A safe investment requires a cool analysis. The most common mistake is to be guided solely by a low price without verifying the legal status. Older buildings in Italy may have inconsistencies in the plans or a lack of up-to-date permits. The finalisation of the transaction always takes place with a notary who checks the land registers and debts, but the initial verification with the agent is crucial.
Another pitfall is the underestimation of renovation costs, which may surprise the investor. It is worth looking for a property close to the sea or with good access to infrastructure to minimise the risk of a lack of tenants. Working with a local advisor avoids these problems and maximises the future return.
