Buying real estate in Italy FAQs

Basics on how to buy a house in Italy

On this page, we regularly publish answers to questions relating to buying a house in Italy or Italian real estate law. This will provide you with brief and concise information helping you to learn the basics on how to buy real estate in Italy. This page is not intended or able to replace individual legal advice on Italian real estate law. Even if a lawyer is not generally required for the purchase of real estate in Italy, it is strongly recommended that you seek expert legal advice. Italian real estate law has its pitfalls and you need to be aware of them. Do not hesitate to contact us for a quote. We will be pleased to explain the advantages of hiring a lawyer for Italian real estate law in a non-binding telephone call.

How do I find a property for sale in Italy?

There are several ways to find a house for sale in Italy. Here are some common methods:

1. Real estate portals: use online real estate portals that specialize in the Italian market. There you can search for houses in different regions and cities and filter your search according to your specific requirements.
2. Real estate agent: when buying a house in Italy, hire a real estate agent who specializes in the Italian real estate market. A real estate agent may help you find suitable properties that meet your needs and budget. They have access to a wider range of listings and can assist you throughout the buying process.
3. Local advertisements: consult local newspapers, advertising journals or bulletin boards. Houses are often offered for sale directly by the owners.
4. Network and recommendations: talk to locals, expats or other people who have already bought a property in Italy. They can provide valuable recommendations and information on available properties.
5. On-site visits: if you are already in Italy or planning to travel there, explore the regions where you would like to buy a house. Properties for sale are often displayed with signs or posters.

It is important that you clearly define your requirements and set your budget when looking for a house in Italy. In addition, it is advisable to use the services of a professional real estate expert to ensure that the buying process is smooth and compliant with the law.

Which documents do I need for buying a property in Italy?

1. Identification documents: you will need a copy of your passport or identity card to prove your identity.
2. Residence permit: if you are not an EU citizen, you may need to present a valid residence permit or visa to buy a property in Italy.
3. Tax number (codice fiscale): the codice fiscale is a unique tax number required by every buyer in Italy. You must apply for a codice fiscale before you can conclude the purchase contract. Find out more about the codice fiscale.

Which costs are incurred when buying real estate in Italy?

In addition to the purchase price, there are other costs when buying a property in Italy, such as notary fees, land transfer tax, estate agent commissions and possibly renovation or conversion costs. It is important to set a realistic budget and take all cost factors into account in advance.

Do I have to meet specific requirements when buying a house in Italy as a foreigner?

There are no fundamental restrictions for foreigners who wish to buy a property in Italy. Non-EU citizens can usually buy property in Italy without restrictions as long as there are no specific restrictions for certain regions or property types. EU citizens enjoy the free movement of capital under EU directives and can therefore normally buy property in Italy without restrictions.

Do I need a lawyer when buying a property in Italy?

In principle, you do not need a lawyer when buying a house in Italy. Nevertheless, it is important to note that real estate and ownership structures in Italy can be complex. This is particularly the case when it comes to rural or historic properties. It is therefore advisable to consult a professional who is familiar with the local laws and procedures to ensure a smooth purchase process.

What is the general development of the real estate market in Italy?

The general development of the real estate market in Italy varies depending on the region and timing. It is advisable to carry out thorough research before buying a house in Italy and to consult local experts such as real estate agents or consultants. This is the only way a prospective buyer can obtain accurate and up-to-date information regarding the region. Only after this has been done a decision about a possible real estate purchase in Italy should be made. Here is some information giving buyers an initial overview of the market:

1. Prices: In recent years, there has been an increase in real estate prices in some urban areas in Italy, particularly in large cities such as Rome, Milan and Florence. This is due to increasing demand, particularly from foreign investors. In some rural areas or less sought-after regions, however, prices have remained stable or even fallen.
2. Urban vs. rural areas: The real estate market in urban areas of Italy is usually more active and competitive than in rural areas. Real estate prices in popular cities are often higher, while lower prices can be found in remote rural areas, especially in southern Italy.
3. Tourism: Italy is a popular tourist destination and tourism plays an important role in the real estate market. In some tourist areas, especially in coastal regions or historic towns, prices can be higher due to the demand for vacation apartments or vacation houses.
4. Regional disparities: The real estate market in Italy is strongly characterized by regional differences. Prices, demand and offer can vary greatly depending on the region. It is important to research the local market conditions in the areas where you want to buy a property.
5. Investment potential: Although there are regional differences, the Italian real estate market still offers potential for investors. With the right research and advice, investors can find properties that offer attractive value for money. Buying a house in Italy can often be economically worthwhile.

What is the cadastral value in Italy?

The cadastral value, also known as “valore catastale”, is a fixed value that is used to calculate various taxes and duties relating to real estate. It is determined by the cadastral office (Ufficio del catasto) for each individual property in Italy. The cadastral value is based on various factors such as the location, size, type and use of the property. Properties in Italy are divided into so-called cadastral categories, which are the basis for calculating the cadastral value. The cadastral value is used for various purposes, including the calculation of property tax (Imposta Municipale Propria – IMU), real estate tax (Imposta sul Reddito delle Persone Fisiche – IRPF) and other local taxes. It can also play a role in transactions such as the sale or inheritance of a property. It is important to note that the cadastral value does not necessarily correspond to the current market value of a property. The market value may be higher or lower than the cadastral value, especially in areas with a strong real estate market.

Where can I apply for the allocation of a codice fiscale?

If you would like to apply for a codice fiscale, you can do so in Italy. For the application, you will need your personal documents such as a passport or identity card. It is advisable to find out about the specific requirements in advance, as these can vary. There are several ways to apply for a codice fiscale:

1. In person at an office of the Agenzia delle Entrate: you may visit an Agenzia delle Entrate office in Italy and submit the application in person. There you will receive an application form which you need to fill in.
2. Online on the Agenzia delle Entrate website: the Agenzia delle Entrate also offers the option of applying for the codice fiscale online. Go to the Agenzia delle Entrate website and search for the online application procedure for the codice fiscale. There you will be asked to enter your personal information and upload documents if necessary.
3. Through an intermediary: there are also service providers who can help you apply for the codice fiscale. These service providers usually charge a fee for their services.
4. Through the Italian diplomatic mission: a codice fiscale can be applied for at any Italian diplomatic mission abroad. Please note that experience has shown that it takes a long time to obtain a codice fiscale from a foreign representation.

Do you still have questions about Italian real estate law? We are pleased to offer you legal advice in English from an Italian lawyer when buying real estate in Italy. We look forward to providing you with a non-binding offer for our services. Please send us your inquiry using our contact form, providing as much information about the property as possible.