Real Estate Blog

August 31st, 2007 by lana

FAQ

1. What is the first thing I should do before going to Italy to buy property?

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August 31st, 2007 by lana

Property in Italy is registered on a property register in much the same way as in the U.K., and there is therefore a certain similarity with the English conveyance system. ( for more info click here)

August 30th, 2007 by lana

A variety of fees (also called closing or completion costs) are payable when you buy a property in Italy.
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August 30th, 2007 by lana

Italy is well known for its red tape, and this of course can include property transactions. This does not mean that the system is any worse than others : in fact, despite the cogs of the bureaucratic machine moving more slowly it is in some ways a safer environment in which to buy property. There are three steps involved in buying a property in Italy :… ( for more info click here)

August 21st, 2007 by lana

The information contained in this document relates only to people not resident for tax purposes in Italy. A person is resident for tax purposes if:

* They are physically present in Italy for more than 182 days in any calendar year;
* Their main home is in Italy;
* They are in business or employed in Italy
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August 21st, 2007 by lana

The real estate market of Italy is becoming very stable. The strongest segment is still the residential market, but office and retail real estate are showing positive growth rates too. International investments are also growing. ( for more info click here)

August 16th, 2007 by Tea

Corporate income tax

The standard rate of corporation tax (IRES) is 33%. A local profit tax (IRAP) generally applies at 4.25% on an adjusted profit figure which is calculated by deducting production costs from sales value, with wages and interest expenses (for non-financial companies) not deductible. IRES and IRAP taxable bases are different, so the effective tax rate is not simply 37.25%. These taxes apply to an Italian or foreign resident company holding property in Italy and are generally reportable to the tax authorities on an accounting year basis.(for more information click here)

August 16th, 2007 by Tea

Buying a house in Italy is no more complicated than buying a house in Britain provided that the appropriate precautions are taken, especially with regard to legalities. This means ensuring that you have independent legal advisors. Many agents offer legal advice as part of their range of services. Though this may seem to simplify the purchasing process, there may be a conflict of interests should you require changes or clarifications of the contract. An independent lawyer is motivated solely by the desire to make sure that the property you buy has good title, appropriate planning consent, is free of debt, charges and other burdens. This motivation is compromised if the agency selling a property to you is also advising you legally.(for more information click here)

August 14th, 2007 by lana

When you first arrive in Italy before renting or buying a house or apartment, for example in Rome, it is a good idea to spend a bit of time in a apartment with a short term rental agreement or in a hotel or “pensione” (a more modest type of accommodation, although some can be very nice and friendly in residential areas) so that you get your bearing and become acquainted with the various neighborhoods or parts of the town, as well as with the public transportation system. ( for more info click here)

August 11th, 2007 by lana

Thousands of homes are sold every year, and the vast majority of these sales involve the work of an estate agent.
Here’s our guide to getting the best from your agent. ( for more info click here)