Budget News 2018 - BUDGET NEWS UPDATES
REDEMPTION OF EMPHYTEUTICAL GRANTS (FIDI TA' CNUS)
A new scheme for redemption of emphyteutical grants shall also be announced.
SKEMA NIKRU BIEX NASSISTU
It was also announced that owners of vacant properties will be granted a maximum of up to Eur 25,000 in order to refurbish immovable property for the purposes of renting that property. By means of this scheme, the Housing Authority is receiving offers from owners of vacant residential property to lease it to the Housing Authority for the scope of social housing accommodation. The works must be completed within 6 months from the granting of such aid and the owner has to enter into a 10-year agreement with the Housing Authority committing himself to rent the property for residential purposes. You can check the conditions of the scheme here.
Check out the budget speech here.