Scheme to regenerate village core buildings launched

First-time buyers of scheduled buildings will be given a 70 per cent rebate on restoration works, thanks to a scheme launched this morning.

The rebate, up to a maximum of €100,000, will cover facade and interior works, balconies, and even some forms of garden works.

First-time buyers of property in Urban Conservation Areas meanwhile will be eligible for a maximum rebate of €10,000.

The scheme, which will start on January 16, has an €18 million cap and is on a first-come first-served basis. Receipts must be provided.

The Irrestawra Darek scheme was launched by the Planning Authority this morning to help with the regeneration of Malta's village core areas. The scheme was first announced by Finance Minister Edward Scicluna in the last Budget.

The planning authority said it had reached an agreement with the Local Council Association to help councils provide residents with a conservation architect.

Times of Malta online article here.

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