How much tax is paid on residential rentals?

Italy has progressive tax rates. If you lease residential real estate on a regular basis you need to declare your total annual rental income every year. 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. However, paying less tax is possible: for example, when registering a rental contract with the cedolare secca option, the tax rate is fixed at 21% of the annual rent. And on a comodato d'uso contract, no tax is paid because this type of agreement implies a temporary provision of housing for free.

What is the apartment purchase payment process?

According to Italian law, non-residents must open a local bank account and transfer the full property purchase amount to it. In addition, 10% of the deposit must be paid by bank cheque. When the notarial act is issued, the bank will issue a cheque with the remaining amount to the seller.

What documents are required to buy an apartment in Lake Como?

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).

Which regions of Italy offer the cheapest apartment prices?

It’s possible to buy a one-bedroom apartment for about € 60,000 in the city of Pizzo (Calabria) and from € 105,000 in the region of Abruzzo.

How much does it cost to maintain an apartment in Lake Como?

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: Municipal property tax (imposta municipale unica, IMU). It is levied at 0.76% but not on the real estate used as primary residence; Waste tax (TARI) – about € 100; Municipal tax for road maintenance, street lighting, and so on. 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)

Can Italian citizenship be obtained through buying an apartment?

Property owners do not automatically become Italian citizens. It is necessary to live in the country for at least 10 years before becoming eligible for citizenship.

Which regions of Italy are the most promising for investing in real estate?

The most advantageous regions in terms of property investment are Lombardy, Piedmont and Liguria thanks to the well-developed infrastructure, which fuels price growth.

What is the process for the transaction closure?

To start, you need to open an Italian bank account and obtain a tax identification code. After that, a deposit is paid to reserve the property. The sum of the deposit is 1% of the purchase amount. Next, a sales agreement is signed. If the transaction closure is particularly time-consuming, a preliminary agreement with a deposit of as much as 10–30% can be signed. The final sales agreement is processed at a notary office. The agreement is also officially registered with Italy’s Real Estate Registration Department. The payment can be made in two ways: by a cheque or via a direct transfer of funds from the buyer’s bank account. After this is sorted, the new owner will receive the keys, sales agreement, and property register extract.

Do foreigners pay the same property taxes as Italians?

Yes, in Italy the taxes for residents and non-residents are the same. If buying a new-build you will have to pay: VAT — 4% of the property value; Fixed registration tax — € 200; Fixed mortgage tax — € 200; Fixed cadastral tax — € 200; For an existing property you will have to pay: Fixed registration tax — 9% of the property value (€ 1,000 at least); Fixed mortgage tax — € 50; Fixed registration tax — € 50. Owners pay a communal tax of up to 10.6%. Income tax for individuals is between 23–43%.

Are there any extra costs related to the purchase of apartment in Lake Como?

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: 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).

Can non-residents obtain a residential mortgage loan in in Lake Como?

Yes, but it is difficult to do so. Non-residents must have lived in Italy for at least two years and in some cases for five years. The income must be euro or dollar -denominated.

What is the process for property title registration in Lake Como?

Property title registration involves several stages. Firstly, the parties sign the sales agreement at a notary office. The notary then forwards the information to state agencies: tax authority, cadastre chamber office, and registration chamber. The lead time for documents ranges from a few days to three months, depending on the region where the transaction is closed. Only when all of the registration processes are completed does the buyer receive their original documents.

Apartments for sale in lake Como, Italy at a price of 300,000 €

Furnished apartment with a terrace and a Lake view, San Siro, Italy for 760,000 €

Furnished

Furnished apartment with a terrace and a Lake view, San Siro, Italy

760,000 €

Total area 60 m²1 bedroom1 bathroom

60 m², 1 bedroom, apartment

Lake Como, Lombardy, Italy

2 floor

760,000 € 12,666 € per m²

A prestigious apartment located in an elegant and luxurious complex, in the famous medieval castle. This fabulous property... Read more

Furnished apartment with a parking, a terrace and a Lake view, Sala Comacina, Italy for 450,000 €

Furnished

Furnished apartment with a parking, a terrace and a Lake view, Sala Comacina, Italy

450,000 €

Total area 85 m²2 bedrooms1 bathroom

85 m², 2 bedrooms, apartment

Sala Comacina, Lombardy, Italy

1 floor

450,000 € 5,294 € per m²

A sunny apartment located on the ground floor has a covered parking space and is tastefully furnished. The windows... Read more

Residence permit

New apartments with sea views in Nice, Cote d'Azur, France

410,000 €

2 bedrooms 1 bathroom

Penthouse – Lake Como, Lombardy, Italy for 830,000 €

Sea view

Penthouse – Lake Como, Lombardy, Italy

830,000 €

Total area 120 m²2 bedrooms2 bathrooms

120 m², 2 bedrooms, penthouse

Lake Como, Lombardy, Italy

830,000 € 6,916 € per m²

Apartment – Cernobbio, Lombardy, Italy for 395,000 €

Furnished

Apartment – Cernobbio, Lombardy, Italy

395,000 €

Total area 135 m²3 bedrooms2 bathrooms

135 m², 3 bedrooms, apartment

Cernobbio, Lombardy, Italy

395,000 € 2,925 € per m²

Apartment – Ossuccio, Lombardy, Italy for 420,000 €

Sea view

Apartment – Ossuccio, Lombardy, Italy

420,000 €

Total area 120 m²3 bedrooms3 bathrooms

120 m², 3 bedrooms, apartment

Ossuccio, Lombardy, Italy

420,000 € 3,500 € per m²

Apartment – Argegno, Lake Como, Lombardy, Italy for 490,000 €

Sea view

Apartment – Argegno, Lake Como, Lombardy, Italy

490,000 €

Total area 188 m²4 bedrooms2 bathrooms

188 m², 4 bedrooms, apartment

Argegno, Lake Como, Lombardy, Italy

490,000 € 2,606 € per m²

Apartment – Lake Como, Lombardy, Italy for 750,000 €

With balcony/terrace

Apartment – Lake Como, Lombardy, Italy

750,000 €

Total area 150 m²Land area: 250 m²3 bedrooms2 bathrooms

150 m², 3 bedrooms, apartment

Lake Como, Lombardy, Italy

750,000 € 5,000 € per m²

Apartment – Menaggio, Lombardy, Italy for 1,400,000 €

Sea view

Apartment – Menaggio, Lombardy, Italy

1,400,000 €

Total area 200 m²Land area: 800 m²3 bedrooms2 bathrooms

200 m², 3 bedrooms, apartment

Menaggio, Lombardy, Italy

1,400,000 € 7,000 € per m²

Apartment – Blevio, Lombardy, Italy for 710,000 €

Sea view

Apartment – Blevio, Lombardy, Italy

710,000 €

Total area 120 m²2 bedrooms1 bathroom

120 m², 2 bedrooms, apartment

Blevio, Lombardy, Italy

710,000 € 5,916 € per m²

Apartment – Ossuccio, Lombardy, Italy for 355,000 €

Furnished

Apartment – Ossuccio, Lombardy, Italy

355,000 €

Total area 69 m²2 bedrooms1 bathroom

69 m², 2 bedrooms, apartment

Ossuccio, Lombardy, Italy

355,000 € 5,144 € per m²

Apartment in the center of the city, Como, Italy for 2,200,000 €

Furnished

Apartment in the center of the city, Como, Italy

2,200,000 €

Total area 220 m²3 bedrooms2 bathrooms

220 m², 3 bedrooms, apartment

Lake Como, Lombardy, Italy

3 floor

2,200,000 € 10,000 € per m²

The apartment is located in the heart of the city of Como in an elegant antique building on the first line of Lake... Read more

Sea view

Apartment – Ossuccio, Lombardy, Italy

355,000 €

Total area 69 m²2 bedrooms1 bathroom

69 m², 2 bedrooms, apartment

Ossuccio, Lombardy, Italy

355,000 € 5,144 € per m²

Apartment – Lake Como, Lombardy, Italy for 800,000 €

Sea view

Apartment – Lake Como, Lombardy, Italy

800,000 €

Total area 160 m²4 bedrooms2 bathrooms

160 m², 4 bedrooms, apartment

Lake Como, Lombardy, Italy

800,000 € 5,000 € per m²

Sea view

Apartment – Argegno, Lake Como, Lombardy, Italy

750,000 €

Total area 120 m²3 bedrooms3 bathrooms

120 m², 3 bedrooms, apartment

Argegno, Lake Como, Lombardy, Italy

750,000 € 6,250 € per m²

Apartment – Griante, Lombardy, Italy for 360,000 €

Furnished

Apartment – Griante, Lombardy, Italy

360,000 €

Total area 95 m²Land area: 200 m²2 bedrooms2 bathrooms

95 m², 2 bedrooms, apartment

Griante, Lombardy, Italy

360,000 € 3,789 € per m²

Apartment – Lake Como, Lombardy, Italy for 550,000 €

Sea view

Apartment – Lake Como, Lombardy, Italy

550,000 €

Total area 153 m²2 bedrooms2 bathrooms

153 m², 2 bedrooms, apartment

Lake Como, Lombardy, Italy

550,000 € 3,594 € per m²

Furnished

Apartment – Lake Como, Lombardy, Italy

2,200,000 €

Total area 240 m²4 bedrooms3 bathrooms

240 m², 4 bedrooms, apartment

Lake Como, Lombardy, Italy

2,200,000 € 9,166 € per m²

Luxury apartments with views of the Lake and sea, Lalliot, Italy for 1,200,000 €

Furnished

Luxury apartments with views of the Lake and sea, Lalliot, Italy

1,200,000 €

Total area 134 m²

134 m², apartment

Lake Como, Lombardy, Italy

1,200,000 € 8,955 € per m²

The apartments are located in a modern new complex with a private covered dock with an automatic mooring system. The renovation... Read more

Apartment – Musso, Lombardy, Italy for 430,000 €

Furnished

Apartment – Musso, Lombardy, Italy

430,000 €

Total area 110 m²2 bedrooms2 bathrooms

110 m², 2 bedrooms, apartment

Musso, Lombardy, Italy

430,000 € 3,909 € per m²

Prestigious apartments in a picturesque area of the city, Como, Italy for 704,000 €

Furnished

Prestigious apartments in a picturesque area of the city, Como, Italy

704,000 €

Apartment

Lake Como, Lombardy, Italy

704,000 €

The complex has 120 apartments with different layouts: from 70 m² — two-room apartments (one bedroom) from 90 m² —... Read more

Apartment – Cernobbio, Lombardy, Italy for 1,750,000 €

Sea view

Apartment – Cernobbio, Lombardy, Italy

1,750,000 €

Total area 243 m²Land area: 175 m²3 bedrooms3 bathrooms

243 m², 3 bedrooms, apartment

Cernobbio, Lombardy, Italy

1,750,000 € 7,201 € per m²

Apartment – Bellagio, Lombardy, Italy for 880,000 €

Sea view

Apartment – Bellagio, Lombardy, Italy

880,000 €

Total area 120 m²3 bedrooms2 bathrooms

120 m², 3 bedrooms, apartment

Bellagio, Lombardy, Italy

880,000 € 7,333 € per m²

Apartment – Faggeto Lario, Lombardy, Italy for 390,000 €

Sea view

Apartment – Faggeto Lario, Lombardy, Italy

390,000 €

Total area 100 m²Land area: 70 m²3 bedrooms2 bathrooms

100 m², 3 bedrooms, apartment

Faggeto Lario, Lombardy, Italy

390,000 € 3,900 € per m²

Apartment – Lake Como, Lombardy, Italy for 500,000 €

Sea view

Apartment – Lake Como, Lombardy, Italy

500,000 €

Total area 145 m²2 bedrooms2 bathrooms

145 m², 2 bedrooms, apartment

Lake Como, Lombardy, Italy

500,000 € 3,448 € per m²

Duplex in an elite residential complex with a swimming pool, Menaggio, Italy for 510,000 €

With balcony/terrace

Duplex in an elite residential complex with a swimming pool, Menaggio, Italy

510,000 €

Total area 173 m²Land area: 400 m²3 bedrooms2 bathrooms

173 m², 3 bedrooms, apartment

Menaggio, Lombardy, Italy

510,000 € 2,947 € per m²

In the residential complex there are three-room, four-room and five-room apartments, as well as duplexes with a magnificent... Read more

Apartments for sale in Lake Como

FAQ about Lake Como