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Italy is one of the most beautiful and diverse countries in the world and this is reflected in its real estate market. Whether you are looking for a lakeside retreat, a penthouse in the heart of Milan Fashion District, a villa on the Ligurian Riviera or in the Tuscan hills, owning a property in the "Bel Paese" is a unique experience. Find out how to buy luxury properties in Italy by relying on the professionalism of Italy Sotheby's International Realty.
By filling out the following form, you can receive our "2022 How To Buy", with information regarding the regulations for foreigners who are interested in buying real estate in Italy.
Fill out the form to download the buying guide.
Italy is one of the most beautiful and diverse countries in the world. This is reflected in the quality and desirability of Italian real estate. Italian property law sets forth no restrictions to foreign ownership. Italy Sotheby’s International Realty can guide you through the entire real estate purchasing process. In Italy both the seller and buyer pay the commission fee to the agent. Commissions may vary from area to area.
The Elective Residence visa allows citizens from outside the Schengen area to reside in Italy if they own or rent a property in Italy and can demonstrate sufficient personal income. The visa lasts one year and can be renewed indefinitely. After five years one can apply for a long-term resident’s permit, which lasts five years. After ten years one can apply for Italian citizenship. Our legal partners can facilitate the process of securing the Elective residence Visa.
Italy has introduced a new taxation system dedicated to foreigners who move their tax residency to Italy. Most income earned outside of Italy is taxed at the substitute amount of € 100,000 per year, and € 25,000 per year for each family member to whom the effects of the flat tax are extended. Furthermore, individuals benefiting from this tax regime are exempt from the monitoring of foreign held assets on behalf of Italian tax authorities. Property tax is well below 1% of the property’s market value. Furthermore, the resale of privately held property is exempt from value-added tax if it occurs at least five years after the purchase. Inheritance tax in Italy is also very convenient compared to other countries.