Italian legislation allows foreigners who are nationals of countries that are not attributable to the number of unwanted Italy (Russia does not apply to such), make investments, and investments in business, real estate, securities, referred to the jurisdiction of Italy, as well as Italian citizens. However, there are certain necessary, in particular:
A fee acquisitions should be implemented in a specific way;
2 acquirer must be identified, that is not an anonymous person, he should legally stay in Italy;
3 acquirer must have an Italian tax code;
4 deals must be registered in a special state registers, and only after their registration inured, as well as certified by a notary;
5 or more.
The purchase procedure involves three stages:
1. Bid (Proposta d 'acquisto): after a decision by the buyer to purchase real estate, Italian news agency is a document that spells out the parameters, location and price of the selected property, as well as conditions and time of payment. To confirm the seriousness of his intention to the buyer must make the amount of the deposit, which is usually 5% of the declared value of the property. A check issued to the property owner (seller). Money has not yet been transferred to the seller. A check is proof of intent. The agency offers to the seller an offer to purchase with the enclosed check. If the proposal is satisfied with the seller, he signs it. In this case, the agency sends the seller a check.
If the seller requests changes in the proposal (price, payment method, timing, etc.), the buyer can either accept the seller or not. In case of failure, he returned the check. If the seller agrees, and the buyer changes his mind to buy real estate, money he did not return.
2. The preliminary contract (Preliminare di compravendita): usually a few days after accepting an offer to purchase is a preliminary contract to purchase. In this case, the buyer pays the seller about 10-20% of the sale price. Also paid for agency services. From this point of the client has the exclusive right to purchase this object
Property and object is removed from sale. As a rule, upon making the first payment until the transaction is 30-45 days. During this period, the client sends (accumulates) the remainder of the amount and the amount of additional costs on the design of the property (taxes) to your personal account in an Italian bank.
3. The final contract (Atto notarile di compravendita): after the time required for evaluation and preparation of documents (usually 30-45 days) with the participation of agencies meet at the notary for the signing of the purchase (Atto notarile di compravendita), which transfers ownership of property from seller to the buyer. The buyer pays the remaining amount by check to the seller. The buyer also pays for the services of a notary by rewriting the property in the Register. After signing with a notary, the buyer gets the keys, a copy of the act, then the act is registered by the department of the Register property. This typically takes up to 45 days without a buyer.After registration of the certificate, the buyer gets his hands on another document - the extract from the Register of ownership and became full owner of the purchased property.
 Additional costs Notary:
The final contract (Contratto notarile di compravendita) must be signed before a notary public, notary services value depends on the complexity of the act and the property value (the higher the value, the less%). On average, the cost of the services of a Notary is not more than 2,5% (from property specified in the contract).
Tax payments at registration of the property
If the residential real estate (apartment, villa) purchased from a construction company (primary market of new buildings) the purchaser pays
1. VAT = 10% of the value specified in the contract of sale.
2. fixed mortgage tax 168 | (for rewriting the property in the Register)
3. fixed inventory nalog168 |
4. stamp duty 168 |
Total: 10% of the purchase price + 500 |
If the residential real estate (apartment, villa) purchased from the secondary market buyer pays:
1. Stamp duty - 7%
2. Mortgage tax - 2% (for rewriting the property in the Register)
3. inventory tax - 1%
Total: 10% of the registration value of the property (which is 50-70% below market)
Total additional charges for registration of the property for any of the options for purchase (with a primary or secondary market) with the notary services: 12-13% of the cadastral value + commission real estate agencies.
Every year:
Shall be paid to the municipal property tax ICI (Imposta Comunale sugli Immobili) corresponding to 0,4-0,7% of the cadastral value of the property.
If the property is leased to pay the tax IRPEF, equal to 30% of annual income from rent.
 Expenditure on the estate The cost of maintenance homes, villas and apartments.
Paid throughout the year (regardless of someone lives in a house or not).
1) electricity 15 euro / month (if no one lives there)
+ Consumption by the meter (if you live in the house)
2) Water-190 euro per year;
3) garbage -100 euros per year.
Banks. Credits. For customers who buy real estate in new buildings - provides interest-free installment payment up to completion. |
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Buy real estate - Italy