A new guide has been released by a law firm for those interested in buying property on Italy.
This guide by De Tullio Law Firm, writing for nubricks.com gives prospective buyers advice on where to buy and purchase procedures. He has stated that there are three stages to purchasing a home in Italy - the reservation offer (proposta irrevocabile d'aquisto), preliminary contract (contratto preliminaire di vendita) and deed of sale (atto di vendita).
The company recommended the investors that inspite of buying through a real estate agent or directly from a vendor, they should always engage the services of a solicitor.
At the stage of signing the preliminary contract, Buyers must usually pay a deposit, normally at least ten per cent of the purchase price, which should be examined by a lawyer. The buyers should know that there are 3 documents to sign when buying a property in Italy. They need to sign a written irrevocable property purchase offer and to give a small part-payment. After that they have to sign the preliminary contract of sale, in which they states the full Property price of the property, the name of the notary and the dates when the purchasing act will be fully complete. At the stage of signing the preliminary contract, Buyers must usually pay a deposit, normally at least ten per cent of the purchase price(caparra confirmatoria) which should be examined by a lawyer. The final document is the notary deed and purchasers will have to pay in full the remaining balance of the agreed Property price.
New laws have been introduced in Italy, which stipulate that buyers can now declare the real sales price in the notary deed but only have to give taxes on the re-valued cadastral value of the property. The notary fees will be discounted 20%, as it would be calculated on the actual sales price. There have also been changes in capital gains tax to put off vendors from under-declaring the market price they receive.
Meanwhile, Country Lifehas reported that Italy's property market is proving "more robust" than other destinations for buying homes abroad.
Jan 26, 2009
Calabria property looks good for 2009
The Calabria province has become the best emerging market in Italy and provides a wealth of opportunities for people looking for property in the country, according to industry experts.
Calabria Property said that the region is "rich in history and culture" and offers a traditional and relaxed atmosphere. The firm also said about the province's natural beauty, including its "unspoilt" landscape and the three seas, The Tyrrhenian, The Ionian, & The Mediterranean and added that it is an ideal place to escape to at the weekends with friends and family.
Calabria Property said that the region is "rich in history and culture" and offers a traditional and relaxed atmosphere. The firm also said about the province's natural beauty, including its "unspoilt" landscape and the three seas, The Tyrrhenian, The Ionian, & The Mediterranean and added that it is an ideal place to escape to at the weekends with friends and family.
Calabria's newly accessible and stable market has cheap property prices and the unspoiled nature of the region means investors have their pick of desirable locations to choose from. The other attractive features of the region are the availability of property close to the sea, as well as strict planning regulations. Rules are implemented to prevent the construction of overly large buildings and it has allowed the region to stay authentically Italian.
InCalabria, property specialist firm which specializes in property in Southern Italy, has said that the region of Calabria and is experiencing increased demand and property market looks good for 2009.
Analysts at the International Property Investment Network (IPIN) have stated that Calabria offers numerous attractions for foreign property buyers. The growth in tourism was cited as one of its main attributes, as the increase in demand for flights to Calabria has led to airlines introducing new services.
Commenting On the investment trends in Italy, Rhiannon Williamson, director of Amberlamb said: "It is this increased accessibility that's dictating which areas of the nation are now worth looking at."
InCalabria, property specialist firm which specializes in property in Southern Italy, has said that the region of Calabria and is experiencing increased demand and property market looks good for 2009.
Analysts at the International Property Investment Network (IPIN) have stated that Calabria offers numerous attractions for foreign property buyers. The growth in tourism was cited as one of its main attributes, as the increase in demand for flights to Calabria has led to airlines introducing new services.
Commenting On the investment trends in Italy, Rhiannon Williamson, director of Amberlamb said: "It is this increased accessibility that's dictating which areas of the nation are now worth looking at."
Jan 20, 2009
Italy offers affordable holidays to the Brits
Tourism officials in Italy have said that Italy offers affordable holidays to the Brits, despite the current exchange rate. Recent survey by Sunday Times revealed that Italy is the Best European Country ahead of places such as France, Spain and Greece.
Commenting on the survey, spokesperson of the Italian State Tourist Board said that this encourages them to work even harder to improve Italy's image abroad. He also said that the organisation is very pleased that that Italy is the most popular European country among the British public.
Meanwhile, Italy was also named best European country by Telegraph readers in the publication's annual travel awards. According to the Telegraph, Italy still has much to offer budget-conscious visitors despite the falling value of the pound has made holidaying in the eurozone more expensive.
"Some things remain good value, including train travel, wines direct from vintners, organic groceries and village trattorie off the main tourist trail," Telegraph reports.
Italy's investment potential is likely to be boosted by growth in its tourist trade. For overseas property investors, the expected growth in tourists will bring with it new opportunities as holidaymakers need more apartments, villas and other forms of rental accommodation in Italy.
Ths comes after the news that Italy is in the top three destinations offering the best quality of life for Britons and ranked sixth for cost-effectiveness, making it attractive to those wishing to escape the credit crunch , according to a list compiled by Alliance & Leciester.
Commenting on the survey, spokesperson of the Italian State Tourist Board said that this encourages them to work even harder to improve Italy's image abroad. He also said that the organisation is very pleased that that Italy is the most popular European country among the British public.
Meanwhile, Italy was also named best European country by Telegraph readers in the publication's annual travel awards. According to the Telegraph, Italy still has much to offer budget-conscious visitors despite the falling value of the pound has made holidaying in the eurozone more expensive.
"Some things remain good value, including train travel, wines direct from vintners, organic groceries and village trattorie off the main tourist trail," Telegraph reports.
Italy's investment potential is likely to be boosted by growth in its tourist trade. For overseas property investors, the expected growth in tourists will bring with it new opportunities as holidaymakers need more apartments, villas and other forms of rental accommodation in Italy.
Ths comes after the news that Italy is in the top three destinations offering the best quality of life for Britons and ranked sixth for cost-effectiveness, making it attractive to those wishing to escape the credit crunch , according to a list compiled by Alliance & Leciester.
Jan 18, 2009
Italian Ski resorts benefit from High speed rail services
Improvements to the transport network in Italy are likely to have a positive effect on the Italy's skiing destinations, experts have revealed.
The Observer's Daniel Elkan has described his recent experience of traveling by train to the Italian resort of Sauze d'Oulx, it may take longer to get there, but traveling by train gives the vacationers an extra two days on the slopes - and also they can avoid the hassles of airport queues.
He said that he has challenged a friend to make the same journey - London to Sauze - by plane, Mr Elkan took a Eurostar to Paris before changing on to a train bound for the Italian peaks. The writer accepted that the flyer's trip turned out to be "20% quicker" But still he believes that his train travel was far better in terms of "convenience and quality".
Mr. Elkan added that Sauze d'Oulx is a good resort for those who want to party hard and it is best reached by day. The total journey time was 10 hours, 36 minutes. He boarded the Eurostar to Paris Nord and took the train from Paris Lyon to Oulx, from where a 15-minute local bus rides to Sauze d’Oulx. The Eurostar portion of the journey can be booked up to 90 days in advance, and the onward part up to 60 days in advance. He also added that he was keen to travel by train not just because of the extra two days' skiing, but for ecological reasons as flying to a European ski resort is estimated to have 10 times more impact on global warming than traveling by train.
Meanwhile, Currency specialist HiFX stated that Italy is becoming very popular with buyers who wish to cash in on the popularity of winter sports. Ski chalets aresaid to be in particularly high demand between January and March. easyJet reports reveal that Turin in Italy is a favorite airport destination for Brits to reach the snow en route to the Sauze d'Oulx resort .
The Observer's Daniel Elkan has described his recent experience of traveling by train to the Italian resort of Sauze d'Oulx, it may take longer to get there, but traveling by train gives the vacationers an extra two days on the slopes - and also they can avoid the hassles of airport queues.
He said that he has challenged a friend to make the same journey - London to Sauze - by plane, Mr Elkan took a Eurostar to Paris before changing on to a train bound for the Italian peaks. The writer accepted that the flyer's trip turned out to be "20% quicker" But still he believes that his train travel was far better in terms of "convenience and quality".
Mr. Elkan added that Sauze d'Oulx is a good resort for those who want to party hard and it is best reached by day. The total journey time was 10 hours, 36 minutes. He boarded the Eurostar to Paris Nord and took the train from Paris Lyon to Oulx, from where a 15-minute local bus rides to Sauze d’Oulx. The Eurostar portion of the journey can be booked up to 90 days in advance, and the onward part up to 60 days in advance. He also added that he was keen to travel by train not just because of the extra two days' skiing, but for ecological reasons as flying to a European ski resort is estimated to have 10 times more impact on global warming than traveling by train.
Meanwhile, Currency specialist HiFX stated that Italy is becoming very popular with buyers who wish to cash in on the popularity of winter sports. Ski chalets aresaid to be in particularly high demand between January and March. easyJet reports reveal that Turin in Italy is a favorite airport destination for Brits to reach the snow en route to the Sauze d'Oulx resort .
Investors with properties to rent in or near to Italian ski resorts could be able to take advantage of Brit's love for the snow, easier accessibility by trains and increased tourism makes all investors to increase rates and gain financial returns.
Jan 12, 2009
Norwich Expat praises the quality of life in Sardinia
A homeowner and former estate agent from Norwich has highlighted some of the attractions of Sardinia in Italy, the Sun reports.
Sally Usher, from Norwich has spoken of her decision to purchase a second home in Sardinia. Earlier, she was working as an estate agent in Norwich but in order to start afresh in a foreign country she wanted to become a scuba instructor. Italy is considered to be ideal for people who want to work overseas, as foreigners often go to work in a holiday mindset.
She added that she chose to buy in Sardinia after visiting it for a holiday, during which she "fell in love" with the area. She said that she has her husband are happy now and has started up a business as a property-finder for English-speaking clients.
Speaking to the Sun, she stated that she had been drawn to the area by many factors, such as its reasonable property values. In addition, she said Sardinia had more charm than many other popular investment hotspots, she said that she loved the lifestyle, the culture, the people and the food.
Meanwhile, the Telegraph has stated that the growing desire to live abroad among many British people is showing no signs of abating despite the economic downturn.
Sally Usher, from Norwich has spoken of her decision to purchase a second home in Sardinia. Earlier, she was working as an estate agent in Norwich but in order to start afresh in a foreign country she wanted to become a scuba instructor. Italy is considered to be ideal for people who want to work overseas, as foreigners often go to work in a holiday mindset.
She added that she chose to buy in Sardinia after visiting it for a holiday, during which she "fell in love" with the area. She said that she has her husband are happy now and has started up a business as a property-finder for English-speaking clients.
Speaking to the Sun, she stated that she had been drawn to the area by many factors, such as its reasonable property values. In addition, she said Sardinia had more charm than many other popular investment hotspots, she said that she loved the lifestyle, the culture, the people and the food.
Meanwhile, the Telegraph has stated that the growing desire to live abroad among many British people is showing no signs of abating despite the economic downturn.
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