Buying Property in Italy - A Guide
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Think of Italy, and you think of pizza and pasta, wonderful opera, the Renaissance, Ferraris and Lamborghinis, breathtaking architecture, the lakes, glorious sunshine, friendly, passionate people, the Italian Riviera, fine wine, captivating beach resorts and of course, the great Italian cities of Florence, Rome, Venice, Milan, Turin and so much more besides.
Italy is one of the most popular holiday destinations in Europe with all of the seasons having their own unique attractions. In summer, Italy is an international playground, with visitors from all over the world. Spring comes early while autumn lingers and brings balmy days until late in the year. In winter, the Italian Alps are unsurpassed for spellbinding scenery and first class skiing. In northern Italy you’ll find some of the world’s most renowned winter sports resorts, and skiing is also a summer sport in the Torino Alps and the towering mountains surrounding the Valle d’Aosta.
Most of the year the beaches are sunny, and with 5,310 miles of shoreline surrounding Italy and its islands, you’re sure to find a beach to suit you. And naturally, art, culture and history are always in season in Italy. Any time of the year is perfect to tour dazzling cities and historic buildings and view the world’s greatest art treasures.
Buying property in Italy is straightforward and this will give you some idea how easy it is.
1. Once the reservation contract has been signed on your new property the lawyer will take approximately two to four weeks to carry out checks before you sign the main contract. It isn’t necessary to appoint two lawyers, one here and one in Italy, otherwise you double the legal bill and the Italian lawyer is quite capable of looking after your interests!
2. As a rough guide, the total costs incurred in purchase will be approximately 16% of the purchase price.
3. You need a permit to buy in Italy but which one depends on your personal circumstances, ie whether it is a holiday home or you plan to take up residence, whether you intend to work in Italy or send your children to school there.
4. Buyers and sellers are usually required to attend in person to sign documentation but for the sake of expediency, it’s common to appoint a Power of Attorney. It’s very easy to move money in and out of Italy.
5. Mortgages are available, subject to the usual financial checks, up to about 75% of the purchase price.
6. A good agent should hold your hand through the process so you have little to worry about.
Article Source: http://EzineArticles.com/?expert=Andrew_Faulkner
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