Rental support is being taken to assist property owners in difficulty throughout the country.
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.
The Alps are
About 32,000 international students attend universities in Italy.
It costs about 1–3% of the market value per year to maintain real estate, pay taxes, utility bills and insurance costs in Italy.
Under the Italian legislation, all foreign citizens are either tourists (turista), if their residence in Italy does not exceed three months, or residents (residente), if their residence exceeds three months.
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.
Italy is rolling out a new
The walls of these properties have witnessed historic political discussions, romantic intrigue and some of the most extravagant social gatherings over the past five hundred years.
Italy is a popular country for holiday home buyers — but who is leading the charge? According to research by
Two years ago, Italian property was well within the budget of Russian buyers but the crisis has taken its toll on their wealth and Italy’s real estate recovery.