Property for sale in Tuscany
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- Tuscany, 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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Euronews Source
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ekathimerini.com
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Issuu
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Mansion Global
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The Portugal News
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The Spaces
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BasNews
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The European Times
I often have to warn clients about offers promising extremely high yields (7‑10%) and guaranteed rental contracts in the first few years of ownership. This is usually a sign of the property's illiquidity and the asking price being overestimated by at least 1.5 times. Buying such a property will usually involve paying for the 10% yield on top of everything else, and at the end of the guaranteed rental term the investor is likely to be left without the tenants and the chance to sell the property at a profit.
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3-5 %
Average rental yield in Italy
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1,873,066 €
Average property price in Tuscany
Property in Tuscany Brief overview
Tuscany is the most famous Italian region abroad. Its showpiece are the unending green hills sweeping away to the horizon. Property in Tuscany is popular among foreign nationals not only because of the fascinating landscapes: the local market is distinguished with stability, and buying residential property in Tuscany can become a profitable investment.
The main highlight of the region are the incredible natural landmarks. Tourists come there to admire Val d'Orcia, Chianti hills and the picturesque Maremma. In addition to the masterpieces created by nature, Tuscany is rich in man-made treasures. There are examples of all forms of the Renaissance art: painting, sculpture and architecture. Tuscany houses six landmarks included in the UNESCO's World Heritage list, which are the historical centres of Florence, Siena, Pisa, Pienza, San Gimignano, Piazza del Duomo and Val d'Orcia.
The most expensive property in Tuscany can be found at Forte dei Marmi, owned by Russian oligarchs and celebrities. Prices per square metre average €8,500 there. The residential property located in Tuscany, namely the commune of Monte Argentario is also considered prime. The local property is owned by several industrial tycoons and the Gucci fashion house. Residential property prices range from €5,000 to €7,000/m2;, rising several-fold in the case of exclusive offers.