The process of buying a property in Italy is transparent, but requires the completion of several formalities. The first and essential step is to obtain codice fiscale, The contract is then signed. A preliminary contract is then signed (compromesso), at which a 10% down payment is usually made.
The whole process takes several weeks to several months. The buyer must prepare for notary fees, taxes and registration costs. For non-EU residents, reciprocity is important. Despite the formalities, the low fixed costs - such as the rubbish fee (TARI) amounting to an average of €150-300 per year - make this market very attractive for the Polish investor.
