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

The real estate agency percentage

Another important thing to bear in mind about real estate agents is to know what they charge, what their percentage is, save agreements to the contrary in fact, the Chamber of Commerce of Ancona establishes that the percentage payable to a real estate agent must not be below 6% (to be divided between the vendor and purchaser) + VAT. Once the fees have been agreed upon therefore there is no risk of any unpleasant surprises!

The notary’s fee and the taxes to be paid are not however so systematic. Everyone knows that the taxation depends on whether the property being purchased is being purchased as a first home or otherwise, if this is the case, the person purchasing the property must take up residence there within 12 or 18 months from the date of purchase, and in such cases the taxes payable amount to 3% of the value of the property, or 10% for properties declared to be a second home.

How is this value established? The core of the matter lies here. We cannot say that if the purchase price is 300,000 euros then the taxes to be paid are 30,000. Absolutely not. By value we mean the cadastral value, which is certainly far lower than the updated value of the property, sometimes even 5 or 10 times lower! This is especially the case for farmhouses which are very old. The reason for this is that the Cadastre is almost never updated. The situation for new properties is very different.

The cadastral value varies from property to property and so the Notary Public will have to do his searches and inform us about the taxes to be paid as well as his fees, obviously before buying the property! Many Notaries, especially the ones who have a lot of work, take a few days to provide us with their calculations….you need to be patient! You have no idea of the amount of work that they have!

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Guide written by Lorenza Marinelli and promoted by
MCH Marche Country Homes and Houses for sale in Italy