A codice fiscale is the Italian tax identification number issued by the Agenzia delle Entrate, and you are required to obtain one before completing a property purchase in Italy. Overseas buyers must secure this tax code from local authorities along with opening an Italian bank account to finalize transactions, although local bank account is not always necessary. You can apply for your codice fiscale at...
Before purchasing property in Italy, you should conduct a cadastral and land registry search to verify ownership and any liens, review the building's compliance with planning permissions and structural regulations, and ensure the property has a valid APE energy certificate. At Trevi Elite we engage a qualified notaio and geometra early in the process helping international buyers identify issues with...
The timeline to buy a property in Italy typically ranges from 60 to 90 days once you've identified the right property, though this can vary based on financing, legal checks, and whether you're purchasing as a non-resident. The process involves making an offer, signing a preliminary contract with a deposit, completing due diligence, and finalizing at the notary. In our experience guiding international...
Total costs of buying property in Italy typically can range from 7 up to 20 percent of the purchase price, covering registration tax, notary fees, agency commissions, and legal expenses. Buyers qualifying for prima casa benefits on a principal residence can reduce these expenses significantly., while buying a luxury asset for a development company can take the registration tax alone to 22% of purchase...
The notaio in Italy is an independent public officer who ensures the legal validity of your property transaction, verifies ownership and encumbrances, formalizes the transfer through the notarial deed, and registers the sale with land authorities. Unlike many countries where lawyers handle conveyancing, the Italian notaio acts as a neutral guarantor of legality for both buyer and seller, conducting full...
The Compromesso or Contratto Preliminare is a binding preliminary contract that legally commits both parties to complete a property sale at a future date, specifying the price, property description, location, and grounds. This agreement creates enforceable legal obligations and allows either party to seek legal enforcement if the other withdraws, making it a far more serious commitment than a simple...
The choice between new build and resale in Italy depends entirely on your priorities regarding condition, location, and tax efficiency. New builds offer modern finishes, energy certifications that reduce ongoing costs, and in some cases attractive tax incentives for new residents. However, resale properties dominate the historic centers of Rome and Milan, where character, location, and architectural...
Foreigners can buy property in Italy with minimal restrictions, though the process differs based on citizenship. EU citizens enjoy the same property rights as Italian nationals and face no limitations. Non-EU citizens can purchase property if their country has a reciprocity agreement with Italy, which includes most major markets including the United States, Canada, and the UK, and other countries. The...