12 Truths About the Italian Housing Market Laid Bare

  • These properties are normally located in remote areas.
  • They will usually need to be renovated considerably and this must be completed by a certain date.
  • Resale value may not increase much despite the investment in bringing the property up to standard.
  • The Town Hall has a list of terms and conditions that potential buyers must agree to — these should be checked and read carefully.
  • Due to their location employment opportunities may be non-existent.
  • Internet connection could be an issue, though satellite options may be viable.
  • Medical facilities may not be in easy reach of the town’s location.
  • Purchasing one of these properties as a Non-EU citizen, does not give you any special immigration or residency status, in any way, shape, or form.
  • Before buying one of these properties, it is highly advisable to come on a look / see trip and to engage the services of local experts such as a notary, accountant, and surveyor to avoid any unpleasant surprises down the line.

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Damien O'Farrell

Damien O'Farrell

Global Mobility Specialist and Expat Coach with thirty plus years’ experience in Global Mobility.