Residential property maintenance costs comprise three parts: tax, utilities, and insurance. Italy introduced a unique communal property tax called imposta unica comunale (IUC) on January 01, 2014. It is calculated on three taxes:
On average, the tax on an 85 m² apartment is about € 850 per year.
As for utility payments, they depend on the property. Anywhere between € 200-5,000 per annum for an apartment, depending on its size, while a villa with a swimming pool will be somewhere between € 1,200-6,000 per annum.
The insurance fee depends on a property’s value and usually ranges from € 300-2,000 per annum (usually 1–2% of the property value)
Yes, in Italy the taxes for residents and non-residents are the same.
If buying a new-build you will have to pay:
For an existing property you will have to pay:
Owners pay a communal tax of up to 10.6%. Income tax for individuals is between 23–43%.
Yes, in addition to the expenses mentioned above there are a number of additional costs. For example, the payment of notary fees at 2–4% of the property's assessed value. This includes: