Property for sale Italy - Houses For Sale in Italy
Find a unique selection of homes for sale that may not be listed anywhere else! Homesgofast.com is an international real estate website that features real estate for sale from all over Italy. Find Italian properties on sale from some of the best Italain real estate agents and motivated owners selling directly by owner. We often received questions " can a foreigner buy property in Italy? There are no restrictions on foreign ownership in Italy.
searches for Italian property
- Friuli-Venezia Giulia
- Lazio property
- Le Marche
- Sicily property
- Trentino-South Tyrol
- Tuscany property
- Umbria property
- Valle d`Aosta
Is there any Tax relief on a home in Italy?
Whatever the reason for investing in Italian property, it’s important to remember that buyers need around 10% of the purchase price to cover fees such as stamp duty, legal costs, agents fees, etc. However, the cost of ownership in the country is low, especially if compared to other countries, as there is no capital gains tax after five years and no inheritance tax. The country has also been feted in recent times for making the purchase process less bureaucratic and less complicated for overseas investors.
And what is more the Government has also reduced the fiscal burden on property taxes with the Finanziaria 2016. This means that owners of primary homes, unless they are luxury abodes, in 2016 won’t pay Tasi, which is the tax on municipal services, such as road maintenance or street lighting and cleaning, etc.
In case you buy a house in Italy and you decide to rent it out with a ‘regulated contract’ (locazione a canone concordato), you will benefit of a 25% discount on both Tasi and Imu. It is a renting contract with fixed duration that is regulated by the local authorities.
Property in Tuscany proving popular to overseas buyers
Tuscany is one of Homesgofast.com busiest regions to buy both Italian houses and land. We offer a superb selection of homes on ranging from 2 bed flat for sale
3 bed country house for sale, 3 bed detached villa for sale, Hotel for sale Firenze, Florence, Tuscany, commercial property for sale Forte Dei Marmi, Lucca, Tuscany.
The capital of Tuscany, Florence is often described as a colossal outdoor museum because of its mass of art and architectural treasures Regions of Tuscany include
Val d’Orcia is a picturesque region that includes several amazing villages, castles, hamlets, and farmhouses.
Siena Established upon three hills in the heart of Tuscany, Siena offers tourists a step back into the Middle Ages with its well-preserved historic center and medieval horse racing tradition, known as Il Palio. sale Italy
San Gimignano delle Belle Torri is a small medieval town dating back to the eighth century. It is perhaps the most famous of Tuscany’s small towns. Located along the Arno River in the northwestern region of Tuscany, the city of Pisa still bears the striking remnants of its former golden days as a commercial empire during the Middle Ages.
Lucca is probably best known for its imposing Renaissance walls and the medieval center that its encloses. Inside the city are many beautiful churches and gardens.
Chianti region includes Florence and Siena and all the area between, but it also includes the area to the west through Val d’Elsa and to the east through Valdarno.
Selling Italian property to foreign buyers
If you are looking to sell your Italian real estate to international buyers advice when selling a property from Poland to international buyers is to
Present your property well by using good quality photographs. When writing your description always include how close the property is to major transport links such roads, stations and airports. Always consider who the buyer might be. Many overseas buyers buy property as a second home or investment. In this case think about what the property would offer an investor and holidaymaker. Never over price to test the market! This is one of the biggest mistakes owners make when the sell a property online. Buyers will always compare one property against another and the internet makes this easy to do. Always invite people to make an enquiry so they can learn more about the property for sale. Finally consider taking a video of the property to show potential buyers so they can see fully the property.
More advice here
Buying a house in Italy what is legal process
Any money remitted from outside Italy for purchasing property should be officially documented to ensure that the proceeds of any resale can be repatriated.
The first step to purchasing property in Italy is to hire a real estate attorney, to protect your interests. Although the real estate transfer process is a regulated process, it is potentially biased against the buyer. Keep in mind also that Italian law provides for pre-contractual liability. In the event that you feel aggrieved by the seller’s unfair behaviour, you can file charges to be reimbursed for expenses.
Once you have chosen the property, make an offer. You must pay 1% of the purchase price as a gesture of good faith. Unfortunately, an offer of purchase is only binding on the buyer; the seller may still consider other offers. It is best to specify a time limit in the offer document, so as not to be left hanging by the seller.
See Telegraph article Golden Rules when buying Italian Property
Advice when buying real estate in Italy
- Never sign a contract that is written in another language that you don’t understand without a translation.
- Don’t miss out or circumvent any legal procedures for cash benefits offered by the buyer
- Research and follow local laws on buying and renting out property
- Always get written confirmation of what has been agreed in any negotiations and always insist on a paper (preferably not electronic) receipt for monies paid
- Check that the seller or property developer owns the title deeds to the property or land and can transfer them to you. If buying brand new, or partially built, from a developer, check that the title deeds for the property in question actually exist
- Check that the deeds to the property or land have not been offered as collateral for any loans
- Check whether the owner has outstanding utility bills, local tax demands etc that you may be liable for on purchase of the property
- Talk to other property owners in the area or on the development to establish if there are any issues you should be aware of before purchasing (such as floods in winter, lack of water or electricity supplies in summer)
More advice: Gov UK.
Selling a property don’t forget about your currency
One of our top tips to people selling and buying a property to people from another country is to research currency exchange methods. Property transactions are all vulnerable to foreign currency exchange rates and small fluctuation can mean huge losses. To negate this risk its always wise to take the advice of a foreign currency specialists who can book rates, provide lowers fees and better rates than many banks. Unless you are buying.
Learn more about Money transfers for overseas property
Americans buying Italian Real estate