How to Buy in Irsinia Village Italy
Why invest in Italy:
The first question every potential investor asks himself is what to
invest in. With some stock market investments and pension schemes not
fairing very well, real estate is an attractive option. The second question
is where to invest, particularly in light of spiraling real estate prices
in the U.K. and elsewhere. Southern Italy is a safe and delightful alternative.
Italian culture is based on traditions, on the family and on the life
that revolves around the home. Being a property owner has dominated the
priorities list of most Italians in the last century, also thanks to
government-introduced home purchase incentives. Property ownership has
always been taken very seriously as an investment opportunity in Italy
because of the potential returns. In fact, the market for second and
holiday homes has expanded in recent years as investors have sought them
out not only as an avenue for entertainment and travel, but also for
their investment potential. Investors buying a house stand
to benefit from both aspects.
The various phases of the Terre D'Irsina project:
The properties sold as part of the Terre D’Irsina project will
be restructured faithfully to adhere to local materials and history and
only using the local workforce in order to give back to the community
and to help create sustainable development of services for the locals.
The houses will have the added benefit of the modern technologies that
make life comfortable and easy. Local construction material will be used
to reflect Terre D’Irsina’s traditions, and when available
originals (cotto tiles and marble) will be used to recreate authentic
interiors. The architectural and chromatic values of the hamlet will
remain unaltered.
In Phase One, 30 apartments of various sizes will be restructured and
sold. These will be the prototypes of the properties to be sold in the
following
phases. They will also be the most attractive in terms of price.Phase
Two will follow after Phase one has been concluded.
 The Project is aimed at breathing life into the old hamlet and its economy,
and at the same time providing home buyers, their guests and visitors
with a holiday home and with the local services for support and entertainment
as they pass their free time enjoying the countless gastronomical delicacies,
wines, local products, and activities.
The Properties On Sale:
The properties on sale in phase One are among the most interesting in
the
project and for sure the most attractive from a price perspective. They
are priced
at a discount and will be prototypes of future ones on sale.
Included in the price will be:
- Internal and external restoration work where needed,
electricity, plumbing, and where possible the restoration of antique
flooring (utilities connections are excluded and carried out by the
buyers after the purchase of the property).
- Basic furnishing to permit immediate use of the property
(bed, table, chairs,
kitchen, bathroom);
Prices & property types:
- Studio Approx. less
than 35m £20,000
- One bedroom Approx. less than 50m £25,000
- Two bedrooms Approx. less than 85m £30,000
- Larger
property on more than one floor or building: To be defined after year
one.
 *Please note that house prices are based on square meters and not number
of bedrooms.
Phase One will involve only a set number of properties. Once these have
been sold,
new acquirers will only be able to purchase in the following phases.
The properties will be considered sold once the preliminary sales contract
and the restoration works contract signed, and the 55% deposit paid.
How your Irsina property purchase is structured:
Phase One:
I. Signature of the preliminary sales contract and the restoration works
contract
and payment of a non-refundable deposit equal to 55% of the final sale
price.
 II. Two months later, stipulation
of the deed of sale and the property transfer documents in front of a
notary (a public official who represents the Italian state and whose
responsibility it is to register all contracts and collect taxes). Power
of attorney can be arranged for another person in Italy to act on the
buyer's behalf through public notaries recommended by the Italian Consulate
in London if it's inconvenient for them to travel to Italy again at this
stage. The outstanding 45% of the sale price to be paid.
III. The new owner will have full
use of the restructured and furnished apartment 210 days after the property
rights have been transferred2;
Return on your Italian Property Investment:
 Those buying property in Terre D’Irsina have a two-tier advantage.
At the price of a
four-week Tuscan villa rental, buyers not only get a holiday home for
life, but are
also making a sound investment.
Terre D’Irsina is what Tuscany was thirty years ago, yet he difference
is today that the speed of communications and low cost
airlines are changing the nature of locations at the speed of light.
Terre D’Irsina as an investment opportunity offers a lot of potential.
While household prices on average in Italy have risen 62% from 1997
to 20043, foreign interest in some areas such as Chianti have inflated
the market to the point that buying a
property in the area has become a huge financial commitment. A similar
phenomenon has started to take place in Umbria. So while property saturation
has been reached in these areas, where the supply of attractively-priced
housing has dried up, buyers in Terre D’Irsina are being offered
a slice of what in the future will become a new Italian holiday location.
In Terre D’Irsina, today, home buyers are able to enjoy the same
Mediterranean feel that exists in other more fashionable locations in
Italy without the crowds that are drawn to such places and with the added
bonus of an authentic lifestyle. The fixed costs buyers need to factor
in when considering their purchase are annual Italian government property
taxes, similar to those in other countries and proportional to the value
of the property in question.
So, Terre D’Irsina: a small investment with huge potential!
The apartments and houses in the village stand to benefit from a rise
in their value over time, as the town becomes increasingly known as a
vacation location and as it appeals more and more to both an international
and local clientele.
 Last,
but not least, foreigners who buy property in Terre D’Irsina
are being welcomed open-armed by locals for their contribution to the
preservation of the medieval hamlet and to the local economy.
We're all
on the same team, we all stand to win.
We wish you a wonderful time in Terre D’Irsina
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