| Buying in Italy | | | | stylish Italian city, a jet-set paradise in Tuscany or |
| Often dubbed the connoisseur's alternative to | | | | an off-plan purchase in Calabria's new market.o |
| Spain or France, Italy's style and sheer diversity | | | | Once you agree a price and confirm the total |
| offer property purchasers on all budgets some | | | | amount due, including all costs, you will be ready |
| exciting investment opportunities. | | | | to sign a Purchase Agreement (Proposta |
| There are plenty of beautiful regions to choose | | | | Irrevocabile d'acquisto) that is irrevocable and |
| from, many of which are not as hyped or as | | | | signed by both the purchaser and the vendor.o |
| costly as classics such as the likes of Tuscany | | | | Next a Preliminary Contract (compromesso) will |
| and the Lakes. Today the far south beckons | | | | be signed and at this stage you will need to pay a |
| shrewd property purchasers who are discovering | | | | 10% deposit to the vendor which goes towards |
| such areas as Calabria, which is tipped for high | | | | the final purchase price. Remember, this amount is |
| annual growth and it stunning natural beauty is | | | | non-refundable if you change your mind about |
| enticing even the most demanding of beach, golf | | | | going through with the purchase. Meanwhile, if the |
| or sun worshippers. | | | | vendor pulls out, he must pay you back double |
| Italy offers investors a readily established EU | | | | the amount. The Preliminary Contract outlines the |
| economy in which to operate, meaning a quality | | | | property's specifications, all terms and conditions |
| infrastructure and a stable political environment. | | | | of the sale, including price, completion date and |
| With new low cost international flights arriving into | | | | any vendor guarantees to be included.o Another |
| otherwise isolated areas of Italy, mini emerging | | | | deposit is then payable for one third of the |
| markets are to be found in these regions. New | | | | purchase price, known as the Caparra.o The final |
| flights bring with them an influx of tourists, all | | | | stage of the buying process is the presentation of |
| seeking a piece of glorious Italian lifestyle and | | | | the relevant documents that have been prepared |
| beauty just 2 ¼ hours flight from home. | | | | by the Notary and signature of the Sale Contact |
| For this reason, today's buyers are loving Calabria | | | | Recogito) by both the purchaser and the vendor. |
| and, with the very recent introduction of direct | | | | Additional costs: You would be well advised to |
| flights from the UK to local airports at Reggio de | | | | build into you budget at least 10% of the |
| Calabria and Kamezia, the area expects to see | | | | purchase price to cover all professional fees, plus |
| property prices increase almost overnight in new | | | | another 10% for property VAT and 5% for utility |
| resorts such as beachfront Jewel of the Sea. | | | | connections. In addition, normal running costs such |
| Visitors looking for value for money and that | | | | as council tax (Imposta Comunale Sugli Immobili) |
| perfect long weekend break away from Northern | | | | will be due as well as community fees if you have |
| Europe in the warm Italian sun will find all they | | | | bought on a development. |
| need here: breathtaking sights, perfect stretches | | | | All in all, Italy offers style, fashion, food and some |
| of sandy beach and plenty of rural Italian charm, | | | | of the most spectacular cities of Europe. This |
| while investors are excited by the fantastic rental | | | | factor, combined with a great climate, |
| potential and growth rates properties in this area | | | | breathtaking scenery and a strong, well supported |
| are now offering. | | | | property market, makes for an ideal investment, |
| The Italian Buying Process | | | | holiday or lifestyle choice. The mini emerging |
| This is a very straightforward procedure. The fun | | | | market in Calabria offers very exciting |
| part is scouring this beautiful country for the right | | | | opportunities and is well worth a closer look for a |
| opportunity, while IPIN will gladly help you select | | | | wise investment into the idyllic charms of rural |
| the best opportunity in your chosen market, | | | | Italy. |
| whether that is an up market apartment in a | | | | |