Property Investment Italy

The Buying Procedure

Italy is an excellent country for property investment. The country has a fairly simple property buying process but it differs a lot from the USA and UK systems.

I have gone through the real estate buying process myself and it is actually rather easy - once you understand it.

You may also involve your lawyer if you would like extra peace of mind although I have never done so.

The process is in three steps:

1) Make the offer

Once you find a property you like you then make an offer signed by you and the seller. This then gives you and the seller a certain amount of time to sign the Compromesso (preliminary contract). You normally pay around 10% of the purchase price which is held by the estate agent. If you back out after this is signed you lose this money. This is also when you can have your surveyor (Geometra) check out the property to make sure all is as stated.

2) The Preliminary contract (Compromesso)

The preliminary contract (Compromesso) commits both parties to the sale. The contract confirms that both parties agree to buy and sell the property, and agree on the terms and conditions of the sale. It is often a good idea to let your lawyer look through the contract as you need to pay a 1/3 deposit which you will lose if you back out after signing the contract. If the owner backs out he will have to pay you double your deposit.

3) Rogito

This is the final completion of sale. If you cannot be here you are entitled to give power of attorney to someone in Italy you trust or your agent. I would recommend that you attend in person though and with a translator if your Italian isn’t that good.

You will need an Italian tax number known as a codice fiscale, which your lawyer or agent can arrange. You will also need your passport.

It is vital that your mortgage is finalised too as you must make full payment and pay the notary, surveyor fees and all taxes at this point. The property is now yours.

My advice is to try and organise the mortgage and home insurance in your own country, particularly if you are buying a holiday home as opposed to moving permanently to Italy. The reasons I say this are: firstly it is easier to do in your own language and secondly, if your home currency isn’t euro, it eliminates the currency risk. 

For more information and a selection of properties visit our property investment Italy main page.


You might like these

  • “Why did you come to Rome, why The Vatican?” I asked. The Muslim gentleman replied  “I can feel God in this place.”

    Why the Vatican?

    “Why did you come to Rome, why The Vatican?” I asked. The Muslim gentleman replied “I can feel God in this place.”

  • Our Italian Newsletter is packed full of great insider tips about Italy, from Venice to Piedmont and much more in between - and it is all for FREE.

    Our Italian Newsletter

    Our Italian Newsletter is packed full of great insider tips about Italy, from Venice to Piedmont and much more in between - and it is all for FREE.

  • A couple of beautifully restored country houses, located in a rural setting in one of the loveliest corners of Italy. Only thing missing... YOU!

    A Country House in Italy

    A couple of beautifully restored country houses, located in a rural setting in one of the loveliest corners of Italy. Only thing missing... YOU!

  • Holiday homes in Italy  - The Marche region in Italy offers some real bargains -  see our selection of fine properties in this and other Italian regions.

    Holiday homes in Italy - Le Marche

    Holiday homes in Italy - The Marche region in Italy offers some real bargains - see our selection of fine properties in this and other Italian regions.

  • We take you to the Amalfi Coast, on a walk along the Path of Gods, said by many to be the most spectacular walk in the world.

    Amalfi Coast - Walk of the Gods

    We take you to the Amalfi Coast, on a walk along the Path of Gods, said by many to be the most spectacular walk in the world.

  • Looking to travel to Turin from Nice by Train? We have everything you need to know about this and other train journeys in Italy in our comprehensive insider guide to trains in Italy.

    Trains in Italy

    Looking to travel to Turin from Nice by Train? We have everything you need to know about this and other train journeys in Italy in our comprehensive insider guide to trains in Italy.

  • Planning on visiting Italy or still only dreaming? Either way you can travel through Italy for free with these gorgeous photo galleries...

    Travel through Italy in Photos

    Planning on visiting Italy or still only dreaming? Either way you can travel through Italy for free with these gorgeous photo galleries...

  • Making Limoncello, dinners in a family trattoria and a boat trip out to the Isle of Capri.  The 4 days of the Amalfi Coast Adventure are days you'll never forget.

    An Amalfi Coast Adventure

    Making Limoncello, dinners in a family trattoria and a boat trip out to the Isle of Capri. The 4 days of the Amalfi Coast Adventure are days you'll never forget.

Please Book with Us...

If you enjoy my site I'd love your support.

All you need do is book via the search box below, or any of the hotel links elsewhere on the website. It can be for travel to Italy... or anywhere else on earth.

You'll get the best deal available and the income we receive helps us to stay independent and to keep bringing you the best of Italy.

New! Comments

Have your say about what you just read! Leave me a comment in the box below.