For travelers, food can make or break a city; the more culinary options there are in a city, the more enticing a destination it will be among tourists and expats. Toward this end, a team of analysts at international real estate brokerage Tranio have conducted a survey on food outlet penetration across major European cities, taking into account the housing prices and quality-of-life rankings.
Retiring abroad is a growing trend. People relocating abroad can enjoy their senior living at its best: in a warm climate, by the sea, and with quality healthcare. Here is an overview of European locations for retirement with living costs and a roadmap for choosing your place in the sun.
A student visa for Italy may be of two types: a short-term and a long-term visa.
Italy grants residence permits to financially independent individuals that earn high passive income. Wealthy foreigners may obtain a special elective residence permit or Residenza Elettiva.
In May 2020, Italy cut in half the requirements for a residence by investment permit. In order to obtain a residence permit for Italy, it is now enough to invest €250,000 (instead of €500,000 before) in an Italian start-up or €500,000 (instead of €1,000,000 previously) in a local company.
Foreigners that go to Italy on business must apply for a business visa. This type of visa permits the holder to take part in business meetings and negotiations with foreign business partners, make supply or cooperation agreements, or participate in training sessions at production sites.
Tranio conducted its eighth annual survey, analysing the investment and property purchasing patterns of Russian and CIS nationals abroad. The survey was primarily focussed on income property, looking at the top locations for investment, yield expectations, budgets, and preferred asset classes, as well as the general presence of Russian-speaking investors in local markets.
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About 32,000 international students attend universities in Italy. Rome, Milan, Pisa and Bologna are the most popular cities among students. Italian academies for fine arts, fashion and design are considered the best in the world.
It costs about 1–3% of the market value per year to maintain real estate, pay taxes, utility bills and insurance costs in Italy.
A common pathway towards migrating to Italy begins with obtaining a short- or long-term visa (type C or type D) that allows its holder to enter the country.
Italy’s tax system is complicated and buyers should seek advice from an expert before purchasing real estate.
In Italy, mortgages are granted for pending constructions, existing property and renovations. Banks impose more stringent requirements on foreign citizens regarding the assessment of the mortgaged property. Therefore, foreign nationals are more likely to be granted a mortgage on high-end, liquid property.
There are no restrictions on foreign citizens purchasing property in Italy. A transaction can be made on behalf of legal entities or individuals. Buyers should know that things in the north and south of Italy don’t necessarily work the same way.
The hot climate and beautiful seas lure property buyers to Campania, Calabria, Apulia, Sicily and Sardinia in the south of Italy.