Buy a Property in Italy - Legal Advice for Foreigners
Purchasing a Property in ItalyUpdated on Wednesday 01st February 2023
based on 26 reviews.
|Can foreigners buy properties in Italy? (YES/NO)|| |
Types of properties you can purchase in Italy
- commercial and residential properties,
- land plots
Institution in charge of property registration
|Italian Land Registry|
|Real estate due diligence offered by our property lawyers in Italy|| |
We can verify the property you want to purchase to see if there are any legal problems.
|Documents for buying a property in Italy|| |
- sale-purchase agreement,
- title deed,
- cadastral documents,
- building permits,
- energy certificate
|How can our Italian property lawyers help you with property purchase ?|| |
- verification of documents,
- drafting contracts,
- representation in front of notary
|Expert advice for price property in Italy (YES/NO)|| |
|Verification of properties with local institutions or municipalities (YES/NO)||Yes|
|Inspection trip before property purchase (YES/NO)|| |
|Pre-sale agreement for real estate in Italy (YES/NO)||Yes|
|Representation in case of litigation before the acquisition of a property (YES/NO)|| |
|Legal advice for commercial property purchase (YES/NO)|| |
|Support for payment transfer of property in Italy (YES/NO)|| |
|Property purchase for citizenship in Italy|| |
Golden Visa for Italy
|We offer free case evaluation|| |
Yes, provided by our property lawyers in Italy.
Buying real estate in Italy
- the property is not subject to any encumbrances or third party rights;
- the property is registered with the Land Register;
- all planning permits are in place as well as and other necessary documents;
- the property is suitable for certain activities, in the case of commercial real estate purchases.
Buy a home in Italy – Market trends
- in the Italian Housing Market Survey, carried out by the National Bank between 31 August – 20 September 2020, 1,403 real estate agents reported a decline in the prices of Italian properties;
- in September 2020, in Rome, the highest price per square meter was in the city’s center (Centro Storico), where a square meter was valued at EUR 7,474;
- the lowest price available when buying a property in Italy in the city of Rome was in Appio Latino, where a property was valued at EUR 3,927 per square meter;
- the top foreign nationals interested in purchasing a property were represented by Germans, British and Dutch citizens, who made numerous enquiries starting with 18th of May 2020, when property viewings were allowed in Italy, amid the Covid-19 restrictions.
What are the basic documents for buying a property in Italy?
Who can buy land in Italy?
Steps to complete the purchase of an Italian property
What to consider when buying a property in Italy
- If you want to use the services of a real estate agency, make sure they have an official website and correct information about the properties displayed.
- If you decided on a specific property, hire the services of a property lawyer in Italy who can help you with the required verifications, such as real estate due diligence.
- You can also ask for price verifications to see if the property selected has the right value.
- Besides the property price, you need to pay attention to the taxes that must be paid at the time of transaction. This is another aspect for which you can receive legal advice from our experts.
- A pre-sale agreement is required for property acquisition in Italy, alongside a small amount to be paid. These aspects are part of a property transaction in Italy.
How to buy a house in Italy as a foreigner
- Choosing a house - The first natural step is to look for a house in Italy, and here you can benefit from specialist help. There are various platforms with which you can view the properties available for sale, and a real estate agent can be of use to you.
- Property inspection - Real estate due diligence is the process by which you can find out a lot of information about the house you have chosen. Legal problems can also be discovered, if they exist. You can thus get an idea about the respective property before purchasing it, by contacting our property lawyer in Italy.
- Drafting the contract – An important step is the preparation of the sale-purchase contract. It must include the entire history of the respective property, the name of the owner, as well as the amount proposed for sale. In this stage, you have the chance to negotiate the price of the house in question.
- Making a deposit - Once the amount has been determined, you proceed to pay a sum of money from the total price of the house. This guarantees that the property will pass in your name and that it will be removed from the sale on this occasion. Our lawyers can help you buy a house in Italy by managing the formalities from a legal point of view.
- Signing the title deed - The sale-purchase contract is signed by the seller and the comparator in front of the public notary. Before signing, this document will be checked once more.
- Registering the property - After signing the sale-purchase contract of the house in Italy, registration with the Italian Land Registry follows. This step is important, and the new owner receives a tax code to pay the relevant fees imposed.
- Owning the house in Italy - Paying the taxes for the newly owned property is the last step in this process. Foreigners can delegate a property lawyer in Italy, with a power of attorney for such a purchase, without being obliged to travel to this country.
What you need to take into account when buying a property in Italy
- It is recommended to choose a licensed real estate agent, to ensure that you benefit from the desired services.
- In terms of documents, a property lawyer in Italy can be of use to you. He/she can do the necessary checks, including real estate due diligence. This procedure is essential before purchasing a property in Italy.
- You must consider checking the price of a property, to reflect the existing value on the market. Otherwise, you can change your mind and choose something else.
- The registration of the purchased property with the Land Registry is mandatory, and the new owners have the obligation to pay the related taxes.
FAQ about property purchase in Italy