Find out what you need to know before buying your dream home in Italy. Many foreigners have dreamed of buying a home in Italy, but the process to do so is complicated and complex! It’s easy to imagine sipping a glass of red wine in your new home, but the decision to buy a home in Italy is challenging
and can be a serious and costly mistake if you get it wrong.
Buying a house in Italy is something no one should do without proper legal support.
Below you can find answers to the FAQs that will give you valuable tips to make your purchase safe and risk-free.
The first piece of advice is to evaluate the situation well and have clear ideas about the area where you want to invest and the money you will have to pay. To make a real estate investment you must first come to Italy to visit some properties you may be interested in. It is inadvisable to purchase a home without first visiting it in person. You also need to know in advance what expenses you will have before and after the purchase. Continue reading this guide to find out in detail what these expenses are …
Yes, it is. The Italian legal system provides extensive protections for both those who sell and those who buy a property. Furthermore, due to the global economic crisis, property prices have fallen significantly in the last period compared to 10-15 years ago, so it is the right time to invest!
The basic rule is: if you don’t know what to do, don’t do anything until you contact us! The first thing to do is to hire a lawyer so that they can tell you the steps to take. Do not contact agencies independently, do not sign any documents and do not make any decisions. We can help you decide the best path to take and the right timing. There is no rush!
Unless you know Italian law in detail, speak excellent Italian and are used to doing business in Italy, legal assistance is not essential for you. In that case, you can proceed on your own and, after having carried out all the necessary checks, you can buy the property in safety.
If, on the other hand, you are not an expert, the do-it-yourself approach could cost you very dearly. In fact, the risks you can run into are many:
To avoid these risks, it is very important to carry out careful due diligence and use the utmost attention in drafting the purchase proposal. In fact, by providing adequate protection, you can avoid such risks and avoid starting costly and endless lawsuits against the seller.
Finally, if you buy a winery, a farm or an “agriturismo” owned by an agricultural firm, you may be able to benefit from certain tax advantages.
Of course, but if an interpreter is required, they will carry out with the translation and reading of the document written by the notary public.
If you cannot be there, you can obtain a power of attorney through which your lawyer or another trusted person will represent you and sign the completion deed on your behalf.
No, the so-called golden visa does not apply in Italy. However, this can help you to obtain an elective residence visa, if you are able to prove that you have sufficient funds to stay in Italy without working.
Property owners in Italy are required to pay the following taxes:
a) Local council tax (“IMU”): you won’t receive any bill but you will have to worry about hiring someone to make this payment (we can do it for you). If you are a permanent resident in the home, you do not have to pay this tax;
b) Garbage tax (“TARI”): it depends on the number of people living in that house and is payable by residents and non-residents.