Absolutely! There are no restrictions on foreign ownership in Italy.
If you secure financing in your country or pay cash, it is a very straightforward process. Obtaining a mortgage in Italy as a non-resident is a bit trickier but doable. Invest in Italy works with mortgage brokers who specialize in granting financing to foreign nationals. LTV is generally 60% fixed interest rate (requiring a 40% down-payment) and a 25-year term. For more information, read our blog post here.
We've also partnered with a private lender to grant interest-free mortgages for up to 30 years with just 30% down. Contact us for details.
No; you can still live abroad and use your property as a vacation home or as an investment property. If, however, you want to take advantage of the bonus "Prima Casa" incentives, you must transfer your residency within 18 months.
U.S. citizens can live in Italy 6 months of the year without a visa by: (1) staying up to 90 days, (2) leaving for 90 days, and (3) returning for a fresh 90 days. For longer types of visas and depending on your unique situation, you may qualify for an Elective Residence Visa, Work Visa, Self-Employment Visa, or Investor Visa. For more information, please visit our blog.
No; to rent a property everything can be done remotely. For the purchase of a property, you can give a Power of Attorney to sign the Deed of Sale before the notary, which is included in our Buyer Representation Services.
Expect to pay 6-10% of the property's purchase price in closing fees. These costs include: agency fees, notary fees, and registration taxes. For a detailed breakdown, please see our blog post here.
We commonly hear people mistake Italy for having high property taxes. This is incorrect. Depending on location and property type, property taxes are very low and range between 0.2% to 0.5% of the purchase price. This is lower than the European average and less than half of the 1.1% US average.
If you are retired and live abroad, property taxes are halved. If you move to Italy and transfer your residency, you won't pay any property taxes on your primary residence! For more information, read our blog post here.
Our services streamline the search process, eliminate the need for multiple international trips, and make negotiating and liaising with local professionals a breeze. As a real estate agent who knows the intricacies of Italian law, Matteo is also surrounded and supported by a team of 15 agents at RE/MAX Alliance, located in the heart of Milan, with vast knowledge and experience in the Italian real-estate market. He is able to secure you a better deal and terms, and make buying or selling your home in Italy a swift and smooth process.
If you're interested in buying or renting a property in Italy, submit your search criteria here to receive all listings throughout Italy that meet your wants and needs.
You'll skip the legwork of scouring hundreds of listings online and offline and having to coordinate with local listing agents, many of whom do not speak English. We'll send you listings that match your search criteria and ask for feedback along the way to perfect our search process. When you're ready to move forward, all transactions within RE/MAX's portfolio, as well as eventual off-market listings, are commission-based.
Though we are based in Milan, we are available to search throughout Italy to find your new home or income-producing property, according to your search preferences.
No; all Property Scouting services are tailored to your specific needs so there are no restrictions on property type, location, or budget.
Yes. For all transactions on listings through RE/MAX, a standard commission fee is applied.
According to Italian law, the broker's commission is due upon acceptance of the buyer's offer by the seller.
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