The importance of buying in Italy through a licensed real estate.

The importance of buying property in Italy through a fully licensed real estate.

In Italy only fully licensed real estate agents can work in the real estate business.
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Habitable country house with land and olive grove, Molise.

Country house of 190 sqm, surrounded by 1 hectare of olive grove. Poggio Sannita, Molise, Italy.

Country house of 190 sqm, surrounded by 1 hectare of olive grove. Poggio Sannita. 70.000 €. View Property.

Restored 200 year old stone 132 sqm villa close to Palmoli, Italy.

Restored 200 year old stone 132 sqm villa surrounded by one hectare of land close to Palmoli, Abruzzo.

Beautiful restored old stone villa with one hectare of land, four bedrooms and four bathrooms. 185.000 €. View Property.

Beautiful villa with sea view. Montenero di Bisaccia. Molise.

Beautiful villa with breath-taking view of the Adriatic sea, Majella mountain and rolling hills. Molise, Italy.

Beautiful villa. 370 sqm of habitable space surrounded by 1.500 sqm garden. 350.000 €. View Property.

Life in Abruzzo. Events and Traditions.

This blog promotes life style in Abruzzo and Molise regions. Events, festivals, traditions and many others interesting, funny and useful tips about Abruzzo and Molise.

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 A suggestive festival is held every year in Agnone, in Molise region; the festival is called La N’docciata and it takes its origin from the pagan rite of the fire. In the past, hundreds and hundreds of years ago, the shepherds of this area used to build big torches made of wood. The roots of the festival go back even before the time of the ancient Romans. This area was the home of the Samnite tribes.

Traditional Christmas festival in Agnone, La N’docciata

The torches had a conic hard wood structure filled with brushwood. This type of structure allowed the shepherds to carry the torches on their shoulders when they had to walk in the countryside during the night. The structure also permitted the fire to burn for long time; therefore, the torches were a source of light and a source of heat for the shepherds during the long, cold winter’s nights. The tradition is also related to the pagan rite of the light.

Long torches, made with slats of fir, dried broom and strings
 

Nowadays, the festival is held twice a year, the evening of the 8th of December that in Italy is a Catholic festivity, and the evening of the 24th of December. This is the traditional date, on the Eve night. The second, the 8th of December, became famous on 1996 when it was performed in Piazza San Pietro for the Pope. La N’Docciata is now a big event, with several dozens of torches carried by men wearing traditional shepherd’s clothes.

Dozens of torches carried by men dressed in traditional costumes

The torches formed by just a single cone are normally carried by teen-age kids. The bigger torches formed by two, three or even fourteen cones are carried by adults. The procession is very impressive.

Ndocciata, an ancient Christmas festival celebrated in Molise, Italy

The torches parade strolls along the main road of the Agnone, from the northern side of the village up to the main cathedral. The closing ceremony is held in Piazza del Plebiscito, where what is left of all the torches end up in a giant bonfire of brotherhood.

La N’Docciata, ritual of fire

The village is all decorated with Christmas lights, Christmas trees and shops adorned for the festivity seasons. La N’Docciata of Agnone is a pagan tradition that nowadays embrace the Christmas celebrations and the winter season. A few years ago, La N’Docciata has been awarded the title of Italian Heritage of Tradition.

La N’Docciata, Italian Heritage of Tradition
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An alternative to car or motorbike? Ape 50!!

If you come to Abruzzo you will many of these little, cute vehicles, sometime in bright colours and funny details.

Ape 50, Italy traditional vehicle

The classic Italian vehicle that is versatile, adaptable, handy and yet cute and stylish. The Ape 50 is one of the smallest vehicles on the world nevertheless, it can be loaded up to 205 km. With Ape 50 it is possible to drive in very narrow step roads, like in the historic centres of many Italian villages, in country side dirt roads and even in the city centre.

Ape furgone

To drive Ape 50 is not necessary a car driving license, it is enough a motorbike license and it is possible to drive it from the age of 14.

Ape 50, Italy traditional vehicle

Ape 50 costs only 5.000,00 euro including VAT and the insurance is nothing compared to a normal car.

The best thing about Ape 50 is that it is possible to personalise it in so many different and funny way.

Ape 50, Italy traditional vehicle
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Our house in Abruzzo

Every time I think about it, which might be several times in a day I feel a warm glow inside. We are still probably not sure how it happened but here is what we can make out about the decision to buy a house in Abruzzo, Italy. The first point is that we like to go on holiday. Being complicated about these things we like some beach, some ‘culture’ lots of tradition and easily found good food. Also we never felt that we had lots of extra money so ‘good value’ was often high on the list too.

We were lucky to be invited to Corsica to spend a couple of weeks with friends a few years ago. The following  year we returned to the same general area but Sardinia this time – our friends joined us again. Sardinia was lovely and with direct flights from East Midlands (our local) airport it seemed like a good place to return to. In the end we thought we might like to see Rome the next year, though with two school age children we probably needed beach time too. So that time we flew to Rome, spent a couple of days there and then drove across the ‘boot’ to Abruzzo. We stayed in a small beach town in Chieti and it worked very well for us. We drove to Lanciano some evenings and enjoyed the summer festivals. The following year it seemed logical to return to the same spot, because we knew our way around a bit - and that is when the idea really took hold.

b2ap3_thumbnail_Tufillo.jpg

Both busy with full time jobs and active boys a holiday was often part adventure, trying new places and restaurants and part relaxation. Sometimes we thought, it would be nice to just do the relaxation and save the adventure for other occasions. Having looked at property in Italy Abruzzo seemed like an extremely good deal. As we dreamed and contacted estate agents online we were impressed at how promptly Monia at Abruzzo Rural Property would answer our enquiries, with plain and simple answers. This went on for a while and we were unable to find the limit of her patience with our speculative enquiries. Some things changed in our lives and it became evident that if we were to stop dreaming and become serious then we might be able to afford something small, even if it was a tiny shack in the middle of a small olive grove.

Lentella

So then we began to be serious. We informed Monia that we would fly out to view some properties and the story began. We flew out last winter and spent two days with Monia and her outstanding English language skills, viewing properties. As patient as her emails, she took us to see all the places we had listed - spotted around different towns and villages in Chieti province. The second day of viewings was bright and sunny and that is when we saw ‘our house’.

A stone house with a dozen olive trees, in a small hilltop village. The view from the back of the house is jaw dropping yet serene, everything else is all we wanted and more. All four of us decided then and there that this one was it. Monia then spent the next few weeks helping us to negotiate a price, get all our paperwork organised, a bank account, a notary, a geometra and probably a hundred other vital things we didn’t even properly realise. Then on a balmy July evening this summer the deed was finalised in the notary’s office with the seller and her (it seemed) entire extended family present. It was a complicated contract where many of the family members had claims to bits of the land and house. The assembly of all the various people was a mammoth task to get right for the day and we didn’t have to lift a finger. The entire process could not have been smoother and Monia was astounding in her ability to get things done, yet always allow us to take our time with decisions and to clarify each part of the process until we were sure.

So now we are having some adjustments done to the house to make it fully ours and still Monia is by our side, helping to smooth the process and compensate for our lack of Italian language skills. Without Monia we would never have felt confident in buying in Italy. It was totally painless – in fact I think I can say it was really fun. Now we have a place to go to relax. We won’t get out there as much as we’d like - but in between we can always travel there in our imaginations.

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Great time to buy in Abruzzo, as pound hits 17-month high

 29-05-2014

 Great news if you're a Brit planning to buy a rural property in Abruzzo! It's now much more affordable to do so, because the pound recently its highest versus the euro in 17 months. To be specific, sterling reached 1.1371 against the common currency earlier this week, its highest since December 12th 2012.

 

What does this mean if you're buying a rural property in Abruzzo?

 If you're buying a rural property in Abruzzo, this means you'll now receive a far higher euro total when you transfer your money to Italy to buy the property. In fact, if you transfer £250,000, you'll receive €25,050 more now than if you'd done so on March 12th 2013, when the pound was at 1.1371. So, this puts an Abruzzo rural property closer within reach!

 

Will the pound continue to rise against the euro?

 It could! This is because, first, the UK economy is roaring back to life. For instance, food sales in the UK rose by their most since January 2002 last month. Moreover, the Bank of England is set to hike interest rates before any other major central bank. So that could boost the pound further!

 

How can you get the best exchange rate when you buy a rural property in Abruzzo?

 1. The biggest thing you can do is to compare the exchange rate you're offered. This is because a specialist currency dealer will offer you an exchange rate up to 4% better than your bank. If you're transferring a lot of money to Italy to buy a property, that can add thousands to your euro total!

 2. If you like the current exchange rate, but don't yet want to transfer your money to Italy, you can 'lock in' the exchange rate with what's called a 'forward contract.' What this means is, even if the exchange rate falls in future, you can still get today's good exchange rate; you're protected.

 3. To get a great exchange rate, it's also a good idea not to leave transferring your money to Italy to the last minute. This is because, if you do so, you'll have no choice but to accept the exchange rate that's available. Instead, if you start looking early, you've more time to get a good exchange rate!

 So in short, 2014 is looking like a great time to buy a property in Abruzzo with Abruzzo Rural Property, as sterling rises versus the euro!

 

 

About the author

 Peter Lavelle is a currency dealer at foreign exchange broker Pure FX. To get free currency advice for when you buy a rural property in Abruzzo, call him on +44 (0) 1494 671800 or email info.abruzzoruralproperty.com. He'll be happy to help.

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