Still doubting whether or not to buy a house in Italy? It’s understandable as it’s a big decision to make. However, here are 10 reasons to buy your property today.
1. Falling property prices
House prices in Italy peaked around 2008. Since then, they have steadily fallen to around 25% of their value a decade ago. Prices vary between regions, but in general, now is the ideal time to take advantage of low property prices in Italy before the market picks up.
2. Great choice available
Outstanding properties continue to come onto the market, as Italians realize that holding on to family properties while rarely using them makes no financial sense. Moreover, because it’s a buyer’s market, many homeowners are open to negotiations that could be very beneficial for you.
3. It’s not as expensive as you might think
You’ll be surprised at how much you’ll get for your budget. Do you know what the most frequent phrase is that we hear from our clients when we show them some properties? “All THAT is available at THAT price?”
4. No capital gains tax
After five years of ownership, there’s no capital gains tax on a property. In practice, this means that if you keep your property for five years, you could see its resale value increase by 20%.
5. No gazumping
In Italy you won’t get an unpleasant surprise by someone out-bidding you. The purchase contract is binding from the outset for both parties.
6. Good return on investment
Despite the recession in Italy, buying real estate makes sound financial sense, guaranteeing a good return on investment in the medium to long term.
7. Properties are easy to rent
The reasons that attracted you to Italy in the first place – its beauty, climate, history, culture, food, people etc. – are the reasons why your property will be easy to rent, whatever the season. Renting your home provides an extra income, reduces your investment risk, and can be a fun small business to run!
8. Italy is easily accessible
With over 30 international airports, flying into Italy presents no problem. To get closer to your destination, let the train take the strain. The country may have a slow pace of life, but that doesn’t extend to its Alta Velocità trains, which flash by at up to 360 km/hour. If you’re travelling by car, Italy has an excellent autostrade network. All this means that it will be quick and easy for you to visit your new property in Italy – probably more frequently than you imagined.
9. It’s an excellent place to retire to
In Italy you can enjoy a favourable climate, high-quality healthcare, affordable living, friendly people, excellent food and drink, outstanding culture … And as we noted above, it’s easily accessible. So once your grandchildren discover how easy it is to visit you, they’ll be coming over to see “Nonna e Nonno” regularly.
10. Because if you don’t do it now, you might never do it!
Carpe diem! How many people have a dream … that stays a dream? Don’t end up wondering what could have been. Take that first step to converting your dream into reality. Contact us. Now.