Steve Emmett, MD of Brian French and Associates has said that property purchase in Italy is unfamiliar for the British and may face hindrances in the process. But still the British, have been attracted to Italy for its pristine beaches, Alpine landscapes, lush green vegetation and Mediterranean climate. The Italian property market is entering a growth period.
Property purchase in Italy is totally different from British system and the laws often change in Italy but it is fairly streamlined. As Mr. Emmett explained that property in Italy is registered on the Land and Buildings Register and checking the titles can be done fairly quickly.
Bureaucrats of Italy modify the laws now and then to make things difficult for the investors and they have to keep an eye and update them regularly. There are certain purchasing processes in Italian system that is favored over the UK system. The entire purchase process can take one to six months depending on many factors including the nature and complexity of the searches, the mutually agreeable completion date, and the arrangement of mortgages etc., once the preliminary contract is signed means both the buyer and seller are committed but in UK investors never know what happens until everything is finalized.
Global Property Guide stats say that last year Italian property market showed 5.6 percent growth rate .
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