Northern Properties Malta
Formation and Company Background
Information about Northern Properties—a privately owned real estate agency based in Malta dealing with the northern and central areas of the island.
Northern Properties is a Maltese real estate business that was founded in 2011 as the joint venture of businessmen Damian Galea and Jeffrey Sciberras. Together, the founding pair boast more than a decade in the real estate business. They formed the agency to concentrate specifically on real estate in Northern Malta, and the local expertise and uncommon knowledge is something that sets the company apart from competitors. Recently they have extended their reach to Central Malta.
The company was crowned Best Real Estate & Property Entrepreneur of The Year award 2018.
The Branch Network
As of 2020, Northern Properties boasts just a single branch location in Malta. This branch address is 597 Mosta Road, St. Paul’s Bay, an ideal location to serve the north of the island.
Northern Properties Employees
Including the two founding members Damian Galea and Jeffrey Sciberras, who are very much still involved in the day-to-day minutia of the business, Northern Properties boasts a staff of 14. This complement includes sales and lettings consultants and admin and marketing staff.
Northern Properties Operation
Northern Properties was the first agency to focus their operation on the northern area of Malta, although they are now branching out into central Malta. They have an holistic approach to real estate and have cultivated strong relationships with developers, notaries, architects, and banks to provide an end-to-end service.
The agency deals in residential real estate – there is no evidence of any commercial properties on their website. Property listings include all types of homes including apartments, town houses, penthouses, maisonettes, and houses of character at all price levels. There is a large selection of on-plan properties in the buying section.
Similarly, Northern Properties’ rental listings run the full gamut of housing type in Malta, with low budget properties to lifestyle homes. Unlike the 'to buy' section, however, the odd commercial property pops up in the rental section.
You can undertake various searches on the website, and there is a very useful write-up of all the main towns and villages in Malta that enable informed decisions. Sadly, at the time of writing, the search on property type is inadequate: it’s a very short list – just property types beginning with A or B. We’re sure there’s an update due.
Commission and Fees
Fees are not disclosed on the website, so we can but assume that Northern Properties follows the standard real estate procedure of charging a 5% commission for each property sale. There may also be a lower rate of somewhere in the 3.5% range for sole agency arrangement. Rental fees can also be expected to be the standard of the equivalent of half a month’s rent, plus VAT. This same value applies to both lessee and lessor.
Reasons to Choose Northern Properties
The niche nature of the Northern Properties business model makes them a perfect choice for house hunters who are specifically looking for listings in the northern and central parts of Malta. The local knowledge and expertise that team members have for these specific areas of the country is unrivalled, especially compared to the companies that operate in much larger catchment areas.
Contact and see their Properties Northern Properties Company and see their latest listing.