Houses for sale in Italy
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- Property prices in Italy from 1,000 to 15,000 €/m²
- Stages of buying property in Italy
- Mortgage in Italy features stringent requirements for non-resident borrowers
- Property tax in Italy from 9% to 10% on purchases
- Property maintenance in Italy from 1% to 3% of the property price per annum
- How to get a residence permit in Italy
- Tuscany is the most popular region among investors
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If this amount does not exceed € 15,000 per year, it is taxed at 23% plus 2% of the annual rent. If the annual rental income is greater than € 75,000, it is taxed at 43% plus 2% of the total annual rent.
According to Italian law, non-residents must open a local bank account and transfer the full property purchase amount to it.
- Passport;
- Marriage certificate or premarital agreement;
- Tax identification code – codice fiscale (on request from an Italian consulate in the applicant's home country or the local tax authorities).
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).
For example, the payment of notary fees at 2–4% of the property's assessed value. This includes:
- Cadastral tax and a mortgage instalment – € 50 or € 200 depending on the buyer's residence permit availability;
- State duty – € 230;
- property tax – € 24.71;
- State register inscription fee – € 90;
- Notary fee – about 1–2.5% (for properties priced between € 300,000-1M the fee is € 5,000-7,000).
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ekathimerini.com
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Mansion Global
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The Portugal News
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The European Times
Among the main reasons for the heightened desire for homes for sale in Italy is the country’s unrepeated cultural zest and an immense capability of economic growth. Italy’s real estate market offers a huge number of exceptional options for both domestic and international home investors who consider buying houses in Italy, ranging from beautiful Italian villas in well-known cities and resorts near the sea to charming cottages far from the busy cities, that still wait to be explored by foreign nationals for the first time. An increasing number of European home buyers and real estate investors are now turning their attention to the Italian Republic, due to its undeniably abundant cultural heritage, picturesque landscapes and crystal-clear lakes, graceful architectural tradition, the alta moda and single-of-a kind shopping experience the country’s trade industry never ceases to offer.
Thinking of this country as a cornucopia is tantalising, yet this is nothing but the truth! The stunning local nature, including the famous green rolling heels, the most refined artwork together with the most recognisable architecture on the planet, finger-liking good foods, the best alcoholic beverages, the stunning coastline, uncommon little towns, lively bigger cities and, certainly, plenty of homes for sale in Italy, a country that makes you fall in love with itself immediately. International realty buyers can find everything starting from nice-looking cottages surrounded by olive groves in Tuscany to luxurious mansions in the very heart of Rome or, maybe, spacious Italian villas with swimming pools on the city’s outskirts. So, where should the search for Italian real estate start? Umbria is able to offer the delights that are much the same, yet having more secluded localities and being less touristy than the most famous areas of Tuscany. Abruzzo and the breath-taking northern Dolomites are perfect for anyone looking for a home in Italy hidden high in the mountains. Lazio is the birthplace of the unique Italian capital of Rome, with its ancient architecture, ruins and historic monuments. Some other cities such as Milan, with its fascinating style and Venice, best-known for its carnivals, are amazing locations where to have a house in Italy. This magic land in the Mediterranean is able to surprise the buyers with a price they would surely like.
The local government has also been willing enough to enhance the hospitality sector of the economy, turning Italy into one of the most favourite tourist destinations in the European Union and the whole world. Putting funds into Italian property is of a great economic advantage, as there is no capital gain tax levied on the proceeds obtained when buying homes in Italy. Moreover, investors can be issued Italian nationality and purchase real estate Italy has for sale at favourable prices.