How to buy a Property in Italy
Buying a property in Italy is no different to buying a property in any country. It is wise to have sound legal advice to hand at all times and using a local Solicitor or Lawyer resident and familiar with Italian Real Estate Law is highly recommended.
Our Property Consultants situated in Italy can provide independent advisers and legal counselling.
A foreign national buying property in Italy should be aware that they have the same rights as and Italian citizen except that a foreign national pays a higherpurchase registration tax of 11% whereas an Italian citizen only pays a 4% purchase registration tax.
Buyers of Italian Property should ensure they have sufficient finance in place not to forget our consulatnt will have the ability to place your request for Italian Bank Mortgages.
The title to the property is to be checked to be sure that it is free and clear of any and all encumbrances - the seller should make preparations to ensure buyer confidence with all paperwork
Upon the the seller and buyer agreeing to the conditions of sale the buyer will be required to place a deposit - often the normal 10% of the total purchase price ir usual but it can run higher and it is wise to check the level of commitment at the outset and the normal procedure is for deposits to be non refundable.
An Italian Notary a has a good level of responsibility when it comes to overseeing the property transaction, which should be seen as added comfort for any buyer, including carrying out title searches to work to make certain that the title to the property is free and clear of any obvious defects or liens.
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