SOL-ITALIA.com

Guide

Flying to Italy has never been easier due to budget airline competition, so wherever you decide to buy will still be easily accessible. In some areas the growth rate is up to 25%, this combined with the lack of capital gains tax on property in Italy makes it a shrewd option for investors, with a sound transport infrastructure and modern systems.
Italian property law is very well established and provides good protection for both parties if the sale is properly arranged.
The "compromesso" or preliminary contract will state:

• The full price of the property
• Method of payment
• The deposit (negotiable, but usually 20%, although can be up to 40% of sales price)
• The details of the buyer and the seller

The final contract (completion) is called Rogito. It usually takes place in the prescence of a Notary Public 2-3 months after the signing of the Compromesso. The Notary Public has the duty to guarantee title to the incoming purchaser, by first checking that the property is free from liens and encumbrances. Once the Rogito has been signed, the buyer consigns to the seller the balance of payment. We recommend the use of a bilingual Italian lawyer with experience in property sales.