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A simple guide
to help you buying a House in Italy
Guide written by Lorenza Marinelli and promoted by
MCH through Houses for sale in Italy
Laws and technical informations
Today the laws governing such matters are very rigid and the name of the estate agent must be indicated in the deed of sale along with details of the invoice issued and the cheques received in payment for the service rendered. Remember that you can deduct the cheque from the tax that you will pay to the notary public, in the future if you decide to resell the property, especially if you sell it on before five years, it can be deduced as an expense.
Foreign agencies that sell properties in Italy must have the qualifications to do so. Not only must the agents have a permit obtained in Italy, they must also have registered offices here as well as being registered for VAT purposes, the invoices of a non-Italian company cannot in fact be deducted as expenses. Always store the notary’s invoice carefully (another expense ) as well as expenses for any building works done. If you decide to sell on your property before the five years have expired, you can always accumulate the invoices and so lessen the amount of capital gains tax that you will have to pay.(20% on the profit made).
Operating without the support of an estate agent will not give you any guarantee that the property is truly a good deal, given that the agencies, or at least this is what I do, and a few other colleagues of mine do the same, recommend that the vendor request a price that is as realistic as possible and in line with the market prices of the time, so as to allow the vendor to complete the sale of his property within a reasonable timeframe.
I have seen all too many foreigners put their trust in surveyors without any licence or indeed local middlemen, I even know of some clients who purchased through these people and paid deposits for properties that didn’t even exist!
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Guide written by Lorenza Marinelli and promoted by
MCH Marche Country Homes and Houses for sale in Italy
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