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ITALIAN REAL ESTATE 2014 – Exciting news for investors!

Mar 4th, 2014 | By | Category: Featured Articles
Exciting news for anyone due to complete the purchase of an Italian property in the near future or thinking of investing in the Italian property market this year.  If you are thinking of buying a property in Italy in 2014, due to a restructure in land registry charges, house prices will decrease!   Italy is one of the only countries in Europe that can boast lower rather than higher charges, where the majority of countries are increasing theirs.
Should you purchase from a private individual as a first or main home, there will be a saving of Euro 1260 in every Euro 100,000 – again another 1% decrease.  Therefore if your Italian property is 300,000, would be buyers would save Euro 3780 on a first home and Euro 2700 as a second home.  Not only that, it is also the time when property prices are still at their lowest but will start to show signs of rising in the more popular areas.  Now is the perfect time to buy a property in Italy.  This fantastic news comes as a great and unexpected surprise when in these times you are paying more.
Also, luxury Italian real estate is showing signs of increasing – another very positive factor when you are considering buying your property in Italy is the absence of inheritance tax – as long as you leave the property to a close relation.   Finally, if you do not sell the property for 5 years, there is no capital gains tax payable.

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So, it really does make sense to invest in that beautiful Italian home you have always dreamed about – now it can become a reality at great affordable prices and even better, slashed taxes !  Living in Italy Property Group have a large and varied selection of beautiful properties in Tuscany, Umbria and Liguria, just waiting……..

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