You are doing the right…
Submitted by stevegwmonkseaton on Thu, 04/30/2020 - 18:19You are doing the right thing reading up on it! Keep doing so…. To be taxed less when buying (on the purchase) you have to state you are going to be resident there, which leads to income tax and a very complex situation. Income tax is much higher in Italy, so you probably don’t really want to end up taxed over there on income.
Thank you! Yes I will…
Submitted by Cosmictwilight on Thu, 04/30/2020 - 20:08In reply to You are doing the right… by stevegwmonkseaton
Thank you! Yes I will definitely keep reading up about it all. To be honest I’ve no idea how I would make it happen and this is me planning my years ahead I’ve several things happening in the UK so it wouldn’t be likely to happen in near future. It is still something however I do want to do.
Ciao! I can tell you that…
Submitted by Luxury Law on Sat, 05/02/2020 - 12:11Ciao!
I can tell you that this seems to be the right moment to buy a property in Italy, even if the lockdown situation is very uncertain.
Price are actually slightly lower, and people from abroad are considering, same as you, to search for a property or, alternatively, a land where to build there house on.
Why do I know this? Because I frequently speak to foreign people who have the same doubts as yours, and to answer some of their questions I forward them this articles, which you might find interesting.
We have also interviewed a Realtor of our trust, and soon we will post an article about how the market is going in Italy during this difficult time. If you are interested, I will let you know once it will be online.
Regarding property taxes and residency, I confirm that property taxes are much lower when you move your residency to Italy. However you have 18 months time from the date of the completion to move it. Both costs for taxes when you buy and annual taxes will be lower, and if you are a first home owner some taxes such are IMU are not due.
If you have any specific query, please just write it here, and I will be pleased to answer them on a professional way, since this is my core business. I hope I can be of help!
Stay Safe!
Ok thank you for your…
Submitted by Cosmictwilight on Sat, 05/02/2020 - 16:26In reply to Ciao! I can tell you that… by Luxury Law
Ok thank you for your comment. I am no position to buy at the moment or for even near future it’s literally something I’m just thinking about I have a lot of things to do in the UK first. I appreciate you taking the time to respond and it was very helpful.
kind regards
It is very straight forward…
Submitted by stan on Mon, 05/04/2020 - 05:59It is very straight forward buying in Italy , if you are going with an agent they will arrange everything from viewing to arranging a notary..I have bought and sold in Italy and have had no problems at all..When you decide to buy the agent will normally arrange a local notary and someone who can speak English to translate the contract,or there are notaries in the uk that can do it for you..Either way don’t worry I am more than happy to help if you need any help or tips..
Thank you.
Submitted by Cosmictwilight on Wed, 05/06/2020 - 12:02In reply to It is very straight forward… by stan
Welcome to the forum Stan…
Submitted by stevegwmonkseaton on Tue, 05/05/2020 - 04:52Hi Steve I bought an…
Submitted by stan on Tue, 05/05/2020 - 05:40Hi Steve I bought an apartment in Basilicata about in 2008 the process didn’t take long at all, we had a goood agent in Italy who handled everything..The process is much like buying a house in England..When we sold it last year we had no problems either, I only sold it because our circumstances changed in England but we had good use out of it all the same..I think the market is slow in Italy as it is here and prices are not rising that quick..I think it depends on where you buy also the south is slower than the north but we found it not as commercialised and prettier..If you have any more question I’m happy to help..regards Stan.
As others have said, the…
Submitted by Tony114 on Sat, 05/23/2020 - 12:12As others have said, the buying process is straightforward and once a price is agreed there is a deposit paid and both parties cannot back out without a chunky cost, unlike the UK. Prices are good but i would advise looking beyond the headline price. We used to stay in a place in rural Southern Italy, beautiful countryside, great food, cheap, people as good as anywhere BUT a pain to get to which made short breaks impratical or expensive (always needing a hire car). We changed and settled on a place in small town with a shops, bus and train services all in walking distance and only one hour from airport. We now use it alot (current situation forcing a pause). I would also recommend a more modern place that is easy to maintain and ideally an appartment or terrace with garden but in a small building without or just a small or no condominium charge. Rustic and rural places are charming and cheap but require more maintenance and are not lock and forget.