General information
Yes. European Union citizens, including Poles, can buy property in Italy - both residential and investment properties - without restrictions. The only requirement is tax number (codice fiscale).
The process includes:
1. property selection and price negotiation.
2. signing of the preliminary agreement (compromesso).
3. legal and technical verification.
4. signing of the notarial deed (rogito).
5. registration of property at the cadastral office.
This is not necessary - you can give notarial power of attorney with an apostille clause, and a broker or lawyer will carry out the transaction on your behalf.
Usually between 4 and 8 weeks, depending on the speed of obtaining the documents and the notary's deadlines. With a cash purchase, the process can be much quicker.
Yes, Italian banks offer mortgage loans to foreigners. An own contribution (approx. 20-30%) and proof of income are required.
Yes, short-term rentals are allowed, but many regions have local regulations (e.g. CIR registration and tourist tax).
It is not compulsory, but very useful for paying bills and taxes. Italian banks allow you to open an account with your passport and codice fiscale.
On average you should count:
* €300-800 per year in local taxes,
* 500-1500 € per year in utility and community fees,
* approx. € 100 per year insurance.
Costs vary according to region and building standard.
Legal information
It's preliminary agreement, The notarial deed is a formal document in which both parties agree on the price, terms and conditions and the date of signing. It is often accompanied by a down payment (caparra confirmatoria).
„Rogito” is a notarial deed transferring ownership real estate. It is signed in the presence of a notary who confirms the identity of the parties and the legality of the transaction.
A notary (notaio) is civil servant, who takes care of the legality of the transaction. He checks the legal status of the property, registers the contract and reports it to the relevant authorities.
Yes, if you do not speak Italian, the notary requires you to be present sworn translator. His signature is mandatory for the validity of the act.
Typically:
* Passport or identity card,
* Codice fiscale,
* Certificate of marital status,
* Preliminary agreement,
* Property documents (extract from cadastre, building plan).
Yes. It is possible to acquire a property in joint ownership - for example with a spouse, partner or associate. The notary determines the shares of each party.
It is best to use due diligence services, i.e. a thorough analysis of the legal and technical status of the property by a lawyer or broker.
The notary reports the deed to the real estate registry (Catasto) and the new owner receives an entry in the land registry (Conservatoria dei Registri Immobiliari).
Tax information
* Imposta di registro - purchase tax (2-9%),
* Mortgage and cadastral tax - €50 each,
* VAT (IVA) - only when purchased from the developer (4%, 10% or 22%).
Yes, with the so-called. prima casa (first residence) a lower tax applies - only 2% on the cadastral value and exemption from part of the fees.
The main ones are:
* IMU - property tax,
* TASI - payment for local services,
* TARI - rubbish collection fee.
The basis is cadastral value property multiplied by a factor and the municipality's rate (usually 0.4-1.0%). The tax rate varies between regions.
Yes, when renting, you must pay Income tax (IRPEF) or choose a flat rate cedolare secca (21%).
If you sell the property before the expiry of 5 years after purchase, you will pay a Capital gains tax (plusvalenza). After 5 years, the sale is exempt.
Yes, if he earns rental income in Italy, he must file a tax return (Modello Redditi) or use an Italian tax adviser (commercialista).
Medium:
* IMU - from €0 to €800 per year,
* TARI - approx. €150-400,
* Other administrative fees - several tens of euros.
The exact amounts depend on the location and area of the property.
