August 10, 2007
Property NewsBudget Italian property buys on the south coast
Italian properties are now more affordable. In the southern province of Calabria, several Italian properties are for sale for as low £44,000. These properties are marketed by overseas home specialist, International Property Link.
Calabria is still somehow untouched by tourism and modernism. Italian heritage and culture are still intact in the agricultural region with quaint villages and an almost isolated and pristine coastline.
The Marinella development sits in the town of Vibo Valentia. The apartments come with two bedrooms, two bathrooms and a communal swimming pool. 400 metres from the beach and 25 minutes from the airport, Marinella is close to Lamezia Terma city centre. The development is also close to several shops and pizzerias. Prices start from £60,000 with deposits from £21,000.
Posted on: Italy
August 8, 2007
New property hits the market in Italy
If you’re shopping for brand new properties, Italy is usually the last place you would look into. Most of the available properties in Italy are old or in need of major reconstruction or renovation. The good news for property investors who prefer the Italian sun is that the demand for new properties has grown significantly in the past few years.
According to Linda Travella of Casa Travella, the Italians have been so used to older properties that they are more enthusiastic towards newer property than one would imagine. She goes on to say that “whilst there will always be a market for converting older buildings into modern-day residences, there is now a growing number of clients on my books looking for something brand new or converted”.
Posted on: Italy
May 16, 2007
Beautiful Mediterranean scenery: Italy
Italy is considered by many as the epitome of Mediterranean scenery. Its rugged mountainous coastlines, miles of beautiful vineyards, garden terraces, orchards, vast lakes and inviting sandy beaches make Italy one of the most sought after places in the Mediterranean.
One of the most traditionally Mediterranean areas of the country is the Amalfi coast. A mountainous coastline on the south of Naples in Campania, the Amalfi coast has been named as a UNESCO World Heritage Site. A quaint area characterized by picturesque villages and towns that cling to the cliffs over sheer drops, the place is popular among tourists who visit to experience the scenery around the coast’s main town, Amalfi. There are other popular destinations in that area like Ravello, home to beautiful gardens sitting high up in the mountains.
Posted on: Italy
March 16, 2007
Second Homes ‘Ruining Tuscany’
In its aim to preserve the natural beauty of Tuscany in Italy, pressure group Legambiente is renewing its call on development restrictions. They claim that the region’s beauty and history are threatened by “rivers of cement” as a result of the demand for holiday homes in the area.
Posted on: Italy
November 29, 2006
A guide to buying property in Italy
Buying property in Italy is normally a straightforward process. However, there can be a lot of Italian red tape and bureaucracy - and it does tend to move slowly.
As with many countries, one must first obtain a tax identification number (condice fiscale) from the authorities. Next step would be making an offer on the property one is interested in securing. This commits the buyer in purchasing the property at the given price.
Posted on: Italy
The hows of securing Italian property
In securing Italian property, it is important to obtain a tax identification number or what is called a condice fiscale. This is applicable in other European countries as well.
As soon as this is accomplished, securing the property one is interested in buying will not be a problem. When the selling and the buying parties agree to a price, an initial deposit of 10% is required. This is then followed by drawing up a legally binding contract between the two parties, which details the responsibilities or the requirements each party ought to deliver.
However, in cases wherein the seller does not fulfill his or her obligation, the amount due is twice the amount of the initial deposit. If it would be the buyer who does not live up to the end of the bargain, the deposit made is not refundable.
Posted on: Italy
October 9, 2006
New Property Laws in Italy
Those who are considering to buy an Italian property will have to be conscious of the latest finance laws governing the buying and selling of residential property between private individuals.
The actual sales price can now be declared by the buyer in the notary act of sale but taxes are paid only on the re-valued cadastral value. Computation of the notary fees will be based on the real sales price but a twenty per cent discount will be given. A cadastre is a public register that shows the details of ownership and value of land mainly for taxation purposes. read more
Posted on: Italy
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