Over 540 applications have been received by the Joint Office for temporary emphyteusis or lease redemption scheme for residential properties in the first three months since its launch.

The news was announced by Minister for Transport, Infrastructure and Capital Projects Ian Borg and Parliamentary Secretary for Planning and the Property Market Chris Agius, during a visit to the offices of the Joint Office in Valletta.

Minister Borg said that these numbers signify that many families will now become owners of their homes thanks to this scheme launched on the 1st of October last year.

He explained that it will remain open to allow those who are eligible and interested to apply, those families that have a property under temporary emphyteusis or lease that is administered by the Joint Office have the same right to redeem the lease or emphyteusis as those that have a property administer by the Housing Authority and the Lands Authority.

Parliamentary Secretary Chris Agius said that the temporary emphyteusis or lease scheme for residential properties is allowing a lot of Maltese and Gozitan families to truly become owners of their homes.

Photograph: DO/Clodagh O’Neill

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