
retrospectively from 01/07/2015 till the end of 2016. It is
understood that this will be applied differently to the previous
scheme. We shall be providing more details once guidelines are
issued. Maximum savings are capped at €5,000.
