Real Estate in Florence Italy
Things to consider before looking for real estate in Florence Italy:
Real estate in Florence Italy: Where are the bargains?
Regardless of negative global trends property in Italy, and especially Tuscany, has barely raised an eyebrow. If you thought of finding bargains in Florence you may have to think again.
However it's not all bad news, if you know where to look there are still bargains to be found in real estate in Florence Italy.
Consider these scenic medieval towns in the Maremma area: Pian di Rocca, Abbadia San Salvatore, Castel del Piano, Scarlino, Gavorrano ,Montemassi, Manciano, Sovana, Saturnia spa resort and Populonia. Follonica is a beach resort with clean seas and coastal pine trees providing shade for the sun worshipers.
Activities in the Maremma area include water sports, winter skiing at Mount Amiata, golf, hiking, horse riding, mountain biking tennis etc.
Other regions to consider are Abruzzo, Puglia and Molise; they are known to have as much charm and beauty as you would find in Tuscany but without that "already discovered" feel.
Buying real estate in Florence Italy: The legalities
It's good to note that there is no Capital Gains Tax in Italy so you get to keep the whole profit from the sale of your real estate in Florence Italy.
The steps in purchasing:
1) Making the "intention to buy" signals just that, and the property you wish to purchase is then removed from the market whereupon a deposit must be placed on the property. The percentage/size of the deposit depends upon the prior request of the seller. (A good estate agent will make these details/amounts clear before you step out the office to view the property.)
3) A lawyer and surveyor need to ensure that the paperwork and plans are in order and in concordance with the existing structure. They also need to ensure the seller is the sole owner of the building and that there are no outstanding mortgage repayments on the property (something that is strange to buyers from English speaking countries as the mortgage is attached to the individual/s and not the property). Further investigations may also be made into planning permission for further developments.
4) If all is OK (once the buyer is satisfied with the conclusions of the lawyer and/or surveyor) a preliminary sales contract is drawn up. A larger installment must now be paid, usually between 10-30% of the property value. Again, do enquire as to these amounts before beginning step 1).
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