Property purchase: The three steps to buy property in Italy.

Understanding the process of buying property in Italy through an italian real estate agency.

Understanding the process of buying property in Italy through an italian real estate agency. Read more.

Characterful stone house to restore. Carunchio. Abruzzo.

Characterful stone house with traditional features to restore. Carunchio. Abruzzo.

Characterful stone house of 196 sqm to restore, traditional features, beautiful panoramic view. 20.000 €. View Property.

Villa for sale in Crecchio, 10 km far from the beach. Abruzzo.

Villa with two apartments, large garden with vineyard in Crecchio, Abruzzo.

Villa of 240 sqm, large garden with vineyard and well. Possibility to install a swimming pool. 145.000 €. 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.

  • Главная
    Главная Страница отображения всех блогов сайта
  • Категории
    Категории Страница отображения списка категорий системы блогов сайта.
  • Теги
    Теги Список тегов, используемых в блогах.
  • Архив
    Архив Список сообщений блогов. созданных ранее.
Подписаться через RSS Просмотр записей с тегом Purchasing process

Добавлено : Дата: в разделе: Succesful property purchase in Italy

 Once you’ve found a home you want to buy, the next step is to make an offer, usually through an estate agent. There are no restrictions on foreign ownership in Italy.

Offer:

When you find the right property in Italy you can place an offer. If the offer is accepted by the owner of the property, Abruzzo Rural Property will collect all the document related to the house.

The most important documents are:

  • Titles documents
  • Floor plans and land maps
  • Energy certification

There might be other documents required by the notary. We will provide to the notary all the documents he asks for. The notary will check all the documents, if everything is in order he will issue an estimate. The estimate will include: Notary fee, purchase taxes, registration taxes.

When the notary gives his approval, and issues an estimate the buyer can choose to have a technical survey. The survey is not a mandatory document, it is not required by the notary. Nevertheless, the buyer might want to have it to be sure about the state of house. A survey can be provided by any registered surveyor, architect or engineer.

Preliminary agreement:

At this point after the approval of the notary and after the satisfactory outcome of the survey if the buyer decides to have one done, Abruzzo Rural Property can proceed to write a preliminary agreement.

The preliminary agreement is a pre-purchase contract where we will state:

  • Terms and conditions of the purchase
  • Buyers and vendors’ data
  • Property cadastral data
  • Price of the property

The preliminary agreement must be registered at the Agenzia delle Entrate to be an official contract. If the preliminary agreement is not registered, it’s value is reduced to a mere agreement amongst two people. When the buyer and the vendor will both have signed the preliminary agreement, the buyer must send a deposit of the 10% of the final purchase price. The deposit can be sent directly to the owner of the house or to the real estate agency that is handling the sale.

Usually the completion’s time after the signing of the preliminary agreement is two or three months. It is possible to complete the sale in shorter time or longer time according to buyer’s and vendor’s need. The terms of the sale will be stated in the preliminary agreement and will have to be respected. The preliminary agreement can be signed from abroad and sent by email. But two original copies with original signatures will have to be posted to Abruzzo Rural Property that will take care of the registration process.

Final Signing - Deed of sale:

The final signing will take place at a notary office here in Italy. To sign the final deed the buyer will have to be present, or he will have to sign a power of attorney in favour of the real estate agent or any other people who can attend the signing.

On the day of the final signing the buyer must complete all the payments: to the owner of the house, to the notary and to the agency.

On the date of the final signing the buyer will receive the keys of the house and will become the new owner of it.

Привязка к тегам Purchasing process
Просмотров: 713

Добавлено : Дата: в разделе: Taxes in Italy
Technical survey to buy a house in Italy. Property purchase in Italy.

 Numerous clients have asked me this question: Is a technical survey required by the law in order to purchase a house in Italy?

The answer is no. For the Italian law a survey is not a mandatory document in order to buy a house.

A survey is a document you might want to have for your own peace of mind, to give you a better idea of the state of a property you are interested in, but it is not necessary for the sake of the purchase.

In Italy there are three different types of surveys:

  • Perizia semplice – If you are buying a house in Italy, you might want a technical survey to be carried out as a form of report on the condition of the house: conditions of the structure, roof, plumbing, electric system, condition of chimneys, etc. Any registered architect, surveyor or engineer can issue this type of survey; This type of survey is called perizia tecnica in Italian. The surveyor signs the survey with his/her own name.
  • Perizia asseverata – This type of survey is different from the previous one because the surveyor/engineer/architect signs the technical report and in addition confirms the authenticity of its contents. Perizia asseverata includes a sentence where the surveyor declares that the contents of the survey are true and that he/she is personally responsible for these contents. The sentence in Italian is the following: “sotto la propria personale responsabilità”. In this case, the surveyor is legally responsible for the contents of the survey he/she has issued and can be legally persecuted if the survey were to contain false statements related either to material or ideological matters.
  • Perizia giurata – This type of survey is like a perizia asseverata plus an oath in court. The surveyor has to state in the survey that the contents are true and he/she has to swear the truthfulness of such contents in the presence of a Chancellor of the Court, in the presence of a Peace Officer according to art. 5 del R.D. n° 1366/22, or in the presence of a Public Notary, according to art. 1, comma 1, point n° 4, R.D. n° 1666/37. The surveyor is legally responsible for the contents of a perizia giurata and can be legally persecuted if the survey were to contain false statements. In this type of survey, the surveyor has to state the following sentence: “[...]aver bene e fedelmente adempiuto all’incarico affidatogli al solo scopo di far conoscere la verità.”. This means that he/she has done his/her work honestly with the sole purpose of divulgating the truth. This type of survey has a higher legal value in a court case than a perizia asseverata.

Should you require a survey, be it a simple report, a perizia asseverata or a perizia giurata, please feel free to contact Abruzzo Rural Property. We can provide surveys written in English at very reasonable prices.

The prices depend on various factors and our surveyor will provide an estimate according to your needs.

Привязка к тегам Purchasing process
Просмотров: 906

Добавлено : Дата: в разделе: Succesful property purchase in Italy

In Italy only fully licensed real estate agents can work in the real estate business. The license can be obtained after a 12 month formation course held by the local Chamber of Commerce. At the end of the course, two exams are to be taken there and only after passing these exams, will it be possible to apply for a license.

Passing real estate exam to get license

The license will only be granted to those with no criminal record and to those with an insurance to cover all work related to problems that might occur. For example, if a client were to fall whilst visiting a property, the insurance of the fully registered realtor might well cover the damages.

It is also very important to have full trust in a registered realtor for another reason: When there is a formal written offer and the buyer sends a deposit to the real estate agency or to the owner of the house, the realtor has to register the contract at the local tax office.

Registration is required by Italian law. Without it, buyers and sellers could incur in a fine and in the worst case, the buyer could lose his/her deposit and also the property. A purchase offer or a preliminary agreement not registered at the local tax office, is not an official document. It is just a piece of paper without any legal value.

The registration makes the contract official and public; Through this document the government knows that the property is going to be sold to the buyer and therefore the owner of the house will not be able to sell the property to anyone else, even if he were to receive a better offer. This is obviously a safeguard for the buyer. Only regularly registered real estate agents can guarantee the registration of a contract.

Federazione Italiana Mediatori Agenti d'Affari

Italian law is very strict on this matter and only registered realtors can show properties to potential buyers. A foreign buyer looking for property in Italy, might come across people who introduce themselves as licensed realtors but who are not actually registered at the Chamber of Commerce and therefore are not insured. This could be very risky. This type of “false” realtor usually deals with foreign buyers as, in many cases, foreigners are not familiar with the Italian law and are not aware that realtors need to have both a license and an insurance.

Today on the internet, there are numerous websites of real estate agencies selling properties in Italy, many of which are written only in English. Some of them are fake real estate agencies or fake realtors.

An Italian real estate agency’s website should show:

  • The license number  (Not the VAT number, the VAT number is a different thing).
  • The insurance number
  • The association to a business category
  • It should be written in Italian (not only in English)

If you are dealing with realtors who do not show their license, do not hesitate to ask them for credentials…. It is better to be safe than sorry.

Real estate license italy
Привязка к тегам Purchasing process
Просмотров: 1839

Добавлено : Дата: в разделе: Taxes in Italy

 According to Rightmove.co.uk, UK's number one property website for properties for sale, Abruzzo is the least expensive region in Italy and in Europe for investments on property. Prices offered are even cheaper to those of Spain, Greece, Hungary, Portugal and even Turkey. So if you are thinking about buying a house in Italy, Abruzzo is an option to keep in mind.

Abruzzo is the second region in Italy (after Tuscany), for overseas buyers looking for a property for sale in Italy. But if you are looking for cheap property in Italy to buy, Abruzzo is your number one choice.

In 2016, according to Rightmove annual report, 6.513.143 potential buyers have been looking for a house in Italy; this shows an increase of the 8% compared to 2015. The vast majority of these potential buyers are British.

Brexit doesn’t seem to have affected the trend, in fact in July 2016 the number of British searching for a house abroad has increased, reaching the highest number of searches even by users of Rightmove.

Italy is the third country in Europe for foreign investors, surpassed only by Spain and France. The type of buyers searching for a house in Spain are mainly attracted to coastal properties, apartments on the beach or in the Mediterranean islands. The type of buyers searching for a house in France, are looking for a country house. In Italy the trend is steady, with 35% of searchers looking for a coastal property and 37% looking for a property in the country side.

Abruzzo, the cheapest place in Italy to buy property.

As previously said, Abruzzo is the second region after Tuscany for foreigners interested in buying their house in Italy; in the third position we find Lombardy, followed by Sicily and Liguria. Amongst the 6.513.143 potential buyers searching for a house in Italy (according to Rightmove 2016 Annual Report), 352.872 are searching for a house in Abruzzo. This figure shows an increment of 19% in comparison with 2015.

What is more astounding is that, this region offers the most competitive prices in Italy and in Europe. Below are some example.

Graphic with average property price for different regions in Spain, France, Italy and Protugal.

The less expensive area in Spain for property purchasers is the Valencia region with property average prices around 118.562 Euro for houses and 63.636 Euro for apartments. The less expensive area in France for property purchasers is the Limousin region with property average prices around 93.071 Euro for houses and 32.775 Euro for apartments. In Italy, Abruzzo is the least expensive area with property average prices around 61.735 Euro for houses and 89.175 Euro for apartments. While the average house price in Italy is 215.067 Euro for houses and 204.129 Euro for apartments, higher than the average house price in Spain or France.

In Abruzzo, apartments tend to be slightly more expensive because they are usually newly built and not far from the beach.

It is surprising that a region like Abruzzo, with its beautiful coastline, majestic mountains, green rolling hills scattered with hamlets, three natural parks and its strategic location right in the center of Italy, is the least expensive area in Italy and in Europe for buying a house. All these advantages may make Abruzzo the best place to buy property in Italy.

The chart below indicates how cheap properties are in Abruzzo in comparison with other Italian regions.

Property price in Italy by region, 2016.

Another interesting point is that the most popular area of Abruzzo for foreign investors is the Chieti province, followed by the Pescara province and then Teramo.
The number of properties on the market in 2016 has increased by 27% in comparison with 2015. The vast majorities of investors are from the UK, followed by US buyers, Australian buyers and those from other European countries.

These data can be interpreted in one way only: Abruzzo is the hottest area in Italy to invest in, prices are at their best and there is a huge number of properties on the market.
With these prices, Abruzzo is the perfect area to buy a property, be it just as an investment. We are not able to tell if the market will be steady in the future, but we are sure that this is the right moment to buy a house in the Abruzzo region.

Data Font: Rightmove.co.uk
Привязка к тегам Property Abruzzo Purchasing process
Просмотров: 3471

Данный сайт использует куки, чтобы позволить нам увидеть, как используется сайт. Если вы продолжаете использовать этот сайт, мы будем считать, что вы счастливы с этим. Мы предполагаем, что вы с этим согласны, но вы можете отказаться, но вы можете отказаться, если вы хотите.