Italian Property and houses for Sale and Rent in north Italy

Italian Property value and property market in Italy for selling and renting property in italy

The Property Market In Emilia Romagna

Property in Emilia Romagna offers unrivalled opportunities especially for property renovators or anyone who loves doing up beautiful old houses.
Strict planning permission laws severely restrict the construction of new properties, as the area falls within the boundaries of regional and national parks.

After recent discussions with the council of Ligonchio, in the heart of the National Park, we would like to inform clients that any traditonal stone property in need of restoration in that area of the Apennines would be exempt from local taxes (ICI) for the next five years. The council of Ligonchio is keen to attract new people to the area and have assured us that any planning application would also be looked at in a very favourable light by the local administration. We are also working to extend this to neighbouring councils of the area.

Latest price rises in key parts of Italy were above 22% but Italian property remains affordable and relatively cheap compared to that of Spain, Portugal and especially the UK
www.italian-property-secrets.co.uk

There is also no extensive ex-patriot community in Emilia, unlike Tuscany and Umbria. Spain and Emilia Romagna are at opposite ends of the spectrum for those looking to purchase a property abroad. Those who move to Spain tend to know the country through past holidays, they are less interested in learning the language and integrating into Spanish society. People often choose Italy because of a love of the country and its culture. They may have had business links with a particular area, they usually speak Italian or wish to lean the language and are interested in the arts, music and culture of the country. They are described as having a higher level of ‘intellectual capital’. Many are also attracted by the outstanding natural beauty of the region, the wonderful cuisine, the leisure facilities and the exceptionally low levels of crime. The numbers of house buyers are growing fast. Abbey National saw from January to June 2002, that Italy experienced growth of around 50%
www.guardian.co.uk

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The Property Market In Emilia Romagna

After recent discussions with the council of Ligonchio, in the heart of the National Park, we would like to inform clients that any traditonal stone property in need of restoration in that area of the Apennines would be exempt from local taxes (ICI) for the next five years. The council of Ligonchio is keen to attract new people to the area and have assured us that any planning application would also be looked at in a very favourable light by the local administration. We are also working to extend this to neighbouring councils of the area. Latest price rises in key parts of Italy were above 22% but Italian property remains affordable and relatively cheap compared to that of Spain, Portugal and especially the UK www.italian-property-secrets.co.uk There is also no extensive ex-patriot community in Emilia, unlike Tuscany and Umbria. Spain and Emilia Romagna are at opposite ends of the spectrum for those looking to purchase a property abroad. Those who move to Spain tend to know the country through past holidays, they are less interested in learning the language and integrating into Spanish society. People often choose Italy because of a love of the country and its culture. They may have had business links with a particular area, they usually speak Italian or wish to lean the language and are interested in the arts, music and culture of the country. They are described as having a higher level of ‘intellectual capital’. Many are also attracted by the outstanding natural beauty of the region, the wonderful cuisine, the leisure facilities and the exceptionally low levels of crime. The numbers of house buyers are growing fast. Abbey National saw from January to June 2002, that Italy experienced growth of around 50% www.guardian.co.uk
Key benefits of investing in property in Emilia Romagna
Pay no capital gains tax on property profits Cut purchase costs by using residency On an £80,000 property, for example, stamp duty would be charged at 10% in France, 6% in Spain and 4.5% in Italy www.guardian.co.uk Fast growing (over 20% per yr in 2002) and Emilia Romagna is in the process of being discovered only now www.italian-property-secrets.co.uk According to the Guardian prices in Emilia rose by 10% over last two years and these figures were provided by the Royal Institute of Chartered Surveyors. Rates for euro mortgages are lower than for sterling, though - Abbey National is currently offering 3.7% for France, 4.5% for Italy and 5% for Spain and Portugal, for example. A sterling mortgage for Spain would be charged at 5.75%. www.guardian.co.uk Possibility to renovate great old houses into fabulous residences that earn big money rent in the high season Is at the centre of the low cost flights revolution as seen by the cost of fares to Bologna and Forli. Central position: Reggio Emilia (60 km), Modena (40 km), Bologna (125 km), Milan (205 km). Ligurian coast 1hr 20 minutes, Adriatic coast 2 hrs.20 mins. Excellent road infrastructure. Very low council taxes. An average farmhouse would be assessed as € 100 per annum. Grants available to restore beautiful Italian rural properties Not only is Italy Europe's lead reformer on property tax, it is also mainland Europe's premier job creator and offers great opportunities for the rural renovator and the city apartment investor too! The Apennine Tourist Board is to undertake a series of initiatives to raise the profile of the area with people from outside Italy. This will undoubtedly lead to more tourism and an increase demand for rental accommodation. The initiatives will be aimed primarily at those seeking holidays whose criteria are excellent leisure facilities, quality of service, exceptional panoramas, peace and tranquility.