Italian Auctions

Italian Property Auctions

Italian property auctions have been around for some time, and can be an excellent way to find that elusive property at a bargain price. Property sold at Italian auctions is typically being sold off by a bank or receiver to recover the debt on the property.

Realpoint provides a bespoke service so you can buy safely at an Italian property auction, avoiding the bureaucracy and finding your ideal property or investment at a fraction of the price you would pay on the open market.

As you may be aware - this is not a simple process, but we have an experienced team to assist you through your auction purchase from start to finish, and we are able to offer you a choice of thousands of properties from current auctions throughout Italy

The four steps to buying at auction
1. Find the property; we need to know what you are looking for before we can start so it is important to invest a lot of time in this
2. The auction; we take care of everything, managing all the paperwork, liaising with the auction lawyer, your bank (where required) and of course the auction house.
3. Restoration; if you have chosen to go for a restoration project then this is already considered and planned for and we can help you create that perfect home at a much reduced price
4. Your future; what are you long term plans for the property and your life in Italy? Whatever the answer we are here to help.

Are Auctions Right For Me?

Auctions are tailored made for clients who:

Have finance in place and are able to move quickly

Focused - they know what type of property and the location they want to invest in

They know if renovation is of interest and the degree of renovation they wish to take on. If you choose to go for a restoration project then we can help you create that perfect home at a much reduced price by putting you in contact and advise on surveyors, building companies and tradesmen.

What Are The Benefits Of Buying At Auction?

Although a more complicated process, this is where you are going to find the real bargains in Italy. If you are looking to restore a property then you may save even more when you compare with the finished property.

The low prices at auction ensure there is capital growth in your property from the start.
An enormous selection of properties to choose from. Please bear in mind we have access to around 70,000 properties across multiple auction houses, so we are sure to find that elusive property that will be perfect for you.
No bureaucracy when you use Realpoint. We manage the whole process for you to ensure it runs smoothly.

Take a look at the sample properties below - bear in mind these samples are just a snapshot; you tell us what you are looking for and we find the auction property.

Ski property in the Dolomites for sale by auction.

An authentically restored mountain property set over two levels within its own grounds, which is a mixture of meadows and woods. On the ground floor there is a bathroom, boiler room and storage area and from here a staircase leading to the first floor.

Stone farmhouse in Tuscany for sale by auction

A 450 sqm stone farmhouse in Poppi, Tuscany with lots of original features including chestnut beams, terracotta tiles and arches. The property is in good structural condition but requires a complete renovation.

How Do Italian Auctions work?

Italian Auctions Seal Bids Finding your auction property starts with us getting to know you and understanding your requirements and a call is necessary at this point. Then, based on your requirements, we identify suitable properties from auction catalogues. We can offer advice on locations and the pros and cons of each property on your short list.

A surveyor is engaged to carry out the due diligence on the properties that interest you and we appoint a lawyer to attend the auction to present your bid and deal with the associated bureaucracy.

It is important to ensure that by auction day you are 100% committed to the property. Before you can bid, a deposit is required to cover (a) your deposit and (b) the administration fees (any excess is refunded).

Italian auctions use a sealed-bid process, and you bid for only one property. If your bid is accepted then you will need to finalise the payment, typically within 3 months, but this may vary between auction houses.

If your bid is not successful your deposit is returned.

We take care of everything, managing all the paperwork, liaising with the auction lawyer, your bank (where required) and of course the auction house.

What Will It Cost Me?

It is not possible to offer a fixed price for this service as there are so many variables, however our service is fully inclusive and we'll explain fees and costs before we begin - there are no hidden charges.

Our fees reflect the work involved and will be more than covered with the savings you obtain from an auctioned property.

How Much Will I save?

Saving on Italian Auctions This needs to be considered on a case by case basis but savings of 50% to 70% are not unusual. It can be hard to find comparable properties but we will always try to provide this - once we know your requirements and expectations.

For many clients, the auction property provides an opportunity to secure an interesting building - or maybe just building land - which will require completion or restoration. This is something we have anticipated and can provide you with a full service through our experienced and independent building project manager.

You may want to rent out your property when not in use, even re-sell the property to make a profit. Whatever you decide to do we can certainly help. If you decide to sell then just let us know.

We provide a full sales service for sellers as well as buyers.

With the current state of the property market in Italy, we see this as an excellent way to find a bargain property - be it a stone farmhouse, a villa by the sea, an apartment in the historical centre of a medieval town, a plot of building land or commercial property.