Italy is delightful because of the diversity of the real estate on offer. If you are after a peaceful and quiet place you could consider a country house or a vineyard in Tuscany. If you prefer the city vibes, you could go for residences in Rome, Milan or Venice. If you like the sea, sea-view houses and villas will suit you best.
Real estate in Italy is a perfect investment – the Mediterranean climate, unimaginable scenery, lovely beaches, quaint villages, cities bustling with culture, amazing food, fine wines and easy access from anywhere in Europe. Italy will not leave anyone indifferent! And, of course, there are lots of different types of properties available.
Property in Italy in the Tuscan hills in the centre of Rome does one begin to choose your dream property in Italy?
And there are plenty more exciting areas to search for your dream Italian property. No matter what your tastes and budget, there will absolute be a property in Italy to suit you!
Italy has long enticed foreign investors looking for a second home – think of countryside villas, seafront apartments and quaint townhouses and you will get an idea of what types of properties are available on Trevi-Elite.com. Take a look at the Unusual Properties page for a unique home, with options including castles, mills and even a church or a monastery!
As Italy is easily accessible, with airports and ports serving European and international destinations, it is also a great base for buyers wishing to explore other European countries. It draws in visitors from all over the world with its rich cultural and artistic heritage, spectacular views, beautiful coastlines and who would forget that deliciously fresh food and fine wine?
Whilst popular locations such as Rome, Milan and Florence might command a higher price tag, there are also opportunities to be found in emerging markets such as Sardinia and Lacio, and with demand for real estate in Italy rising, it is the ideal time to snap up an investment, which not only will grow in value, but which you can also easily rent out when you are not using your property yourself. Trevi Elite can also absolutely help you with that to achieve a high yielding investment.
The Italian real estate is definitely on the rise. In 2021, the turnover was around 120 billion euros, up 9.5% compared to 2020, but still lower than in 2019 and with lower figures, than in other Western countries.
The real estate market in Italy is undergoing a profound cultural change: there is no longer a dividing line between first and second homes: the pandemic and remote working have resulted in a “fluid real estate market”.
These figures are due to several factors: firstly, after stable demand throughout 2021, the Italian property market is now recovering; the second factor is the emergence of new demand segments, such as high demand for home renovations.
People want to have more comfortable, beautiful, spacious housing, complete with open spaces, also located outside the city, in the countryside, in villages, small towns where you are guaranteed a higher quality of life. And, therefore, either existing houses in Italy are being renovated, or new ones, larger and with more opportunities, are bought.
Trevi Elite provides a full range of services in the field of residential and commercial properties for sale in Italy in the most attractive parts of Italy:
We offer a number of guides for those looking to buy a property in Italy, covering such aspects as Italian law, taxes, renovations and even what it’s like to live in Italy. Plus a blog and many helpful tips to provide you with the advice you need when buying a property abroad, as we know it can be a daunting process
Why does Italy attract so many tourists and people from all over the world looking to buy property here? The invariable charm of Italy, its culture, landscapes, sunny climate, and cheerful hospitality win the hearts of most tourists. The calmness and serenity of the Italian lifestyle, as well as a convenient location in the center of Europe, combined with good food and artistic beauties, has been attracting Italian real estate buyers for several centuries.
Foreigners are either looking for a second home or house in Italy for permanent residence, or they are considering this opportunity as an investment to generate rental income.
Sectors to invest in Italy real estate: the residential segment will continue to drive the market, while offices and the commercial sector may suffer. However, the hotel market in Italy is expecting a big push, which after a year of inactivity is recovering quickly thanks to large investors focused primarily on the elite segment.
A 2021 analysis of the Italian real estate market shows that most foreigners prefer detached houses, such as coastal Italy homes for sale, farmhouses in Italian countryside, or large garden houses in the vicinity of major cities – excellent choice for permanent residence living and spending holidays in complete tranquility with friends and family.
The Italian real estate websites also confirm that Italian coastal homes, mostly townhouses for sale or near big cities are in great demand, the price of which can be significantly less than for a detached house. Such types of Italian real estate as a townhouse, a section of a villa or a villetta allow to have at your disposal a private garden, a parking place and even a swimming pool.
The Apartments in Italy are mainly requested in major regional centers such as Milan, Rome and Florence, with an increase in the number of transactions + 11% is recorded compared to 2020. Three-bedroom apartments with a balcony or terrace remain the most popular, followed by four bedroom and two bedroom apartments.
Taxes in Italy upon purchase:
– Registration tax/stamp duty (imposta di registro)
A non-resident private individual buying a newly built, an existing or an off plan property from a private individual pays 9% of fiscal value. For residents this tax is 2% of the cadastral value of the house. Other rules apply to the acquisition of land and whenever a company is involved.
– Land registry tax/cadastral tax (imposta catastale) is a fixed fee that varies from €50 (if you purchase a house from a private seller) to €200 (if you purchase the house from a registered company in Italy).
– The Mortgage Tax (imposta ipotecaria) is payable for all property transactions, including both new builds and older properties. The fee is €129.11 for residents buying their first home. The fee is 1% of the cadastral value for non-residents and purchases of second homes.
The maintenance taxes in Italy are:
– Property ownership tax (IMU)
It is calculated at a rate that ranges from 0.4 % to 0.76 %, depending on the municipality. If your property is your primary residence, you do not have to pay IMU. However, if the property is either your second house or your primary residence but it is categorized it as a luxury – IMU is obligatory.
– Indivisible Services Tax (TASI) It is worked out as between 1% and 3.3% of the property’s cadastral value, depending on the municipality it’s in. The average cost is about € 70.
– Waste collection tax (TARI) The particular amounts vary by location, the quantity of registered residents and therefore the intensity of the operation of the property.
– VAT (IVA)
If you’re buying a house in Italy from a private seller who isn’t registered for IVA, you won’t need to pay this tax.
But if you buy your property from an IVA-registered company or property developer, the subsequent tax rates will be payable, that ranges from 4% to 22%.
Although the ownership of a house in Italy does not entitle you to a residency permit (permesso di soggiorno), it can will definitely facilitate to get an Elective Residence Visa if you prove you have stable and sufficient funds to support your stay without employment. Owning property can also strengthen your application for an investor visa for Italy.
Winter is over and spring is already passing and it’s the right time to start looking for real estate in Italy so that you can
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