How to buy a house in Italy

4 Comments
  1. Very good post. I’m facing a few of these issues as well..

  2. Great post!

    I’m currently in the process of buying a flat in Abruzzo, do you have any guidance regarding the costs a purchaser would incur?

    such as Realtor commission, inspection, lawyer review with municipality regarding any outstanding work orders of deficiencies, and ultimately closing the deal.

    Thanks in advance!

    • David

      Dear Rocco,
      There are various costs that a buyer has to bear in order to buy a house in Italy, which are different from case to case. For example, if you ask a real estate agent to assist you, he/she has the right to a commission (art. 1755 c.c.) that, on average, is around 2%-4% of the price of the deal plus IVA (Italian sales tax). If a lawyer is involved, his/her professional fee will depend on the activity you ask him/her to perform, therefore we cannot predict it at this time. Furthermore, costs increase if you need a bank loan, because in this case the Public Notary will have to draft two contracts and, therefore, your costs will double. Notary fees for deeds and loans depend on the price of the “house” and on the mortgage related to the loan (the mortgage is usually equal to twice the bank loan amount). In addition to Notary fees, you will also have to pay taxes, that vary significantly if the seller is an individual (natural person) or construction company (in the latter case IVA applies), and if you purchase as “first home” or “second home”. We can give you a quick example. Recently we assisted a client who bought a “first home” in Rome for the amount of € 450.000 circa. She asked for a bank loan of € 165.000 circa. The following were (more or less) the related costs: 1) Notary fees for the deed € 2.800, for the loan € 2.600; 2) registration tax € 1.797 (2% of the cadastral value), mortgage tax € 50, cadastral tax € 50. You will then need to add the real estate fee and the costs that the bank asks to “open” the loan (€ 500/1000). We will be glad to assist you in case you decide to buy an estate in Italy. Please send us an email (info@vademecumitalia.com) with your specific request of assistance and your contact details and a lawyer will get in touch with you as soon as possible. We look forward to hearing from you. Thank you for contacting VI.

Leave a Reply