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Buying a second property in italy

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  • 22-08-2023 1:17pm
    #1
    Registered Users Posts: 7


    Hi,

    I'm at the very beginning of buying property in Italy . I'm not even sure of location yet (we are open to that ) but before all that I think it best to try an locate a reputable estate agent who speaks english , works with expats and can help with the legal side of things, had anyone here been through the process and recommend an agent or what do you feel is the best first step towards buying.

    Thanks

    Tracy

    Post edited by L1011 on


«1

Comments

  • Registered Users Posts: 3,678 ✭✭✭RichardAnd


    Se desideri acquistare una proprietà in Italia, sarebbe educato fare lo sforzo di imparare l'italiano ;)



  • Registered Users Posts: 1,215 ✭✭✭herbalplants


    You could be the agent Richard 😀.

    Did you look into those areas offering a house for 1 euro Tracey? I know they go for more than that. But they would have public notary assigned.

    Living the life



  • Registered Users Posts: 3,427 ✭✭✭NSAman


    che dire di tutti i traduttori che perderebbero il lavoro? dovresti sempre ottenere una traduzione completa di tutti i documenti E avere un avvocato che parli la tua lingua.



  • Registered Users Posts: 3,678 ✭✭✭RichardAnd



    Sadly, I only know enough Italian to s**tpost in the language :D.

    Property in Italy is a different beast. From what I recall of my uncle's buying a house there, the process is more intimate in that the buyer and seller often meet each other when signing the contracts. There is also enormous variation from region to region. A house in Palermo will be much less than a house in Milan. Generally speaking, the north will be more expensive, and if you're anywhere near the famous cities (i.e., Florence, Venice or Rome, you will pay more).

    If you have the money, my recommendation is Tuscany. You'll rent it out as a holiday home with no issues, and Tuscany is (in my opinion) the nicest region of Italy.

    Questo consiglio è buono :). Jokes aside, I wouldn't buy property in Italy without a a native speaker's being present.



  • Registered Users Posts: 7 tracy2000


    Thanks herbalplants,

    we did but we thought it might be wise to purchase a house or apartment with a little less work to be done on it and we were hoping to speak to a couple of estate agents that might help us start putting a plan in place and what would be the logical first steps, best areas, current house prices, legal costs, taxes etc. Then we could start to research areas on the back of that, work out budgets and start working towards viewings and purchase

    So I hoping some nice people here might be able to recommend a few good estate agents that I could contact.


    Thanks tracy



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  • Registered Users Posts: 78,387 ✭✭✭✭Victor


    Be careful. Different culture, legal system, taxes, geography. Consider living there for up to a year before buying.

    The Italian embassy in Dublin or the Irish embassy in Rome may be able to give you pointers.

    Importantly, different parts of Italy are subject to things like volcanoes, earthquakes, glaciers, rockfalls and snow avalanches. Temperatures can reach into the 40s in summer and stay below freezing for extended periods in winter.

    Costs and cost structures might be quite different, e.g. water charges and higher property taxes, but that might include bin charges.

    What will access to services be like? Shops, schools, medics, jobs, flights to Ireland.



  • Registered Users Posts: 7 tracy2000


    Thank you for that :)

    I didnt think to contact the embassy for the advice , I'll definitely do that



  • Registered Users Posts: 337 ✭✭chancer007


    Hi, I think if you check the askaboutmoney forum there is some threads about buying in spain/italy etc.. good luck with purchase.



  • Registered Users Posts: 3,427 ✭✭✭NSAman


    Italy is NOT the easiest place to purchase a property..:)

    it can take a long time, many meetings, getting to know you..etc..etc…

    As an example, a friend has FINALLY closed on a very nice property. It has taken 3 years………….



  • Registered Users Posts: 7 tracy2000


    Ok noted thanks 😊

    I have a feeling it's going to be a long process alright but I'm happy to start the ball rolling and get stuck in



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  • Registered Users Posts: 3,427 ✭✭✭NSAman


    If it’s something you want, go for it. Just invite us all for the house warming. Best of luck!



  • Registered Users Posts: 7 tracy2000


    Thanks chancer007, I'll do that too



  • Registered Users Posts: 12,406 ✭✭✭✭Calahonda52


    Have a good look at the tax issues also.

    All the following relates to Spain

    [By way of example, in Spain, if one half of a couple passes on, there is no tax free transfer of assets between spouses.

    If you need to sell the property to pay the tax, the tax must be paid first before the property can be sold.

    In addition, in Spain most renting must be done through a local agent.

    There are also annual returns to be made of worldwide assets, with significant fines for not doing so, the fines attach to the property.

    All Governments are looking for more revenue and Spain targeted the Expats/foreigners etc.

    There is also a massive problem with migrants and homeless breaking into holidays apartments: the Spanish police could not care less]

    .

    The most recent carry on with the bank levy in Italy would make me nervous: foreigners owning assets are easy targets.

    “I can’t pay my staff or mortgage with instagram likes”.



  • Registered Users Posts: 1,786 ✭✭✭DownByTheGarden


    A friend has a property in Spain and some squatters broke into it and just took it. No police or anyone at all were interested in helping. After about 2 years he finally had enough and went over and hired some heavies and they went in and beat the crap out of the squatters. He had to stay while the place was fixed up and then rent it long term before he left in case the original squatters or others moved moved back in after he left. He is trying to sell it now.



  • Registered Users Posts: 1,325 ✭✭✭Deub


    I think you have it backwards. IMO you should first know where to buy (the area) and then you can look for an estate agent speaking english that could help you with the search. I wouldn’t trust an EA that says they are specialists for the entire country. How can they know every area in Italy?



  • Registered Users Posts: 3,213 ✭✭✭Mic 1972


    What a ridiculous statement. People buy and sell properties around the world all the time, without having to learn the local language. A smart estate agent who wants to maximize its reach will have no language barrier. English, of all languages, is also extremely common in Europe



  • Registered Users Posts: 3,213 ✭✭✭Mic 1972


    If you are planning to rent out the property I suggest you buy in the north of Italy where rents are higher, especially Milan and Turin.

    if instead you want to use it as a holiday place then you should chose the area according to your taste



  • Registered Users Posts: 7,883 ✭✭✭suvigirl


    There's a girl in Instagram, 'stephmylife ' she is irish and husband English, they bought in abruzzo in Italy, she has a few highlights about it, why they picked there, how the process went etc



  • Registered Users Posts: 3,678 ✭✭✭RichardAnd


    Joke (noun): a thing that someone says to cause amusement or laughter, especially a story with a funny punchline.  

    That aside, if you are planning to live in someone else's country, one could do worse than trying to learn at least the basics of the language. Fluency may not be necessary, but an effort goes a long way.



  • Registered Users Posts: 290 ✭✭Honey50000


    Cant believe how little English they speak in Italy almost none.



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  • Registered Users Posts: 1,325 ✭✭✭Deub


    Why would they need to? Especially in the less touristic area?



  • Registered Users Posts: 6,822 ✭✭✭CelticRambler


    what do you feel is the best first step towards buying.

    Be very, very clear on why and where you want to buy. As others have said, when it comes to the realities of day-to-day life, "Italy" is a catch-all term for a huge number of different regions, each with their own customs, climate and local regulations. If you don't already know where you want to buy, and why, then at the very least, your first step towards buying should be to visit at least a dozen different areas at different times of the year and be able to say "I'd like to buy a house here, because ..."

    One word of caution: if you're thinking of having this second property to provide a supplementary income, don't assume that property rentals work like they do in Ireland/GB. Living in France, I'm surrounded by British people who thought it would be great to "buy a second property in France" and for whom the dream turned sour because they didn't take account of the different approach. It has less to do with being able to speak the local language and more to being ripped off or fobbed off because they never really wanted to live in the area, just own a property here. I see the same in Spain and Italy.

    Post edited by CelticRambler on


  • Registered Users Posts: 3,678 ✭✭✭RichardAnd


    It depends on where you go, but yes, the uptake of English in Italy is quite low. English seems to be more difficult to learn for Italians than Italian is for English speaker, but that's just my experience. Also, if the need to learn English isn't there, why would someone learn it? In fact, I once met an elderly Italian man who did not even speak generic Italian. Rather, he only spoke the Neapolitan dialect, which I discovered is quite removed from my own (not great) Italian understanding.

    It would be possible to live in one of the major cities without Italian, but it would be limiting. Also, why would one not take the opportunity to learn to speak some Italian? It's a fantastic language, and it opens up the door to all sorts of literature and texts on topics like art and history that simply aren't available in English.

    Post edited by RichardAnd on


  • Registered Users Posts: 26,509 ✭✭✭✭Peregrinus


    Why would you find this difficult to believe? In most of the world, little English is spoken.

    About 5% of the world's population have English as a first language (and most of these live in just two countries, the US and India). Another 13% have some command of English as a second language. 82% have no functional English at all.

    In Italy, about a third of people say they can speak a second language, and for about half of these the second language is English. That would suggest about 17% of the population have some functional English, but for many of these they learned English at school, and it's now fairly rusty. By and large, only Italians working in tourist-oriented business have much opportunity to use, and therefore retain or even improve, the English they learned at school.

    Relevantly to this thread, estate agency is not a tourist-oriented business.

    Most people who think about buying a property in Italy are considering a rural location. (Who wants a holiday apartment in Turin? Besides, there are plenty of cheap but attractive rural properties in Italy; not so many cheap, attractive urban properties.) But competnence in English is strongest in the cities of the north of Italy; weakest in the rural parts of central and southern Italy.

    I know (and am madly jealous of) a couple of people who have second homes in Italian villages. They both say that it's desirable but not essential to have Italian when buying a home, but it's pretty much essential to have Italian if you want to live in it. The tiler, the plumber, the electrician, the guy who comes to sort out your broadband, the assistant in the hardware store or the grocery — they'll all have little or no English.



  • Registered Users Posts: 290 ✭✭Honey50000


    It is the number 1 spoken language in the world and they are in the EU



  • Registered Users Posts: 7,883 ✭✭✭suvigirl


    Ireland is the only native English speaking country in the EU, why should people living in Italy speak English because of that?



  • Registered Users Posts: 290 ✭✭Honey50000




  • Registered Users Posts: 7,883 ✭✭✭suvigirl


    Those are countries where people speak English as a second language.

    Ireland is the only native English-speaking country in the EU.

    I'm shocked sometimes by the amount of Irish people who think everyone should speak English, while most of them don't even speak Irish!



  • Registered Users Posts: 1,325 ✭✭✭Deub




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  • Registered Users Posts: 290 ✭✭Honey50000


    38 counties speak English as a first or second language and you are asking me why Italians should learn it.



This discussion has been closed.
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