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. Matteo also has his mortgage broker's license and works with banks specialized in granting mortgages to foreign nationals. The LTV is generally 60% fixed interest rate (requiring a 40% down-payment) and a 25-year term. For more information or to get prequalified, contact us here.
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. INVEST IN ITALY is a team of real estate agents led by Matteo Spadafora who all know the intricacies of Italian law and have vast knowledge and experience in the field. We're 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, fill out our Property Search request form to be connected with our specialized team and recommended tailored listings, skipping the legwork of scouring through hundreds of listings online by yourself.
When you're ready to move forward, all transactions with INVEST IN ITALY, as well as eventual off-market listings, are commission-based.
Though we are based in Milan, our agency services extend throughout the country, assisting you with property searches, real estate investments, mortgage approval, and listing your home for sale, anywhere in Italy.
No; all real estate services are tailored to your specific needs so there are no restrictions on property type, location, or budget.
Yes. For all transactions on property sales or acquisition, 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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