Buying in Italy

Buying property in Italy is straightforward and this will give you some idea how easy it is:

1. Once the reservation contract has been signed on your new property the lawyer will take approximately two to four weeks to carry out checks before you sign the main contract. It isn’t necessary to appoint two lawyers, one here and one in Italy, otherwise you double the legal bill and the Italian lawyer is quite capable of looking after your interests!
2. As a rough guide, the total costs incurred in purchase will be approximately 16% of the purchase price.
3. You need a permit to buy in Italy but which one depends on your personal circumstances, ie whether it is a holiday home or you plan to take up residence, whether you intend to work in Italy or send your children to school there.
4. Buyers and sellers are usually required to attend in person to sign documentation but for the sake of expediency, it’s common to appoint a Power of Attorney. It’s very easy to move money in and out of Italy.
5. Mortgages are available, subject to the usual financial checks, up to about 75% of the purchase price.
6. A good agent should hold your hand through the process so you have little to worry about.