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 three factors to take into consideration.
Prices are favorable
Some outstanding properties can still be snapped up at very affordable prices. In particular, don’t be afraid to look outside the main tourist haunts. You may be surprised at what a bargain you can get. Moreover, remember that Italian House Hunters can help you at every step of the negotiations with owners and estate agents. This way you can rest assured that you will be getting your Italian dream home at the best possible price for you.
Mortgage interest rates are continuing to fall
Non-Italian residents are allowed to get mortgages to purchase or renovate an Italian property. Loans of up to 60% of property value may be possible. A number of costs are involved – and we can explain them all to you. The good news is that mortgage interest rates in Italy have steadily fallen. So now is a good time to request a mortgage in Italy.
The International Money Fund (IMF) is warning over a housing bubble risk in certain emerging countries, such as China and Brazil, as well as Australia, Canada, Norway and UK. This is due to their overpriced property market and the low interest rates applied by their central banks. This is not the case with Italy, which is considered by the IMF to be a safe country for investments in property.