Italy Property Costs Calculator
Complete breakdown of all costs for foreign buyers purchasing property in Italy
Italy Property Costs Calculator
Complete breakdown of all costs for foreign buyers
Property Details
Cost Breakdown
Understanding Italian Property Purchase Costs
Buying property in Italy involves several mandatory costs that foreign buyers must consider. The total cost typically ranges from 10% to 15% of the property value, depending on various factors.
Key Cost Categories:
- Registration Tax: 2% for first home (EU residents), 9% for others
- Notary Fees: 2-3% of property value for legal processing
- Agency Fees: 3% + VAT if using a real estate agent
- Legal Fees: €2,000-€3,500 for foreign buyers
- Annual Taxes: IMU and TASI taxes for ongoing ownership
Special Considerations for Foreign Buyers
Non-EU buyers face additional requirements and costs when purchasing Italian property, including higher legal fees and translation requirements.
Foreign Buyer Benefits:
- No Restrictions: Foreigners can freely buy most Italian properties
- Tax Treaties: Many countries have agreements to avoid double taxation
- Renovation Grants: Access to EU and Italian renovation incentives
- Rental Income: Ability to rent out property for income
- Residency Path: Property ownership can support residence applications
Need Expert Guidance?
Giuseppe Funaro and the InvestInPuglia team specialize in guiding foreign buyers through the Italian property purchase process, including accessing EU grants and navigating legal requirements.
Frequently Asked Questions
What is the registration tax rate for foreign buyers?
EU residents pay 2% for their first home in Italy, while non-EU residents and second homes are subject to 9% registration tax. Luxury properties (>€750k) are always taxed at 9%.
Do I need a lawyer when buying property in Italy?
While not legally mandatory, it's highly recommended, especially for foreign buyers. A lawyer ensures all legal requirements are met and protects your interests during the purchase process.
Can foreigners get mortgages in Italy?
Yes, but requirements are stricter for non-EU residents. Italian banks typically require higher down payments (30-40%) and proof of stable income. EU residents have easier access to financing.
What are the ongoing costs of owning property in Italy?
Annual costs include IMU tax (0.4-0.76% for second homes), TASI tax (~0.25%), insurance, condominium fees (if applicable), and maintenance. First homes are often exempt from IMU tax.