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Buying property is a major capital investment and, as with all other types of investment, carries an element of risk. Whether you are buying your first home or are an experienced property developer, it is important to minimise your risk by having the property professionally surveyed by a qualified architect. Our team of architects at Design Principle can provide you with professional technical assistance in your investment decisions. You can put your mind at rest about buying your new home or your next development project by placing your trust in the expertise and experience of Design Principle in the local real estate market. Our team of architects has surveyed over 3,000 homes in the past 15 years. This experience helps us immediately spot any areas for concern and scope for further investigation, be it of a physical or legal nature. The Design Principle architects are fully trained and qualified in local building regulations, planning law and civil code, and can provide you with a comprehensive review of the property you are interested in acquiring. Moreover, our strong construction detailing skills and awareness of the building process, helps us identify construction defects that may otherwise go unnoticed. By calling us to inspect a property before placing an offer for it, you will be able to take an informed purchasing decision. This is essential to avoid loss of precious time and waste of financial resources in unnecessary charges, legal fees and agency commissions. At request, we can also produce a Pre-Acquisition Survey Report, that elaborates on all the relevant analysis of the property in physical and legal terms, and explains any issues that need to be addressed prior to placing an offer or signing any deeds of acquisition.
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When buying a property in Malta, it is customary to sign a preliminary agreement, known as Promise of Sale (POS), in which the seller and the buyer commit to signing a final deed of acquisition subject to a number of conditions listed in the agreement being met within an agreed timeframe. The most common conditions include the acceptance by a local bank of the buyer’s mortgage application, and a positive outcome in the notarial and legal searches on the title of the property. After signing the (POS), your bank and notary will require a series of documents signed by an architect for the successful processing of their respective tasks. The documents include a Land Registry site plan mapping the property, a completed valuation form and valuation report for the bank, a declaration for the Inland Revenue Department. Our team at Design Principle is set up to provide the required documents within very short timeframes to ensure that you meet your contractual deadlines well ahead of time.