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Property in Italy

Buying property in Italy has never been so easy! Sunshine Estates specialise in providing properties in Italy focusing in the 'sunshine' provinces of Abruzzo, Calabria, Liguria, Lombardy, Marche, Molise, Piedmont, Puglia, Sardinia, Sicily, Tuscany, Umbria and Veneto.

Buy your dream house using our sophisticated search engine. Whether you are seeking to move country, a holiday home by the golf course or simply a smart investment, at Sunshine Estates we bring to you a wide variety of houses all in one place.
 
Using our service, you can search by up to 15 different criteria including price, type, condition, size, number of bedrooms and proximity to ameneties including airports and golf courses. Compare and contrast with other countries in the Mediterranenan to find the perfect home or investment for you.

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Buying Properties in Italy - Italy

Typical Farmhouse
View of Countryside

Three key stages exist in the buying process:

  1. Offer to Buy - this is a formal written offer from the potential buyer to seller. The offer will normally be accompanied by a deposit which usually ranges from 2-5%. In return, the property should be removed from the market. Conditions can be placed within the offer to protect the buyer (e.g. subject to ..). Prior to this, we recommend that a survey is undertaken by a surveyor (Geometra) in order to establish the planning status of the property and its boundaries. Fees typically range from EUR 500 – 1,000.
  2. Full Preliminary Contract (Compresso) – also known as the contratto preliminare di vendita. This agreement commits both parties. When purchasing an unfinished property, 3 types of preliminary contract exist: Contract for immediate sale of land – agreement by the buyer to sign title deed in respect to anything the seller has so far built. Contract ‘on plan’ – agreement by the buyer to purchase the property once it has been built and to make staged payments throughout the process. Contract to buy once the property has been built – the buyer agrees to pay once the property has been built.
  3. Deed of Sale (Rogito) – this a legal document which registers a property in the buyer’s name. This must be signed in front of a notary (notaio) by the buyer or a person holding the ‘Power of Atornye’. At the same time, the balance of the price is paid to the seller, usually by a Banker’s Draft. Once completed, all taxes must be paid.

Fees relating to a purchase include:

  1. Real Estate Tax (Impost Ipotecaria a Catastale) – 3% Local Tax – based upon the official tax value of the property (Valore Catastale) – i.e. the declared value of the property and typically lower than the purchase price – ranging from 0.8-0.8%
  2. Estate Agent Fees – often split between the buyer and seller – typically 3-6% Stamp Duty – ranging from 3-7%
  3. Notary fees – based upon a sliding scale dependent upon the price of the property – ranging from EUR 1,000 – 4,500 Typically total fees and charges total 15% of the property price.

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