COVID pandemic impact on the Italian property market If you own property in Italy or you are currently looking at the Italian Property Market, you may be wondering how the COVID-19 pandemic has impacted the real estate market in Italy. Unfortunately, many people have lost their jobs or have had to halt professional activities during […]
Force Majeure: “Act of God” Does the COVID-19 pandemic trigger a Force Majeure Clause in Italian Property Sales and Purchasing Contracts? Also known as an “Act of God”, a Force Majeure clause in contracts is widely known, yet narrowly understood. In general, a Force Majeure is an event that is beyond the control of either […]
An Italian real estate agency’s role is to connect vendors with buyers The first step in purchasing a home in Italy is to look for properties that you like. For this, services of a licensed Italian real estate agency provide invaluable support. An Italian real estate agency will facilitate property transactions. The agency will provide relevant information […]
Your Overseas Home Property events help people buy and move abroad safely Property Guides and The Overseas Guides Company (OGC) regularly run Your Overseas Home Property seminars. These are free events to help people buy property and move abroad safely and risk-free. Kim Brown founded OGC some 15 years ago. Kim’s parents had bought a […]
Voices of Experience: “I’m fighting a demolition order on my Italian Property” Involved in an ongoing legal case to get a demolition order reversed, our client offers insights and advice on how to safely buy an Italian property. If you are facing a similar situation and need help or if you have a story you […]
€1 properties in Taranto, Puglia Following the success of Italian hill-towns and villages, Taranto is now offering €1 properties for sale. Taranto, a city that sits on an island between a lagoon and the open sea in the region of Puglia is offering to sell some of its abandoned palazzi through a €1 scheme. Taranto’s […]
Budget Law 2020 merges former Italian property taxes to create a new IMU Italy’s 2020 Budget Law (art. 95) has seen the merger of former property tax IMU (Imposta Municipale Propria) and the municipal service tax TASI (Tributo Servizi Indivisibili) to create a new IMU (Imposta Municipale Unica) tax. However, tax payments for garbage collection […]
Italian Income Tax Relief In order to foster economic growth, as part of the Italian budget law, art. 5 of, “Decreto Crescita” came into effect in December 2019. Legislation provides for significant changes to the Italian income tax system for anyone who transfers their tax residence to Italy from 2020. The law is retrospectively applicable […]
Real estate contract law in Italy If you are considering buying real estate in Italy, Italian civil code in art. 1470 governs sales and purchase contracts for Italian real estate. A contract is a consensual transactional instrument through which one party (the vendor) transfers the ownership, or a right, to an assets to another party (the […]
Buying a house in Italy. What is a deed of sale? An Italian deed of sale is the final stage of buying a house in Italy. It completes your property purchase. If you are not familiar with the Italian property purchasing process, you may like to read our free to download guide. Buying and selling […]
