Property for sale in Italy ~ RealPoint

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The Italian Property Market

Key benefits of investing in property in Italy

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

There is also no extensive ex-patriot “mentality” as is found in Spain for example. Spain and Italy 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%

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

Fast growing (over 20% per yr in 2002)

According to the Guardian prices 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%.

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, Pisa, Parma and Forli.

Italy offers great skiing, fabulous beaches and breathtaking panoramas. Due to elongated shape of the country you can have access to the beach and the mountains from the same base.

Excellent road, rail and airport 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 leading 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!

See also the Guide to Choosing an Italian Property and Guide to Buying Italian Property

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