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Country profile

If you want to better understand how to go about buying a property in the country of your choice, take a look at our country profiles. We have summarised the process for you and identified the latest hotspots for overseas investment

Brazil Bulgaria
Cyprus France
Greece Italy
Panama South Africa
Spain

Find a service in Italy
 

Hotspots

The strong attraction to the rustic stone farmhouse has recently led many to Abruzzo. This area, untouched by industry, remains a rural haven overflowing with olive groves and vineyards.

The Alpine mountains in the north provide fantastic opportunities for skiing. After retiring from the slopes for the day, you can spend time relaxing at the Italian pace and enjoying local cuisine.

The ‘jewel of the sea’ on the toe of the Italian peninsula is Calabria, a booming area in the property market due to recent direct flights to the area. Prices are rising rapidly and it is predicted that properties will pay for themselves in 10 years.

The nature lover will also succumb to the unspoilt beaches and lush woodland. Tuscany remains a favourite for us Brits, though prices can be intimidating

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Italy has long been a desirable setting for British investors and it is not difficult to see why. The attraction of romantic settings and artistic culture dating from the Roman Empire to the Renaissance, combined with a plethora of diverse coastal resorts and mountainous skiing resorts, have ensured its enduring appeal.
The Property Buying Process:
  • For those who are determined, a property once acquired can be all the more appreciated. The legal process in Italy can involve lengthy bureaucracy, so it is advisable to get legal representation in Italy and the UK.
  • A surveyor and notary must be consulted and the latter will witness the two contracts necessary for the purchase. The first contract legally binds the buyer and the vendor. A 30-day interval then follows while third parties (such as neighbours) sign approval. When the second contract has been signed, and the notary has registered the property, it is officially yours.
  • The deposit is payable on the signing of the first contract and will range from 10–30%

Property Fees and Taxes:

The surveyor’s and notary’s fees are variable according to the purchase price, and the latter may also incorporate charges for assigning a mortgage. Tax will be charged in one of the following ways:

  • Where property has been completed more than four years before purchase: 7% registry tax, 2% mortgage tax and 1% land tax.
  • Where property has been completed in the last four years: 10% VAT, €168 registry tax and €168 land tax.
Property Prices:

Range varies extensively:

  • From €30,000 for small properties in need of work.
  • From €50,000 for a small apartment.
  • From €90,000 for a rural home in need of work.
  • From €125,000 for farmhouses in popular regions of Tuscany and Umbria.
  • From €225,000 for townhouses.
  • Apartments in the main cities such as Venice, Rome or Florence will start at €250,000 for one-bedroom flats to over €500,000 for three bedrooms.
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