The Italian real estate sector has always been attractive for international investors. Both the commercial and the residential real estate markets provide numerous investment opportunities to foreign citizens coming to Italy. The Government has also enabled programs for high net worth individuals who want to obtain Italian residency by purchasing a property in the country. However, before starting the purchase process it is best to verify the property about to buy. In order to help foreign citizens, our Italian lawyers offer real estate due diligence procedures which will secure their success.
In both residential and commercial real estate purchases there are several steps to be followed. The first one is finding the suitable property and having it inspected. It is also advisable to have the Italian property evaluated in order to make sure the price is correct. Among the aspects that need to be taken into consideration when buying a property in Italy are:
Once the buyer has decided on a certain property, a contract will be drafted and a deposit must also be paid before the purchase is completed. If you need assistance with the sale-purchase agreement you can request the services of our law firm in Italy.
The last steps to complete the purchase of a property in Italy are:
The title deed must be signed by both seller and buyer before a public notary in Italy. Once the document is signed, the new owner will register the property with the Land Register and pay all the required fees related to the procedure. The buyer must also obtain an Italian tax code in order to be able to pay the taxes related to owning a property in this country.
If you need information about the taxation of real estate in Italy, do not hesitate to contact our attorneys.