Property Purchase in Italy

• English-speaking expats and foreign nationals looking to buy property in Italy - be that residential or commercial property.
• Investors seeking opportunities in the Italian real estate market.
• Individuals or families considering relocating to Italy or purchasing holiday homes.

• It is obligatory to obtain an Italian Tax Code (Codice Fiscale), which is mandatory for all property transactions in Italy.

Offer to Purchase (Proposta d'acquisto):

• Drafting an irrevocable purchase offer including buyer and seller details, property description, terms, proposed price, and payment conditions.
• Accompanied by a deposit (5-10% of the offer amount), held by the real estate agent until accepted by the seller​​.

Preliminary Agreement (Compromesso):

• A legally binding agreement specifying detailed property information, legal documents, and any burdens or mortgages.
• Upon signing, a deposit of 25-30% of the property value is typically paid​​.
• Governed by Article 2932 of the Italian Civil Code, highlighting its legal significance.

Final Contract (Rogito):

• The conclusive sale contract, signed in the presence of a notary, officially transferring ownership.
• If the buyer is not fluent in Italian, the presence of an interpreter or a legal representative through notarial deed is required​​.
• The contract must be drafted by a notary, who acts on behalf of the state to protect both the buyer's and seller's interests.

• Italian Civil Code (Codice Civile): Articles 1385 and 2932 are particularly relevant, detailing regulations around deposits and the binding nature of preliminary agreements.
• Notarial Deed (Atto Notarile): Essential for the final contract, ensuring legal validity and state registration of the property transfer.
• Tax Implications: Understanding property taxes, including stamp duty, VAT (if applicable), and land registry taxes, is crucial for a successful transaction.

• Expert Guidance Through Legal Procedures: Navigating the complexities of Italian property law with the assistance of experienced professionals ensures compliance and peace of mind.
• Streamlined Purchase Process: From the initial offer to the final contract, each step is managed efficiently, saving time and avoiding common pitfalls.
• Financial Advisory and Tax Planning: Expert advice on financial arrangements, mortgage options, and understanding of Italian tax implications maximizes your investment value.
• Notarial Assurance: The involvement of a notary guarantees the legality and validity of the property transfer, ensuring your rights are protected.
• Personalized Service: Tailored advice and services based on your specific needs and circumstances, ensuring a personalized approach to property buying in Italy.
• Language and Cultural Navigation: Overcoming language barriers and understanding local customs and practices with the help of bilingual experts familiar with the Italian real estate market.
• Post-Purchase Support: Assistance doesn't end with the purchase; receive guidance on property registration, tax obligations, and integration into your new community.