Buying a home in Italy: One American expat’s struggles
Frances Mayes’ 1996 blockbuster bestseller, “Under the Tuscan Sun,” made buying a home in Tuscany the pinnacle of Italian dreams. A garden. A beautiful kitchen to cook fresh Italian dishes. And, oh, that Italian sun. But it’s not always a love story. Buying a home in Italy can be a story of disillusionment.
Like me, Chandi Wyant is an American expat, travel writer, author and one-time Colorado transplant. Her book, “Return to Glow,” about her 40-day pilgrimage walk in Italy, has become a big hit. She moved to Tuscany for a second time last spring and was hopeful about buying a small house or apartment. It’s a long process and sometimes painful. In between moving out of freezing rental that had no heat, into another temporary rental with friends, she joined me for an online Q&A about her experiences house-hunting in Italy.
WHAT’S THE BIGGEST DIFFERENCE BETWEEN BUYING A HOME IN ITALY AND THE U.S?
The market is not liquid like the U.S. market tends to be. Flipping houses is not a thing with Italians. About 70-80 percent of Italians own the homes in which they live. Property is passed down through generations — or if Italians don’t inherit a house, they tend to buy one and one only.
Property in Italy should not be seen as an investment. It’s better to buy if you want to live there forever. Although if you’re not going to live in the property you buy and if it’s near tourist attractions, you can rent it out for income.
If you are concerned about resale, you need to know that it is usually quite difficult to sell a house that is located in the countryside. The best places for resale are the historic centers of popular cities.
WHAT HAPPENED IN YOUR SEARCH?
I looked at about 20 places in Lucca and surrounding area, and about 20 in the center and the outskirts of Florence. Then I got burnt out and stopped.
WHAT DO YOU GET FOR YOUR MONEY?
Price range in Florence: To get a decent-looking but small two-bedroom apartment in the center or slightly on the periphery but not in a horrible area, you are looking at a minimum of 300,000 euros ($360,000) and the kitchen is likely to be barbie sized and it’s unlikely there will be a garden or a terrace. To get two bedrooms with radiant floor heat and a large garden in a great location you are looking at 550,000 Euro ($670,000).
WE ALL HEAR ABOUT THE CONFUSING ITALIAN BUREAUCRACY. HOW BIG A PART DOES IT PLAY?
The process of using a real estate agent is different in Italy than in the U.S. Americans are used to choosing a realtor based on who they feel is sympathetic to their wish list, and who they know will go to bat for them. In Italy you don’t have such a luxury. There is no central data base like Multiple Listings Services in the U.S. Realtors have their territory. They represent only some properties. And they work for the seller as well as the buyer, which doesn’t allow for the “They have my back” feeling.
In my experience I spent about a hundred hours during a two-month period, searching properties online, then requesting further info when I saw something interesting, and then I received an onslaught of calls in Italian from realtors and had to set up eight showings with eight different realtors for a two-day trip to Florence.
The amount of realtors I spoke to and met was dizzying and I couldn’t keep them clear in my head. Needless to say I find the U.S. system to be more straightforward and more pleasant.
Finally I found a realtor in Florence who seemed more competent than the others, and who I felt really was taking my criteria to heart. I asked her if I could be exclusively with her. The answer was “Yes but…”
Because of the lack of a MLS, my exclusive realtor had to ask other realtors if she could show their property to me, if I wanted to see one she didn’t represent. Sometimes she got a yes and sometimes a no.
Lastly, regarding bureaucracy, there are numerous complex technical and legal aspects to buying property in Italy and foreigners can easily get in over their heads. My advice is to take it slowly, rent first and do a lot of research about the market and the process and the expenses, and always hire competent legal assistance when buying a property in Italy.
HOW MUCH DID THIS EXPERIENCE TAKE AWAY FROM THE ROMANTIC NOTION OF BUYING A HOUSE IN TUSCANY?
If you have a lot of money to spend on a property in Italy you may possibly still feel the romance of it that is encouraged by enticing photos on real estate ads and by Hollywood movies. If you are on a budget it can be a painful process if you have the romantic version in your head.
WHAT’S THE WORST THING YOU DISCOVERED?
The kitchens. When you’re on a budget they’re awful. And even if you have $670,000 to spend on an apartment in Florence, the kitchen will likely be enclosed by walls with no window.
I viewed a new apartment in Florence (550,000 euros or $670,000). I couldn’t afford it but it had radiant floor heating and a large garden, so I just had to see it. (After going through the winter months in a rustic countryside place with no heat the thought of radiant floor heat, and new, air-tight construction sounded like heaven.) I walked into the main room, a nice big space, with large windows and a glass door at the end of it, opening to the garden. But at the back of this room where there were no windows was the kitchen with walls around it, all closed in.
While I love hundreds of things about Italy, I will never love a windowless kitchen in a closet.
(Italians think kitchens must be hidden which is why they’re typically built into windowless corners, or even literally found inside closets.)
I am actually very adaptable to many things. When I lived in India I had to go outside and dig a hole to go the bathroom. But I have not been able to relinquish my love of a kitchen that is the heart of the house, a place that is inviting and festive, with an island where guests can sit with their wine while the host prepares food.
My dream kitchen and my dream of living in Italy may not “marry well” (to take a phrase from Italian) and I have to find a balance.
WHERE ARE YOU NOW IN THE BUYING PROCESS?
After doing a huge push with my search through December and January, I became disheartened about what was available in my budget. And the dollar was getting lower, so I took a break. I may have to stray farther into Florence’s periphery to afford an apartment that feels attractive to me. My next task is to get to know those areas and learn how resale prospects may change for an apartment in the periphery versus in the center.
Chandi is a world traveler, photographer, writer and historian. She moved to Tuscany in the spring of 2017 after a long love affair with Italy that started in the 1980s when she first traveled there at age 19 and then returned the following year to live in Florence and learn the language. Chandi has a master’s degree in Florentine Renaissance history and has taught at colleges in the US and overseas. On her website, Paradise of Exiles, she blogs about how to move to Italy.
Chandi’s memoir about her 40-day pilgrimage walk in Italy has been featured on numerous travel websites and podcasts to rave reviews. You can get the book here.
You can find her on instagram and Facebook:
instagram @paradiseofexiles
Facebook https://www.facebook.com/ParadiseOfExiles/
Un po' di pepe
March 22, 2018 @ 10:24 pm
I was lucky. I bought my tiny place in Orsara di Puglia from my cousin so I didn’t have to go through the usual bureaucracy. It used to belong to our Nonno and cost less than my new car! Places are a lot cheaper in smaller towns. I hope Chandi finds a place soon. Ciao, Cristina
John Henderson
March 23, 2018 @ 12:49 am
Thanks for the comment. Yes, everyone seems to get homes from relatives. My girlfriend got her apartment from her father. She hasn’t paid a mortgage in years. How is life in Orsara di Puglia? I know some people who bought into the romantic notion of living in small-town Tuscany would be ideal. They were bored stiff and moved to Rome. But they were single and had no families.
Un po' di pepe
March 23, 2018 @ 10:16 am
I usually only spend the summer in Orsara, and this year I was also there in November. i live in Canada the rest of the time. The summer and festa times are wonderful in Orsara! Fresh air, good food and passeggiata in the evening, plus the population is bigger. The winter can be long and lonely, with not a lot to do, but my friends and relatives seem to do well there. Ciao, Cristina
John Henderson
March 23, 2018 @ 11:42 am
Orsara sounds lovely. I’ll put it on my wish list.
Sue
June 10, 2018 @ 10:32 am
I am an American and we are selling our beautiful three bedroom three bath home that is in a little community right outside of Florence in the middle of Chianti. It has an American style kitchen and a beautiful tavern with a garden in the front and the back. Are usually is quite difficult to purchase property, however I do have one available if you know of anyone who is looking for a special place near Florence.
Chandi
June 11, 2018 @ 3:36 am
Hi Sue,
Whereabouts in Chianti is it? Can you email more info?
chandi at paradise of exiles dot com
joyce giraud
November 25, 2019 @ 11:40 pm
Do you have any pictures?
cydney
August 13, 2018 @ 9:44 am
Hi Sue, I’d be interested in seeing the property you’re selling. We’re looking to buy something in Italy, but it must be very close to Florence. Your place sounds beautiful!
Thanks!
Anetta
June 16, 2019 @ 9:04 am
since the Euro came around the economy needs went really down they cannot afford to buy or sell, we have a beautiful house in Puglia on the Adriatic Sea so my mother put the house for sale 6 years ago my mother put the house for sale 6 years ago I am sorry you have to hear this but it’s just the wasted purchasing a house in Italy while the Euro still acting
mujgan
September 17, 2019 @ 4:47 am
I am Turkish, I want to buy a house in Italy, but the city centers are expensive
Phyllis Stercula
September 17, 2019 @ 4:59 am
true I bought it thinking it would stay in the family or I would rent it out
Elizabeth Budd
May 31, 2020 @ 2:59 pm
How much are u asking?
Renee Hazellief
February 18, 2021 @ 7:29 pm
Hi Sue. If you have not sold your house yet I would like to get some information on it.
Melinda
March 19, 2021 @ 5:10 pm
Hey there, looking to buy and very serious, Can you update me on your property
GIOVANNI DE PETRIS
October 22, 2018 @ 6:31 am
Sorry about your experience
I sold in Abruzzo a beautiful small renaissance home, in a protected village (protected from speculation) I wish I had heard of these struggles before!
Anyhow: rules are different in every nations, I bought and sold in the USA and sometimes the USA can be very painful especially with the new laws for loans etc
But rules guarantee you , in the USA there are too few and loose ones at that: I saw homes with cracks in walls, mold under kitchen cabinets that obstructed a vent (GASP) etc etc
so not so different where one is armed with experience for the various locals.
Please understand Italian homes are centuries hold: don t expect Beverly hills and spacious this and that: there was not even a good toilet in the 1400 !
the fun is in making it yours and some have been reappointed by great architects: good hunting
PS I love Abruzzo, stop focusing on the usual regions, you miss out, check Marche Abruzzo Molise, Puglia the appenine in Emilia Romagna
M Goodness: GORGEOUS places everywhere
Ciao Amici!
Phyllis Stercula
February 7, 2019 @ 6:14 am
We just bought a 1500 Sq Ft. apartment in Abruzzo. It is a little village between the Adriatic Sea and Gran Sasso mountains. My relatives all live there and the house cost less than a car. 25,000 euros. I paid another 7,000 plus for feeds and closing. The apartment needs renovation but hope to get started soon. From my balcony I can see the mountains and from by kitchen window I can see a little of the sea. I had them remove all from the apartment before settlement including the kitchen and I picked a new kitchen before returning to the US for $14,000 euros which includes all appliances, countertop, faucet, sink. This is a big kitchen by Italian standards and 13 meters. You are right that Italians do no like open floor plans as the architect was trying to talk me out of putting my sink at the window and said I should add a distinction between the kitchen and sitting room/family room. All very interesting. I can’t say it was a bad experience however I did have cousins who were involved all the way. The only thing that took me off course was the fact that I bought the house for one price but it was valued higher when I got to settlement and as a result I had to pay more taxes and I was also told that I could not qualify for the “first Home Benefits” in Italy and pay low taxes because I was not an Italian citizen. This was not told to me in advance and I was really surprised. None of this was told to me upfront which left a bad taste in my mouth and a little confusion issues with my cousins who took it personal that I questioned it and did not trust them. It was interesting to say the least but overall I so far am happy that we did this and look forward to the remaining process.
Ted Hart
May 22, 2020 @ 1:13 am
Are there any properties with acreage for cheap? I’m more interested in acreage due to my preference in having a vegetable garden along with fruit and nut trees. I also have dogs plus young children that are in middle school.
Kate
January 3, 2019 @ 1:14 pm
I am just looking to buy some small house in Italy and the project is not to exceed 10.000 GBP!
Of course including renovation and all costs related. We will see how I go.
John Henderson
January 4, 2019 @ 12:04 am
What is GBP? British pounds? You want to find a house in Italy for 10,000 pounds. That’s not possible so I’m assuming GBP means something else.
Phyllis Stercula
February 7, 2019 @ 6:29 am
I agree, unless you plan to spend hundreds of thousands even if you find one for 10,000 pounds, it would be very expensive to restore or may not even be possible to restore. be careful…
Manuela
April 20, 2020 @ 1:06 pm
Hi, in the small town as San Marco Argentano, you can have a very nice house for 10.000 GBP but you have to renew from scracht. you can contact me if you can
Karla
August 4, 2022 @ 8:36 pm
I would like to know more about your success story in Italy. I am looking as well.
John Henderson
February 8, 2019 @ 2:57 am
Thanks for the comment and advice, Phyllis. The amount of work involved in renovating property here makes pouring money into the black hole of a rented apartment seem less of a waste.
Phyllis Stercula
February 8, 2019 @ 5:52 am
yes I have to agree because yearly taxes are very low in Italy, I think it is a good investment to buy especially now prices are low although it is a bit of a hassle to renovate but if you find the right people and take it slow, it can be done and much more reasonable than in the USA. I will have to see how it goes as I have not started the renovation yet, John.
Vincent Graziani
May 26, 2020 @ 3:01 pm
Hey Phil, nice to see you on the site, it’s Sam, your brother.
Nik
May 15, 2019 @ 1:34 pm
What bank would provide a mortgage to an American? I walked into a bank in Italy and they said they won’t give me a mortgage unless I work and live in Italy. I’m struggling to find a bank that will provide me with a mortgage, can anybody point me to the right direction?
John Henderson
May 16, 2019 @ 3:50 am
Write Chandi Wyatt directly or to Expats Living in Rome Facebook page.
Alen Lovrenovic
April 21, 2022 @ 4:29 am
Good evening everyone, my name is Alen and I live in Las Vegas, I started looking into some properties in Italy,to he specific in Calabria,beautiful,and I am looking for any bank that would provide me a loan or mortgage, does anyone knows more about it and can you please give me an advice where to go or who to contract ???
Thank you si much!!
Alen
Gioran
July 14, 2019 @ 8:11 pm
The same with the USA. No banks will mortgage any home unless you work and live here, plus they will not mortgage any home outside of the USA, even you live and work in the USA, or have a property to put as security for your finance.
Anthony Alioto
July 17, 2019 @ 6:44 pm
Not always true. There are circumstances were US banks with your excellent credit references will allow a mortgage. I have seen this a few times over the years
Alen Lovrenovic
April 21, 2022 @ 8:45 am
Did you buy it on the end, did you figure out a mortgage?
Thank you
Nik
May 16, 2019 @ 7:59 am
Thank you I did both of those!
Gabriella
July 9, 2019 @ 9:19 am
It is surprising to me to notice that you didnt’t take in consideration Sicily… amazing blog, though
Anthony Alioto
July 17, 2019 @ 6:53 pm
The Prima Casa “discount” is available to Italian Citizens, not necessarily living in Italy. Example, we have a client residing for many years in NY, born in Italy with an Italian passport, who just acquired title to property in the family home town in Italy. She got the discount, Prima Casa, on her recurring property taxes.
Omar Hannoon
July 20, 2019 @ 5:06 am
may you please send more info and photos if possible, and the req. price
my big thanks to you
Omar
John Henderson
July 20, 2019 @ 6:39 am
Price of what?
Elisabetta
July 25, 2019 @ 7:41 am
I’m buy a house to Italy Sicily.
Real estate agent advised us that because we are non-residence we’re going to be paying a tax of 9% on the property tax .
Of course this is a one time fee.don’t you find it too expensive. I do have a doer citizenship and I do have a European passport too . but I’m non-residents in Italy can anybody advise me about this .
John Henderson
September 17, 2019 @ 4:57 am
They’re expensive outside the center, too. What’s worse is they’re even harder to resell later.
Anthony Alioto
September 17, 2019 @ 8:52 am
I read through some of the posts and have a few observations on the formalities of transferring property in Italy. There were a couple of comments that stood out as totally misleading but will not get into details. Suffice it so say the following:
1. One cannot buy property if one of the co-owners is deceased, i,e, the property report is essential to see who the owner(s) are. Someone on title born in 1910 (example). Stop. Fix this.
2. Filing succession documents removes the deceased party.
3. You did not have Italian citizenship to buy
4. Selling property requires passing through the recording agent (il notaio) with both buy and seller(s) present. Of course, a dully authorized Procura (power of attorney) may be used, Of course, it must be in Italian.
5. “property tax” of 9% is incorrectly stated. It is a one-time transfer fee, not a tax!
Summary: one acquires title to property by:
a. succession (inheriting… dichiarazione di successione)
b. sale (atto di compravendita)
c. gifting (atto di donazione)
d. renouncing one’s ownership is difficult and a times impossible
In short, do not state “avoiding the bureaucracy”. There is always the right way,
Anthony Alioto
http://www.italianlaw.net
San Francisco / Roma
Anthony Alioto
September 17, 2019 @ 8:54 am
9% is a transfer fee, not a property tax
Charlene
October 16, 2019 @ 12:49 pm
I want to return the province my family is from – Abruzzo – and buy a home for approx 300,000 Euro. I prefer the countryside. Am I to assume that the property will no increase in value from the comments left on this blog and it would be difficult to sell?
Ted Hart
May 22, 2020 @ 1:22 am
I’ve been hearing the Abruzzo county has affordable housing and they desperately need people
to come up to buy property.
Charlene
October 16, 2019 @ 12:49 pm
I want to return the province my family is from – Abruzzo – and buy a home for approx 300,000 Euro. I prefer the countryside. Am I to assume that the property will no increase in value from the comments left on this blog and it would be difficult to sell?
John Henderson
October 17, 2019 @ 12:35 am
Yes, that is correct. I’ve been told never to buy in Italy. It’s hard to find anything affordable and when you do buy they’re impossible to resell. Remember, Italy is going through its biggest recession since World War II. No one has money to buy houses here. If you’re lucky, maybe an American expat will buy it.
Vincent Grazini
May 26, 2020 @ 6:12 pm
In the US, the first thing we think about is how much $$ can we make on the resale. How about just buying a house to enjoy it. In Italy the point of buying a home is to soak up the wonderful things that the country has to offer. I bought a house from the 1500s with brick vaulted ceilings for 25,000 euro, in a medieval hill town, 10 minute scooter ride to a beautiful beach town. Did a complete renovation from the ground up with brick vaulted ceilings. I have to say that the quality of construction, the workmanship in this country is second to none. Not once did I think about how much I could make on the house – just saying…
Tara
June 24, 2020 @ 1:58 pm
Vincent that is so interesting. I found one that I’m interested in Monte Roberto but needs rebuilt. Is it easy to find locals to work on the process ?
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March 25, 2020 @ 4:53 pm
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May 19, 2020 @ 3:00 pm
wow !! quiet interesting:)
Ruta
June 11, 2020 @ 11:00 pm
My husband and I are going to spend 3 years in Italy. He will be working somewhere close to Naples airport. We’re considering to purchase a property instead of renting. I know that some areas around Naples are less desirable or maybe even dangerous to live. Can anybody give any advice on what area or town we should be looking at? Desirable distance would be about half an hour drive to or from the airport.
Clair Rogers
July 20, 2020 @ 11:57 am
Hi Ruta,
I lived in Naples for 7 years! Most places are not much more than a half hour drive to or from the airport. Vomero is a decent residential quarter and Posillipo, near the sea, is lovely. A bit more peaceful, as you are out of the chaos, but very sought after!
Gavin
June 13, 2020 @ 8:15 pm
Great article ! Thank you Chandi and John. I’m on a low budget and just started looking online. I’ll only be at the location / be it a small townhouse or a small rustic property for a few months out of the year. Can anyone point me in a direction in terms of learning about the legal process / bureaucracy / rights of Americans ? If anyone has an online reference or resource, I would greatly appreciate it ! Thanks, Gavin
Marco
July 8, 2020 @ 4:46 pm
Would you consider purchasing in Genova ?
m.renda
March 24, 2022 @ 8:18 pm
Ciao Marco,
Are you a real estate broker?
Shawn
June 15, 2020 @ 11:48 am
I am looking at
A place about 40
Minutes outside of Florence, it belongs to a friend of mine,
Not sure how it works there as compared to the states, But can you put a % down and make a morgage payments there as in the states?
Michael Roper
June 30, 2020 @ 1:47 pm
We bought an apartment in the center of Lucca 12 years ago with a beautiful modern kitchen that even has a window! The previous owner had modernized the place in good taste as a home for himself and his new bride but she changed her mind just before their wedding and he was highly motivated to sell and move back to his parent’s home in Pisa. We also have a rooftop terrace, a fireplace, guest room and extra half bath. Pre pandemic, we were spending 3 or 4 months a year there. While not renting it out, we let family and friends to use it. We were happy that we chose Lucca over a bigger city. Its proximity to Pisa Aeroporto has been great for using budget airlines to visit other European destinations too.
Su
July 2, 2020 @ 7:26 pm
I am also looking at buying in lucca or just outside the walls, within walking distance of the centre.
May I ask, did you look at other areas besides the centro storico?
And if so, what are your other recommendations? I find that the properties with terraces are very expensive! But I long for some outside space !
June
July 7, 2020 @ 11:48 pm
She should’ve bought a normal house in the countryside like you do if you live in Las Vegas. You live in a normal suburb and drive to downtown Las Vegas. Or in France, if you live in a suburb outside of Paris you can travel there by car.
Marco
July 8, 2020 @ 4:44 pm
LIGURIA GENOVA
I have two beautiful fractionated residential units in Genova Foce Mare sea and mountain view cellar and parking included for more information please reply to this post . With regards , Marco
Clair Rogers
July 20, 2020 @ 11:53 am
I have bought and sold property twice in Italy now and to be honest didn’t find it any more complicated than buying in my own country, which is the U.K.
I am currently selling a 70 m2 apartment in a renovated stone hamlet with a swimming pool, 4 km from Radda in Chianti, in the heart of the Chianti Classico wine producing area in Tuscany. There is a good AirBnb and holiday rental market in the area. I am selling because I want to buy something closer to Lago Maggiore, where I currently live with my partner. If you are interested please reply to this post.
Andrew
July 22, 2020 @ 7:27 am
Hi Clair. We are going to sign the papers for our house in Barge, a small town about 45mins south of Turin near the Italian/French Alps. We feel we’ve got a fantastic property for the money (detached property with 2 acres of land £31,500). With your experience, could I ask you a couple of questions:
1) Due to a small budget, we decided not to use any legal services, only the estate agent and obviously the Notaio. Thus far, we have not had any real problems, although ALL the relevant information has not always been forthcoming. That said, we are considering using some of the money from the sale of our house in the UK to buy cheaper properties in Italy, with a view to renovating and selling for only a modest profit, which would suffice for the following year outgoings wise; take the pressure off. I must stress that this is solely for this purpose; we are not looking to start a property renovation empire. Given some of the comments regarding resale prospects, would you encourage us to do this and would what are your thoughts on not using a legal firm?
2) You mentioned the “Air bnb” market being buoyant in Italy. We intend converting the upper level of our property into a self-contained apartment (traditional Italian external stairs not always a drawback!). The question we are asking, and have asked numerous Italian Air bnb owners, is how does this work tax wise?…..without exception, everyone we have asked in Italy have said they do not declare the income. This we find very strange, bearing in mind that you are advertising yourself on a web site? What are your thoughts?
Kind regards, Andy
Steph
September 16, 2020 @ 7:57 pm
Claire Rogers-
I’m interested. Have you sold it already?
Liz Lewis
April 17, 2022 @ 12:19 am
Clair – just reading your comments. How does it work if you purchase a property in Italy and rent it out as an Airbnb some of the time? Just beginning the search, am from the US. Thanks, Liz
Jan
July 28, 2020 @ 3:13 pm
Anybody got experience of living in Scicily?
jill
December 2, 2020 @ 1:27 pm
Claire-
I would be interested in information on your property if it is still available.
Thank you!
Charles
August 27, 2020 @ 10:51 am
We built a house from a ruin in Marche and had a UK mortgage on our UK house. Much easier than wasting time trying Italian banks
Alen Lovrenovic
April 21, 2022 @ 4:46 am
Good evening everyone, my name is Alen and I live in Las Vegas, I started looking into some properties in Italy,to he specific in Calabria,beautiful,and I am looking for any bank that would provide me a loan or mortgage, does anyone knows more about it and can you please give me an advice where to go or who to contract ???
Thank you si much!!
Alen
Kerrie D
September 8, 2020 @ 1:48 am
I do not agree with the statement that it is impossible to purchase a property in Italy for GBP10000. We purchased a placed in a lovely little medieval town in Umbria, a fantastic region in the centre of Italy next to Tuscany, for the grand sum of euro 9500. It was not falling down and I could have moved in after a good clean up and clean out, but have decided to very slowly renovate it. So far, I have had the bathroom enlarged and a new kitchen will be going in soon. Also the walls will have the stonework redone plus plastering re done. This has, so far, not even cost me Euro 10000, so all up a very cheap place only 30mins from Assisi and Perugia in a gorgeous medieval town with 6 museums and ringed by beautiful mountains…I feel very lucky. Not to say there have not been some ups and downs but on the whole I am thrilled.
Barbara Klinkhammer
September 14, 2020 @ 7:18 am
I just bought a house on Lake Garda. It was actually a very positive experience with a lot less stress than I originally thought. The closing took one hour with a notary who had checked on title searches and other legal issues. Due to the lack of options to finance in Italy (I am actually a US and German citizen) or through a bank in Germany, we had to take a line of credit against our own house in the US. We used a transfer service for the money which turned out to be much cheaper compared to a bank transfer. We were told in the beginning to expect about 10% fees and taxes on top of the purchase price which turned out to be a lot lower since the mandatory state tax for foreigners of 9% is based on the cataster entry and not on the purchase price. Notary fees were 3000$. We were lucky to not have to pay any real estate broker fees which typically for the buyer are around 4%. Good luck to everybody considering buying a house in Italy!
m. renda
March 24, 2022 @ 8:05 pm
Barbara, Hope you dont mind me asking couple of questions. I have a dual citizenship like you, American and Turkish. I found a place in Genova for 23,000 euroś. I am trying to get answers for the expenses but hard to make contact with the real estate people. So I decided to rent a place there.
I I can, and go from there. Like you, I dont have a bank account and know that it is hard to open one. You say that you used transfer service, what is that? Looks like notary is an important person.
I understand that taxes can be high but depends on cataster. Is there anything else?
Thank you very much.
best rgds.
Casey Horgan
April 17, 2022 @ 12:27 am
Barbara – I want to purchase property in the Lake Garda area (Sirmione is one of the places I’m interested in). I’m vacillating between buying a place in a town where I can rent it out when I’m not there (US Citizen/3 month stay a year only) and a place that has some land for animals (goats, sheep possibly). As I look into this, there are obvious questions of realtors, taxes, rental laws, etc. Would you be willing to talk with me about your experience and give me some advice on how to proceed? Thanks,
Zelda Summers
September 14, 2020 @ 2:02 pm
I’m contemplating purchasing a small flat for my daughter and myself, not in Florence though, we’re in the North of the country. But I’m just worried about the market liquidity. Say i want to move 5 years after buying, but can’t? The market isn’t liquid at all, is it. It’s a case of buy to live there forever, as your article says. I already own a property in the UK which is rented out and helps me pay my rent here. I’m not sure really whether it is worth it at all purchasing a small flat with no garden or balcony (my rental apartment is big with a garden, and cheap too) as my quality of life would deteriorate greatly, only to own it at the end of say 25 years of making mortgage payments on it??! Not sure what to do…
Luis Alvarez
October 4, 2020 @ 4:32 am
I’m looking to buy a small house with garden in the Reggio Emilia area, or lake Garda or Brescia. If anyone has property interested in selling please let me know. Price range around 200k euro.
Nest Sourcing
October 7, 2020 @ 5:02 am
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Manuela
March 18, 2022 @ 5:23 pm
Reading through all the comments and stories I have mixed feelings.
I am Italian and living in USA. We wanted to purchase a home with a realtor and found A beautiful home near the coast in Porto Cesareo, Puglia. We flew back to United States with purchase agreement signed and the down payment. three months later after multiple times asking what’s taking so long about the paperwork we found out that he’s sold the house to somebody else and he was returning our money. His reasoning was the documents were not in order which before signing the papers we had asked him if everything was OK and ready for purchase and he said yes. We asked if we could use it for a couple weeks were visiting my mother and he said no somebody else is in the house knowing very well that by this time the house should’ve been in my name. We are discouraged and this experience left us very disheartening. As much as I love my country, you are not shield from dishonest realtor and corruption.
Maria
July 9, 2022 @ 5:40 pm
We purchased our home in a small town in Puglia. 12,000 euros in 2014. We moved right in and started to update. Put in another 30K to renovate kitchen and add balconies, and add a bathroom. Just love it now. The process to buy was like a bad dream but in the end it worked out. We hold dual citizenship. Opening the bank account in italy was an expense and the most difficult part.
Giampaolo Coppini
February 20, 2023 @ 7:09 am
Hello I came across this article due to a degree of despair regarding my shattered hope of making some money off of my apartment in Florence which I inherited and just for context I hate to admit that I have many mental health issues that have brought me to this last hope of modest well being, because for example I am now in my early 40s and do not have a driver’s license and so it was always fairly discouraging to achieve normal independence in the USA, so moving back as a dual citizen, with the help of art related odd jobs was a bit shattered upon discovering that the platform known as air B&B would be taxed at least 21% making it virtually impossible for me to be able to save anything if I was able to in the first place…I hope I am simply unaware of many possible solutions but one of my biggest setbacks before discovering about the tax was how I was going to get the necessary funds together over time to attempt adding a second bathroom to the otherwise rather large apartment. I am looking for answers but regardless will be moving back to Florence, and I hope that the relationships formed there or rekindled could point me towards some peace of mind.
Vincent Schwager
August 28, 2023 @ 10:16 am
As an American living in Italy since the 90s, also foreclosures, I must confess that I did not find buying and selling a home in Italy as challenging as it seems to be – actually now is as easy as ever. Obviously you need to do your research, check the papers. and, most important, find a competent Notary Public, after you find the house you like. The Italian market is as liquid as anywhere else, it’s also base on location, location, location.