Buying a Property in Italy | Italian property market update

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Exciting news for anyone due to complete the purchase of an Italian property in the near future or thinking of investing in the Italian property market this year
If you are buying a property in Italy in 2014, due to a restructure in Land Registry charges, house prices will decrease. Italy is one of the only countries in Europe that can boast lower rather than higher charges, the majority of countries are increasing their charges…
If you purchase from a private individual as a first or main home you will save €1,260 in every €100,000, again another 1% decrease.
So, if your Italian property is €300,000 you will save the sum of €3,780 on a first home and €2,700 on a second home.
In these times when just about every which way you turn you are paying more, this is an unexpected surprise. It is also the time when property prices are still at their lowest but are starting to show signs of rising in the more popular areas, so now is a perfect time to buy a property.
Luxury Italian real estate is showing signs of increasing, another very positive factor when you are considering buying your property in Italy is the absence of inheritance tax as long as you leave the property to a close relation.
Finally, if you do not sell the property for 5 years capital gains tax in Italy is not payable.

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Posted 267 weeks ago

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