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
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The Notary (Notaio) and Italian property sales :
So how much will it cost you to buy your villa in Gaeta or apartment in Sperlonga? The key officer in your Italian property acquisition, the notaio (or notary public) is a legal executive who acts on behalf of both parties. The notaio handles the buying and selling transactions
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property in Italy acting on behalf of both the vendor and the buyer, unlike the solicitor or lawyer who would handle the transaction in the UK.
A fee is paid to the Notary for the preparation of the final purchase contract (rogito). This fee varies from town to town and is on a scale fee basis correlated to the declared value of the property. The notary’s fee on the property’s sale is based on a sliding scale of charges according to the declared sale value of the Italian property. According to each different area it may vary between 2-5% of the property value.
To have an approximate idea look the following table. Property in Italy up to a sale value of:
€50,000 may attracts a fee of €1400
Up to €250,000 a fee of €2000
Up to €300,000 a fee of €2200
Up to €500,000 a fee of €3000
Beyond half a million , add €100 for each incremental increase of €25,000.
There is a fee for the initial contract (compromesso) normally fixed at 50 per cent of the above in each case. Finally, the notaio will also charge smaller fees for the following: authenticating the documents (autenticazioni), property access rights (diritti accessori), legal searches (visure), and minor indemnities (indennita).
For more information go in the website of the notariato (english language):
www.notariato.it
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