Buying A Property in Italy

Summarized by Dina Mardiana

Writing about buying property in Italy would have been limited to some run-down farmhouses in Tuscany and a few apartments on the seafront in Liguria. But an increasing number of foreign nationals have taken to purchasing real estate in Italy over the course of the past fifteen years.

The prime real estate purchases in Italy by foreign nationals in recent years have been concentrated in rural regions of the country. There are no real restrictions on foreign nationals purchasing real estate in Italy beyond a bit higher purchase registration tax.

As a result, regions of Italy such as Veneto, Marche, Lazio and Calabria are becoming more popular. The vast majority of foreign nationals who have taken to purchasing and owning real estate in Italy are from within one or another of the European Union nations. British investors have been particularly active in buying and investing in real estate in Italy during the past five to ten years.

In part, this is due to the typical British desire to renovate old and neglected properties, but a large number of British buyers are becoming more adventurous because of the ease and relatively low cost with which they can reach parts of Italy.

The biggest rush of selling when it comes to residential property has occurred outside some of the major cities in Rome. In truth, there have always been opportunities to buy property in Italy's more authentic regions. Just minutes from the coast in Liguria, Italian property company Taylor Made are marketing the redevelopment of a village property in Stellanello.

When it comes to finding private residences in the larger cities in Italy, apartments remain one of the most popular types of residential property bought and sold in the 21st century. Many foreign nationals have invested in apartments in the more major Roman cities over the course of the past decade for two primary reasons.

First, these apartments are allowing these foreign nationals a second and often more affordable residence in one or another of the Roman major cities for their own purposes. Second, many people from other nations are making the purchase of these apartments in the larger cities in Italy to then be let or rented to other individuals.

Tuscany is also a region which will shoot up the list of tempting property for sale in Italy. However, buying property in Italy in this region is rather expensive. As an alternate, Calabria could be checked. Calabria is the destination for the curious, and has as yet to be completely discovered. It is largely a mountainous region, with the most tantalizing hidden secrets to confer. In addition to this, the west coast of Italy presents Sardinia, the second largest island in Mediterranean Sea.

When it comes to the purchase of real property in Italy, a foreign national must pay an 11% purchase registration tax after the sale itself is consummated. An Italian citizen must only pay a 4% purchase registration tax.

As I was writing the above article, it struck me that you may be interested in reading this too: I hope you find it useful italy travel guides and traveling italy

Buying Property Italy

buying property in italy

Buying A Property in Italy

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