How to Buy a Property in Italy – Introduction to Italy Real Estate ❤️

How to Buy a Property in Italy – an
Introduction to Italy Real Estate. Are you going to let events around the world
stop your dream to buy a property in Italy? Would you like to get an ongoing
collection of news, reports, resources and courses on working and living in Italy? It’s so easy to access! Just take a quick moment to subscribe and click the “Bell”
icon so you’ll never miss out again! Irrespective of what happens regarding
the UK leaving or staying in the EU, people around the world are, and will still be drawn to the idyllic lifestyle – la dolce vita – of living in Italy. This initial series of 9 articles and videos provides an outline and overview of
what’s involved in buying property in Italy. Let’s not forget that renting
property in Italy is also an option, and you may consider renting prior to buying
as part of your research and due diligence. In this series, we’ll cover: 1. Does the Italian Government allow foreigners to buy property in Italy? 2. Why do you want to buy property in Italy? Know your reasons for buying; 3. Where do you want to buy property in Italy? What region and locations do you prefer? 4. Steps to take before viewing Italian properties; 5. Steps to take when viewing
Italian properties; 6. Steps to take when offering on Italian properties; 7. The
legal process that follows on a successful offer to buy a property in
Italy; 8. The costs and taxes involved when you buy a property in Italy; 9. A
bonus section of helpful and useful tips and information to help you achieve your
goal of living la dolce vita. There’s a lot of property for sale in Italy, and once you start undertaking your research for Italian real estate, or searches of
Italian villas for sale, for example, then depending on your budget, you could be
spoilt for choice. Part 1: Does the Italian Government Allow
Foreigners to Buy Property in Italy? The simple answer is “Yes!”. Overall, Italy is
regarded as a “no restrictions country” when it comes to buying property, but
there are some restrictions on who can buy. It’s easier if you’re an EU national
or you live in a country that has reciprocal arrangements with Italy, such
as the US and Australia. So, do your research to find out if and what those
restrictions are. Generally: (1) There are no restrictions on the type of property
you can buy, including undeveloped land, as well as shares of companies owning
properties in Italy; (2) Property can be bought by individuals and/or legal
entities, such as companies; (3) The purchase of real estate of any value
does not give you an automatic right to a residence permit; (4) You can get
permission to apply for residency by announcing your intention to live in
Italy, and proving that you have enough money for this, which is known as the
Residenza Elettiva (the elective residence). This is for non-EU nationals
who wish to reside permanently in Italy and are able to support themselves
autonomously without the need of employment. There’s a very helpful
website that explains the whole elective residence process. A url link is in the
Description box below this video. For EU citizens, there are two very helpful
websites about obtaining residency. Again, details can be obtained from the url
links in the Description box below this video; (5) The ownership of real estate
will be considered an advantage when considering an application for a
residence permit. As always, undertake your research to find out if there are
any restrictions, so you can allow yourself plenty of time to overcome them
or work around them before progressing to the next stage in the Italian
property buying process, which we’ll cover in the next video, part 2, entitled:
Why Buy a Property in Italy? To ensure you don’t miss out on future videos on
Expert Essentials for Italy, please subscribe to our YouTube channel,
and then hit the “Bell” icon. Plus, don’t forget to share these videos with friends, family, business colleagues and associates. Thanks for watching and make it a great day. Until next time…. ciao for now!

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