Be clear on what type of property you want to purchase. Is your aim retirement, regular vacations or investment? Are you mainly interested in the city-based pursuits of history and culture or more rural pastimes such as the cultivation of grapevines and olive trees?
Decide on which regions interest you. Parts of Italy can be cold and wet in the winter, so visit your preferred location at different times of the year. Consider renting a property first if you are unsure if a specific location is right for you.
Set yourself a realistic budget, depending on the type of property and location you are considering. You will also need to budget for land registration tax; VAT; fees for the lawyer, notary and translator; survey charges; and real estate agent’s commission. If purchasing an unfurnished property, you will need to replace anything that can be removed from the property, such as light fittings, cupboards and kitchen appliances..
Find a recommended local real estate agent who speaks English and build a relationship with her. Not only will she have the best information on local properties, but she will advise you on every step in the purchasing process.
Understand the purchasing procedures before you start viewing properties. While the agent should assist you, it is a lot less confusing if you understand in advance exactly when you are required to pay a deposit, organize a survey and undertake checks with the local authorities.
Hire an independent, bilingual lawyer with expertise in real estate. The lawyer will conduct the necessary background checks. Never sign a document that has not first been approved by the lawyer.
Ensure you meet all the requirements for foreigners. You will need to register with the Italian tax authorities and open a bank account. Check residency requirements if you plan to stay in Italy for more than a few months at a time.
