In terms of international property investment, Canadian investors in Italian real estate face a complex and evolving legal terrain. This blog post builds upon a previous discussion and explores recent developments in the legal framework that directly impacts Canadian investors. We’ll shed light on a crucial exemption to the Foreign Property Purchase Restriction Act (FPPRA), […]
Ferragosto in Italy is a time of joyous festivities and a well-deserved break from the daily grind. This cherished holiday, deeply rooted in history, has become an integral part of Italian culture. As the country gears up to celebrate Ferragosto, let’s explore the traditions, closures of public offices, and how this holiday impacts services, including […]
Introduction to Jus Sanguinis and Italian Citizenship Jus sanguinis is a Latin term that means “right of blood.” In the context of Italian nationality law, jus sanguinis refers to the principle that individuals can acquire Italian citizenship by descent from an Italian ancestor. Italy is one of several countries that follow the principle of jus […]
Italian cities with the highest quality of life The well-known business newspaper “Il Sole 24 Ore” has been studying the quality of life in Italian cities and provinces every year since 1991. The study’s 90 indicators are grouped into six macro categories: Prosperity & Consumption, Economy & Employment, Justice & Security, Demographic Development, Environment & […]
How much does it cost to buy real estate in Italy? The average price of buying real estate in Italy ranges from EUR 1,929 to EUR 2,520 per square meter. Italian real estate prices are higher in the larger cities, especially Milan and Rome. In Milan, the average price of residential property in October 2022 […]
Italian beaches are renowned for their stunning beauty, stretching along a 7,500 km coastline and dotted with approximately 12,000 privately-owned beach concessions that collectively employ around 300,000 seasonal workers. However, in the past, the assignment of licenses for Italian beaches has been opaque and concession licenses have automatically renewed. As a result, the EU has […]
Buying a house in Italy? The preliminary contract is a crucial document when buying a house in Italy, as it outlines the specific terms and conditions of the transaction. It is often necessary to carry over the terms and conditions from the reservation offer to the preliminary contract. Moreover, the notary public will use the […]
We have an updated article on this topic, which you can read here: Canadian Investors in Italian Real Estate 2023 If you are wondering whether Canadians can buy property in Italy, this article is for you. The Foreign Property Purchase Restriction Act (FPPRA) came into effect on 1st January, 2023. FPPRA introduces Canadian property investment […]
China’s decision to join the Hague Convention is a major step towards facilitating international economic and trade activities. On March 8, 2022, China signed the Hague Convention of October 5, 1961, commonly known as the “Apostille Convention,” which eliminates the need for the legalization of foreign public documents. The Convention will officially take effect in […]
Make sure you fully understand documents before you sign them Translating legal documents is a highly specialised field. It demands not only legal experience but linguistic expertise. In the event of any issues or litigation, the Italian version of contracts will always prevail. So it’s crucial to ensure that you understand every document thoroughly before […]
