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Villa with swimming pool and terrace with mountain view.

Beautiful renovated rural villa for sale, with garden and terrace with mountain view. Located in Casoli, Abruzzo region of Italy.

Beautiful villa composed by two separate units, swimming pool, panoramic terrace, garden, olive grove and parking area. 235.000 €. View Property.

Magnificent villa of 650 sqm for sale, elegant interiors. Abruzzo.

Villa for sale, completely designed by the architect Walter Franchini, in Abruzzo, Italy.

Elegant villa completely designed by the architect Walter Franchini. 6 bedrooms, 4 bathrooms, 3 living rooms. 360.000 €. View Property.

Renovated traditional Italian town house near the Adriatic Sea.

Charming renovated town house with stunning brick barrel ceilings, patio and sea view terrace, for sale in the Abruzzo region of Italy.

Character Italian house of 330 sqm with fantastic brick vaulted ceilings and amazing details, sea view terrace and patio. 320.000 €. 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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On 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.

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Do you know that in Abruzzo you can find a beautiful, traditional jewellery called Presentosa?

 Presentosa is a traditional jewellery from Abruzzo a gold pendant with a very refined filigree technique. This jewellery is handmade by skilled goldsmiths.  Presentosa comes in yellow and white gold, with or without gems.

Presentosa, a traditional Abruzzo love tokenA jewellery in gold leaf and filigree work

The filigree of the jewellery represents symbols in different shapes and each shape has a different meaning: one heart in the middle means that the girl is single.

Two hearts, the girl who wears it is engaged. Two hearts joined by a crescent reversed moon shape means the girl is married.

‘Presentosa’ is an Abruzzo dialect word for ‘present’The tradition of making and giving the jewel goes back at least 200 years

Nowadays Presentosa is a gift for many different occasions and the symbols used varied: a dove is used for the baptism, communion and confirmation; a mirror is the symbol against bad luck and slanders.

Originally the Presentosa was related to the rituals of engagement, in fact it used to be offered to young women as a promise of love.

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Colledimezzo in Autumn

 Colledimezzo is a picturesque village overlooking the lake of Bomba in Chieti Province.

The village is easily reachable by the high way SS652 that connects Colledimezzo with the Adriatic coast. It takes only 30 minutes to reach the beach of Fossacesia, located on the charming Costa dei Trabocchi, while the well-known skiing resort of Roccaraso are at just 50 minutes’ drive.

Colledimezzo enjoys a wonderful view of the lake of Bomba, the verdant surrounding hills and the Majella Mountain, considered a symbol of Abruzzo.

The lake of Bomba stands at just 2 km from the village, on the lakeshores there is a tourist resort called Centro Turistico Il Soffio that avails of swimming pool, camping site, sport facilities and boats’rentals.

Colledimezzo literally means “Hill in between”, in fact the village is located on a hilltop between two higher mounts. The origin of the village dates back to the tenth-century.

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Taxes to purchase a house in Italy

 In January 2014 the Italian government has issued a new taxation scheme related to the purchase of real estates in Italy.

Firstly, let us see the taxes involved in this new scheme: Registration Tax (Imposta di Registro), Cadastral Tax (Imposta Catastale) and Mortgage Tax (Imposta Ipotecaria).

Now, let us see what the changes are:

- If the house is purchased from a private seller

The Cadastral Tax and the Mortgage Tax have been reduced from 168,00 euro in 2013 to 50,00 euro in 2014.

The Registration Tax for “first house” buyers* has been reduced from the 3% of the cadastral value in 2013 to the 2% of the cadastral value in 2014. Therefore, the new 2014 taxation scheme results advantageous for “first house” buyers.

In the other hand, “second house” buyers*, will have to face an increment of the 2% of the Registration Tax, that has increased from the 7% to the 9%.

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Tagged in: Purchasing process