According to real estate experts, Italy remains one of the best places to invest in the real estate market. Unlike the U.S. and other parts of Western Europe, the Italian property market has not been grounded by excessive credit. The friendly changes in taxation also make it convenient to buy property. Are you interested in the Italian real estate market? Here are 3 quality tips you can use before getting started.
# 1 There's More to Italy than Tuscany
When talk of buying a house in Italy crops up, most people think Tuscany. If you must know, Tuscany is popular. But it is also expensive. There are other cool places to invest your money besides this millionaire playground.
There are areas like Sicily, Calabria and even Abruzzo. These are areas of scenic beauty and wonderful people and attractive beaches. The properties here are only a fraction of what you would pay in Tuscany. You can do a little exploring first to discover for yourself what Italy has on offer. You will end up saving gobs of money if you look beyond the overpriced areas. There is more to real estate in Italy than Tuscany.
# 2 Locate an Experienced Realtor
This is not your territory. So play smart and get someone who knows the territory. Most competent realtors in your country should be able to point you in the right direction. However, if you choose to do things yourself, keep a keen eye open for realtors who are genuine and hold professional licences. They should belong to the Federation of Professional Estate Agents (FIAIP) or Italian Association of Estate Agents (AICI)
# 3 Use a Lawyer of Bilingual Ability
Since you are like a fish out of บ้าน มือสอง water, you will require the services of a competent lawyer with expert knowledge about the Italian real estate market. Do not cheapen yourself by wanting to handle the legal processing all by yourself, you might regret it. You need to be well aware of what you are committing yourself into and a bilingual lawyer would fit the bill nicely.
When it comes to important background check-ups, you might also want to leave it to your lawyer to handle. Was the property completed without hassles from relevant agencies? Is there a campaign to build a brand new highway in the nearest future? Are there any mortgage payments to worry about? Are there any 3rd -party claims on the property?
Make sure you tick all these boxes. Ensure that you buy your property in Italy with a peace of mind, you do not want to put up with unexpected surprises after you have parted with your money.
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