PROPERTY TRANSACTIONS
We offer a fully customized service tailored to meet the specific needs of each client, both national and international. Our personalized approach extends to every stage of the process, from property selection to the management of procedures, including direct purchases, purchases with a reservation of ownership, and rent-to-buy solutions. Each step is followed with the utmost care and professionalism, ensuring that you can approach the purchase with complete peace of mind. Additionally, thanks to our extensive experience in the sector and our well-established network of contacts in the area, we have access to properties and land that are not always publicly advertised. This allows us to offer exclusive solutions that align with your specific requirements, providing a thorough property search that goes beyond standard listings and responding to your needs in a unique and personalized way.
STEPS OF THE REAL ESTATE TRANSACTION
The buying and selling process begins with a preliminary document check, where it is essential to verify cadastral and urban planning compliance, as well as the presence of any legal constraints, such as mortgages or prejudicial registrations. Those who are not industry professionals will benefit from relying on a real estate agency, which will handle all the necessary and useful verifications.
Subsequently, it is evaluated on a case-by-case basis whether to proceed with a purchase offer, a letter of intent, or directly with a preliminary purchase agreement.
- The purchase offer is a formal declaration in which the buyer expresses their intention to acquire a property. We draft it in a personalized and detailed manner for each case, including all essential information for the transaction process, as well as the technical details of the property.
- The letter of intent, unlike the purchase offer, is a pre-contractual document, almost always non-binding between the parties, making it highly useful for initiating real estate negotiations with clarity and precision.
- The preliminary contract is signed by the parties once they have reached a general agreement, defining in this document all the essential details of the transaction required for the execution of the final deed.
The next step is the tax verification, where every buyer must obtain an Italian tax ID number. EU and non-EU buyers can apply for it even if they are not residents in Italy.
The signing of the notarial deed is mandatory for the transfer of ownership.
After the signing, the deed is registered, recorded, and the various taxes are paid through the notary. This applies to both Italian buyers and those from the EU and non-EU countries.
Finally, the delivery of the property takes place simultaneously with the signing of the deed, with the handover of the keys to the buyer.
LEGAL DIFFERENCES
Italian buyers are not subject to particular restrictions when purchasing property in Italy, except for state-owned properties, which require specific authorizations for sale. There are no specific residency requirements for purchasing property in Italy, unless the buyer wishes to benefit from special tax incentives.
Buyers from the European Union are treated the same as Italians and there are no specific legal restrictions on property purchases.
Buyers from non-EU countries may face stricter restrictions. Italian law establishes that non-EU residents may be limited in purchasing property, a matter regulated by bilateral treaties with different non-European countries. These agreements may set specific conditions, such as the ability to purchase only certain types of properties or with surface area limits, with particular attention to reciprocity.
TAX DIFFERENCES
As for tax rates, there are no differences between Italian and foreign buyers, whether they come from EU or non-EU countries. All buyers are subject to the Registration Tax when purchasing property from a private seller, with a rate of 2% for the primary residence (if the residency and usage requirements are met) and 9% for second homes or other properties. If the purchase is made from a company, VAT of 22% applies for residential properties. Additionally, the mortgage and cadastral taxes of €50 each are due, along with the archive tax, which varies in amount.
In certain cases, the resale of a property within 5 years of purchase may be subject to capital gains tax. The seller can opt to apply a fixed rate of 26%, with the notary acting as the withholding agent, or the taxation will occur according to the IRPEF tax brackets. If the property was used as the primary residence for the majority of the ownership period, then the capital gain is not subject to taxation. For building land, capital gains are always taxable, regardless of the holding period, as it is considered a speculative sale. The sale of houses, agricultural land, and properties in zone H is taxable if sold within 5 years of purchase.
PAYMENT METHODS
Italian Buyers use traditional payment methods such as bank transfers or cashier’s checks, the details of which must be included in the deed. Various taxes (mentioned above) are paid through the notary at the time of the deed signing.
EU and Non-EU Buyers can pay via bank transfer, in case they do not have an open account in Italy.
Customized Marketing Plan
At our agency, we are committed to creating tailor-made marketing plans for each client, designed to increase visibility and enhance the properties in the best possible way, while always respecting confidentiality and privacy. Our approach is focused on ensuring adequate exposure across the most suitable channels, with customized strategies for every need, while maintaining the necessary discretion for each situation.
We design targeted solutions that meet the specific needs of each client, offering a service distinguished by professionalism, attention to detail, and a strong commitment to privacy.
Even after the sale, our agency remains at your disposal, offering a dedicated post-sales service. We continue to be your point of reference for any further needs.
