Buying a Property in Italy | Guide to Buying a Home in Italy


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Buying a home in Italy.



A guide to buying a home in France: The buying stages, mortgages, finance and legal costs.

Buying an Italian property.


buying in portugal >>

Italy has so much to offer with romantic cities, beautiful countryside and breathtaking coastlines, itís no wonder that many of us return year after year.

Foreign nationals have the right to buy property in Italy without restrictions.

  The buying process in Italy.

Making an offer.
The process for buying in Italy is regulated. Once youíve found your new property an offer should be made through the selling agent.

Once a price has been agreed a preliminary contract is drawn up. The contract can be preceded by a Compromesso, which legally commits the buyer to the purchase.
Consider instructing a surveyor at this stage.

Instructing a solicitor.
A Government official (Notaio) is responsible for the legalities of the purchase itself and acts on behalf of both the buyer and seller. Most purchasers feel it essential instructing an English-speaking solicitor to act solely on their behalf to oversee the whole process.

Exchange of contracts.
The Compromesso should contain clauses to allow you to exit the transaction. Clauses could relate to the ability to obtain a mortgage, property condition or title. If in doubt seek advice from a solicitor before signing the contract.

Once the details of the Compromesso have been agreed both parties can sign the contract and the purchase can proceed. A deposit of between 10-30 percent is required at this stage.

After preliminary contracts have been exchanged local earsches are completed and the results returned to the purchaser via their solicitor. The sale will be completed before the Notaio when the final deed (Rogito) is signed. Your solicitor will oversee the balance of the purchase being to the vendor and ensure   The details of the property are recorded in the local land registry office.


  Mortgages & finance.

Most of us will need to raise some finance to complete the purchase of our Italian home. Nowadays both international lenders and local banks are willing to consider mortgage applications from foreign nationals hoping to buy a home in Italy.

Lending criteria.
Mortgages for property in Italy are normally available for up to 80 percent of the purchase price. This generally means youíll need to find a 20 percent deposit and be able to prove your income. Self certification mortgages in Italy are not normally available.

Lending criteria & rates vary between mortgage companies so itís worth contacting an overseas mortgage broker for advice.

Mortgage term.
Italian Mortgages are available over 5-30 Years and lenders will not normally take into account rental income when calculating an applicants level of borrowing.


  Cost of buying in Italy.

Compared to other countries, property transaction costs in Italy are moderate. You should set aside around 12-14% on top of the property price for fees.

Summary of costs.

Buying costs.


Mortgage fee (including valuation)

0.5% - 1.5%



Property Registration Tax

3% - 7%



Notaio's Fee




Solicitor's Legal fees

1% - 2%



Total cost budget



Selling costs.


Agent's commission

1% - 3%



Total cost budget



Legal costs for buying property in Italy.
Notary fees vary depending on the property price and are higher as a percentage on cheaper properties. An Italian Notaioís fee will be related to the declared value of the property being purchased. Italian solicitors cost will be in addition to the notaio's fee and their duties will include drawing up the contracts, contacting the notary, paying any taxes and registering the property.

Property registration tax in Italy.
Italian land registration tax, will be between 3% to 7% and relate to declared value and reason for purchase. A non resident will typically pay around 7%.

Italian estate agentís fees.
Estate agents fees in Italy can vary, and the buyer normally pays between 1 and 3 percent. A typical Italian estate agent's fee is negotiable and can even be split between buyer & seller.

   Buying in Spain >>


   Buying in France >>


   Buying in Italy >>


Guide to buying in Spain
The buying process explained, mortgages, finance & costs.


Guide to buying in France
The process for buying in France is well regulated and understood.


Guide to buying in Italy
The steps to buying a home in Italy from offer through to completion.




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