Posts

The Italian Rent to Buy scheme

Reading Time: 6 minutes

rent to buyIntroduction of the Italian Rent to Buy scheme

In September 2014, the Italian parliament introduced measures to revitalise the property real estate sector. These measures include a rent to buy scheme as part of the Sblocca Italia – Unlock Italy – decree (Article 23 of Legislative Decree 133/2014).

With access to credit in Italy continuing to be tight, the rent to buy scheme has two main aims:

  1. to help people purchase a property and
  2. to support builders and developers sell unsold stock of property.

Read more

Self-build projects in Italy. Living on-site. What’s the law?

Reading Time: 3 minutes

Self-build projectsIn pursuit of their Italian dream home, some people decide to build a house on land they have purchased. If you are thinking of self-build projects in Italy, we would always advise you to seek independent legal advice before signing any paperwork to do with land-purchase.

Even, if on paper, the land you are contemplating buying has outline planning permission, actually getting a building project off the ground in Italy can be extremely complex. You will need to navigate a maze of red tape; zoning and planning laws, environmental restrictions, building permits and regulations – to list but a few. Read more

Are you resident or domiciled in Italy?

Reading Time: 5 minutes

In today’s post, in response to a number of questions we have had at De Tullio Law Firm regarding this topic, I explore the legal and tax implications of Italian residency and domicile as they pertain to EU and non-EU nationals.

This is a very complex area and because every individual’s case is different. I would strongly recommend that you seek advice and guidance from your lawyer and accountant.resident or domiciled in Italy

For EU nationals, a visa is not required to enter or to work in Italy. A valid identity document issued by the relevant authorities in an individual’s country of citizenship is sufficient to allow entry to live and work in Italy. Read more

property auctions IN ITALY

Reading Time: 5 minutes

property auctions IN ITALYProperty Auctions in Italy…

… a few facts and tips.

An unfinished hotel and empty swimming pool sit sadly on the lush hillside of Pitigliano in Tuscany, where they should have welcomed the holidaymakers who flock to central Italy. The Tosteto spa was seized in 2010, according to a local court order. Since then, six auctions have failed to attract a buyer for the Tosteto spa, partly because the original developer still holds rights to the land.

For a seventh auction this month, the valuation for the Tosteto spa has been cut to 4.6 million euros from 8.9 million euros at its first auction. There is already an eighth auction scheduled for October, suggesting the sellers are not hopeful. Read more

What you absolutely must understand before you buy a property in Italy!

Reading Time: 4 minutes

What you absolutely must understand before you buy a property in Italy!

before you buy a property in Italy

When you visit a country for a holiday the cultural differences are charming and exciting and ultimately do not affect your life. This changes dramatically when you move to, or invest financially, in that country.

You may have already bought a property in your own country. Maybe you are English and the estate agent passed all relevant information to your lawyer to process the purchase, maybe you are American and your independent buying agent was fully qualified to deal with the process and very aware of the ease with which litigation takes place in the USA. In both cases, the most risk free and secure method for you, as a buyer has become the assumed and probably the only way in which you can purchase that property. We take for granted that our interests are so well protected that it is very difficult to unknowingly make a mistake. Read more

Defects and non-compliances in Italian property purchases

Reading Time: 3 minutes

Defects and non-compliancesItalian property purchases – What’s the legal position when it comes to defects and non-compliances?

During our legal careers, my father and I have dealt with all sorts of seemingly improbable scenarios. The couple from Scotland who discovered they had bought a property that didn’t actually legally belong to the vendor. The German family, who arrived in Tuscany for their first holiday at their recently purchased dream property to find the previous owner’s brother and family in residence. It transpired that the brother was a co-owner of the property, who had no idea the property had been ‘sold’. Read more

Selling properties in Italy? What you should know.

Reading Time: 3 minutes

20Selling properties in Italy can often be a difficult and lengthy process, so it is important to make things easier for yourself by preparing and understanding what’s involved. The first stage is to put the property on the market, either as a private sale or though an estate agency.

If you are considering appointing an Italian real estate agent, it is important to ensure that the agent is qualified and registered with the local Chamber of Commerce in full compliance with Italian law. Read more

Power of Attorney

Reading Time: 3 minutes

ImmagineAs a solicitor, I am often engaged to act on behalf of my clients in very important legal matters. My clients trust me, my knowledge and experience to handle their affairs by giving me a Power of Attorney. You may have heard of a Power of Attorney, but do you know exactly what its purpose is or when it is used?

In order to shed a little light on the subject, here are a few basic facts about a Power of Attorney together with the legal ramifications as they pertain to purchasing and/or inheriting real estate property in Italy Read more

Italian conveyancing process: the lawyer’s role

Reading Time: 3 minutes

This post is intended as a general guide. For more comprehensive information on Italian conveyancing process, you might like to read our Property Buying Guide. If you are in doubt about any specific issue, please contact me or consult your lawyer.37

Conveyancing is the legal transfer of property ownership from vendor to buyer. It starts when your formal offer – Proposta in italian, on a property is accepted and finishes once you have signed the deed of sale, Atto di Vendita, at completion. Read more

Hidden Defects in an Italian Property

Reading Time: 3 minutes

Hidden Defects in an Italian Property… Buyers Beware!

Where exactly do you stand if you discover major hidden defects with your Italian property following completion? You move into your dream Italian home only to find that the condition of the property is significantly worse than anticipated.

hidden defects

This is exactly the nightmare scenario the Wright family in Lazio found themselves in. The day after moving in, the family discovered serious water penetration into several rooms in the house, notably the kitchen and living room.

Following their discovery, the Wrights raised the matter with the previous owners, who denied there was a serious problem; the particulars of the property had provided no information on its condition, and the Public Notary also considered that given the Wrights had signed a legally binding Proposta d’Acquisto declaring that they were purchasing the property ‘in condition as seen’, then there was nothing he could do. Read more