Real estate prices in Italy, stable in February 2022
Magaraggia Law Firm Blog
by admin
1y ago
Real estate prices in Italy vary greatly by region During the month of February 2022, the asking price for property for sale was highest in the Trentino Alto Adige region, at €2,892 per square meter. On the contrary, for a property for sale in the Calabria region, only €919 per square meter was asked, the lowest value in Italy. In the same month, the asking price for rental properties was highest in the Lombardy region, at €14.75 per square meter per month. On the other hand, the lowest average asking prices were in the Calabria region, with only €5.03 per square meter per month, the lowest va ..read more
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How inflation, war in Ukraine, affect the Italian real estate market
Magaraggia Law Firm Blog
by admin
1y ago
Ortona, ItalyInflation, war: the consequences for the Italian real estate market Inflation is never good for the real estate market. Sooner or later, it prompts the Central Bank to raise the prime rate, that is, the interest rate that they apply banks when they borrow money, the same money they borrow to issue mortgage loans. The latter become way more expensive which obviously affects the demand for real estate acquisitions. Inflation in Italy was limited to 1,7% for the whole of 2021. That was because at the beginning of last year inflation was even very slightly negative because of falling ..read more
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Buy a house in Italy with residence abroad: what benefits can you get?
Magaraggia Law Firm Blog
by admin
1y ago
Staletti – Calabria, ItalyFirst home bonus for moving abroad Many speak of brain drain, describing this phenomenon as a all Italian “curse”. However, this is often accompanied by another equally frightening factor: bureaucracy. In fact, when young people emigrate for work, they have to face a thousand quibbles not only in their new country, but also in their own homeland. This is also the case of those who intend to buy a house, while maintaining their residence outside Italy. In this case, however, there are straightforward and easily implemented solutions. In fact, if this is the first prope ..read more
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Italy: on sale 1500 properties at auction under 50,000 €
Magaraggia Law Firm Blog
by admin
1y ago
La Spezia – Italy Does buying a house at auction really save you money? The answer is affirmative! Indeed, that’s the only real reason why the auction market in Italy grows so fast. In addition, the auction market offers a great choice in terms of properties. Why do properties go to auction? There are 3 main reasons: The property is owned by a citizen who is unable to pay his debts. The property is owned by a company that has declared bankruptcy. The property is owned by a public body or by the Italian State which is obliged to sell the property through a public auction. In addition, co ..read more
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The map of INPS real estate at auction in September 2021
Magaraggia Law Firm Blog
by admin
1y ago
The map of INPS (the Italian social security agency) properties at auction in September 2021 The real estate divestment plan for INPS assets continues. After the session last May, between 22 and 30 September other apartments and commercial premises will be auctioned in Lombardy, Veneto, Lazio, Tuscany and Marche. We prepared a map with some of the most interesting properties that will be offered for sale. Let’s see all the useful info to submit an offer. Among the properties owned by INPS that will be auctioned there are not only apartments but also several commercial premises and a real esta ..read more
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Italy: how online real estate auctions work
Magaraggia Law Firm Blog
by admin
1y ago
Pisa, Italy – cathedral What is an online real estate auction and what is the difference with a traditional auction? A real estate auction procedure is in general a method of sale that allows you to put more bidders in competition, to obtain a higher consideration and therefore greater satisfaction for the needs of the seller. Today, all auction procedures, both those relating to the disposal of assets of public bodies and the judicial ones, are instead carried out online. Why does a property come to a judicial auction? A property undergoes a judicial auction sale process if the owner has de ..read more
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Buying a house at auction in Italy, a bargain
Magaraggia Law Firm Blog
by admin
1y ago
Ancona, ItalyBuying a house at auction: everything you need to know Notary Valentina Rubertelli, president of the National Council of Notaries, provides with useful tips for buying a house at auction while saving costs. Why does a house go to auction? There are three different reasons why a property ends up at auction. The first concerns individual citizens: because when one or more creditors are not able to pay, the latter have the right to retrieve their property. The second case concerns companies that in the event of bankruptcy see their assets alienated. The third case concerns public b ..read more
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Italy, many 1 euro houses at the seaside
Magaraggia Law Firm Blog
by admin
1y ago
In Italy, there are 1 euro houses by the sea €1 houses in Italy, what you should know: I don’t sell €1 houses, so please avoid asking me questions in the comments below they are all abandoned houses, which need restructuring, that can be often times costly the owners sell then them because they don’t want to pay neither the restructuring nor the taxes buying a house in Italy doesn’t give you the right to live nor work there, unless you’re a citizen of the European Union you can get a good deal, but you must invest to renew the house. More and more Italian municipalities are joining the init ..read more
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Drinking water bonus 2021: a 50% tax credit
Magaraggia Law Firm Blog
by admin
1y ago
  With the provision of June 16, 2021, the ItaliaIn nland Revenue set the operating rules for obtaining the 2021 drinking water bonus. Drinking water bonus 2021 in Italy : what it is To rationalize the use of water and reduce the consumption of plastic containers, there is a tax credit of 50% of the expenses incurred between 1 January 2021 and 31 December 2022 for the purchase and installation of systems of filtration, mineralization and cooling and / or addition of food carbon dioxide aimed at improving the quality of water for human consumption supplied by aqueducts. The maximum ..read more
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Example of a preliminary Italian real estate sale contract
Magaraggia Law Firm Blog
by admin
1y ago
Termoli, Italy Here is an example of a preliminary contract for the sale of a house or flat. The seller is obliged to sell the property to him under the conditions stipulated in this contract. Here is an example of a preliminary contract for the sale of an Italian building. The seller is obliged to sell the property to him under the conditions stipulated in this contract. If the buyer has paid a small advance, even one or two thousand euros, in the event of the seller’s refusal to sell the property, the latter will have to return double the advance (“caparra confirmatoria”, it is better to sp ..read more
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