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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Buying a property in Italy – The running costs :
Here there are some of the main running costs to remember after completing your purchase:
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Refuse/ Rubbish tax - Very small and linked to different criteria such as property size, different local councils charges and so on. It may between 100-300 euro payable in 4 instalments or all at once if you prefer.
Utilities - Electricity, water, gas/oil etc for heating, phone, a small fixed fee bimonthly plus the use of each of them (if you use it).
Annual Taxes (ICI) - The 'Imposta Comunale sugli Immobili' is an annual council tax determined by the size and quality of the property. It is not very high, about 100 - 500 euros, about 6‰ of the ‘Rendita Catastale’, income generated by the house and establish by the council. (payable twice in two rates or once a year ). This is the responsibility of the purchaser and has to be carried out on completion of your purchase.
Condominium expenses - If you buy a property which is part of a group of properties such as a flat for example. It is normal to share some communal areas like gardens, driveway, swimming pool, tennis court etc. then you will be required to pay condominium expenses. They vary as to the type and size of communal areas on the property.
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