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Buying and selling real estate in Italy
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Property in Milan
Milan - financial and business center of Italy, the city is the most economically developed and densely populated. This city has long the reputation of the world capital of fashion and shopping, due to the variety of shops and fashion houses. Milan is not just the city, it's the lifestyle, so the real estate in Milan is the most expensive and prestigious not only in Italy but also abroad.
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Property in Italy
The distinguishing feature of Italy is the amazing political stability and the steadfastness of the real estate market. Italian real estate market is considered to be one of the most stable in Europe. Investors, who put their money into real estate in Italy, 100% are confident in the safety of their investments and guaranteed growth due to rising prices in the market. Even in crisis in Italy the real estate is actively bought and grows in value.
To determine what attracts investors to the Italian property market and why every year their number increases, we must consider some facts. Buying property in Italy is very expensive. When buying real estate the buyer must pay 11% state tax and 6% for notary fees and estate agent. But these expenses are justified because foreign buyer of Italian property is equivalent to Italian citizen, and can use all the rights of this country and he doesn’t have to create a company or resort other means to become the full owner of the property in Italy.
Buying property in any region of Italy, the buyer automatically receives Schengen visa that allows to stay in Italy for 180 days.
Real estate Italy is distinguished by its quality and durability. Italian builders are very sensitive to their business and real estate, so in Italy you won’t find abandoned buildings or houses without repair. In addition to the restored houses in Rome, Milan and other Italian cities, the market offers many new apartments and villas on the islands of Sardinia and Sicily.
A very important factor is that the Italian property market was closed to foreigners for a long period. And now, investors are rushing to buy up cheap property in Italy then to resell it. The perfect legal framework and strong institution of private property in Italy gives the investor full confidence in the future and the possibility of planning future prospects. All these facts once again prove that if the property in Italy is expensive compared with other European countries, its cost is absolutely justified by its benefits and impeccable reputation.
