A: Yes, Italy allows foreigners to buy property. There are no restrictions for EU citizens, and non-EU citizens are generally allowed to purchase a property in Italy. However, it depends on the bilateral agreements with Italy, if any, and its conditions.

A: Apart from the property price, buyers should consider notary fees, registration taxes, agent fees and potential legal fees. These costs typically amount to around 10-15% of the property value.

A:

• Translations of Land Searches and Title Searches;
• Written Explanatory Report of the Investigations;
• Italian Notary fees;
• Italian Real Estate Agent fees**
• Legal advice;
• Financial advice;
• Any other fee that is not expressly mentioned under the section Service fees

** The Italian Real Estate agencies usually charge between 2-3% to both parties, seller and buyer.

A: In general, foreigners can buy any type of property in Italy. However, there may be restrictions on buying certain historical or cultural properties.

A: The process involves making an offer, signing a preliminary contract, conducting due diligence, and completing the final deed of sale at the notary’s office. Working with an expert and legal professional is recommended if you are not familiar with the Italian Legal System.

A: The Codice Fiscale is an Italian tax code required for various transactions, including buying property. It’s essential for buying a property and opening a bank account in Italy. It is not necessary being an Italian Citizen or Resident to apply for and be granted with a “Codice Fiscale”.

A: Yes, banks in Italy offer mortgages to both residents and non-residents. However, the lending criteria might be different for non-residents, and interest rates can vary.

A: Property taxes include IMU (Imposta Municipale Unica) and TASI (Tassa sui Servizi Indivisibili). Rates depend on the property’s location, size and usage.

A: Conduct thorough due diligence, including checking land registry records, permits, and any potential legal issues. Working with a Lawyer is crucial for a smooth process.

A: Yes, you can rent out your property. Italy has a well-established rental market, and many property owners choose to rent out their homes, especially in tourist areas. Most of the foreigner investors in real estate market opt for a hybrid option, such as rent it out for a limited period of the year and use the property for leisure.

A: Yes, conditions may vary depending on the Region where the property is located since there are Regional Regulations governing the Airbnb rules.

A: it depends on the country where you are from and your intended stay in Italy. For instance, Australian Citizens may stay in Italy for three months per year without any Visa or permission.