Before you buy
The legal side of a purchase
The italian notary
The property buying process
Taxes on real estates in Italy
The running costs of a house
The property ownership issues
The italian property market
Restoring an italian property
ICI 2007 - General Guide
ICI 2007 - Town of Gaeta
ICI 2007 - Town of Formia

|
 |
The legal side of buying a property in Italy :
Non Italian residents are legally able to buy property in Italy. You will need to have a tax code number (codice fiscale) and a bank account, both of which we can arrange for you. Under Italian law there are no restrictions placed upon non-residents willing to purchase a house in Italy, be they from Europe or
|
elsewhere and both buyer and seller use the same public notary, whose responsibility it is to oversee the final sale process.
Both seller and buyer are represented by the same estate agent, who will mediate between both parties.
Before these procedures can happen, as agents we need to check the land registry:
To ensure that the property is correctly registered to the vendor
To verify whether or not the property is correctly registered as a residential property
To make sure that specific types of properties in need of a radical restoration, like a barn or an old house for example, have already the necessary local council permission or that the required authorizations are forthcoming
That the essential services are available
That there are no undisclosed rights-of-way through the property
That no outstanding mortgages are bonded to the property
As agents and brokers our first commitment is to make sure that you are buying what you expect. Once we are happy with all the necessary legal requirements we pass all the necessary information to the Notaio who draws up the final sale document.
All the legally registered property transactions in Italy take place in front of a registered Notary (Notaio in Italian language) who represents the Italian government and whose role is to witness the signing of the legal documents making sure that all details are correct and that the property has no mortgages or any similar legal or financial burden on it.
The Notaio’s job is also:
To check that the sale documents are correct
To verify the identities of the parties involved
To collect the tax on the sale due to the Italian government and
To ensure that the entries in the land registry are updated and that the property is registered under the new owner.
|
|