ITALIAN REAL ESTATE
BUYING A HOLIDAY HOUSE IN ITALY
Avoid pitfalls when buying a holiday home in Italy, rely on an expert Italian real estate lawyer.
Through a network of estate agents, we research and choose the right Italian residential property for your vacation, and help you navigate the purchase process to avoid pitfalls.
We begin our activities with a real estate due diligence on both the seller and its Italian property to ascertain that no troubles are behind the corner. Therefore, we make a non-binding purchase offer to the buyer on your behalf to take the property off the market until the end of the above due diligence.
What comes later in the process is about negotiating and finalising a preliminary contract of sale – this contract outlines the ground of the purchase process, spelling out the essential contracting terms on which the parties have already reached an agreement, including a closing date to complete the purchase.
Once completed the above activities, we provide assistance and representation in front of a Public Notary to formalise your purchase through a deed of sale.
Buying a house in Italy costs
- Agency fees
These will generally be in the region of 3-8 % of the price of the company. To avoid likely problems, and before undertaking any activities, make sure you and the estate agent agree on a specific fee.
- Caparra confirmatoria
This is a down payment due upon the execution of the preliminary contract. It is generally in the region of 10-20 % of the total property price.
- Notary fees
Subject to the sale price, these fees do not exceed 2.5-3 % of the total cost of the property.
- Land registry tax
A fixed lump sum of about €130 for the main residence. If you are non-resident, you will pay 1 % of the purchase price.
- Stamp Duty: 10% of the total price of the property.