0% COMMISSIONS from BUYER at our agency! LOWEST prices and BIGGEST choice of properties in Scalea (Calabria, Italy)
www.Scalea-Property.info www.Scalea-Property.info
#1 Choice for Buying Property in Scalea (Calabria, Southern ITALY)
 

News

Technical works

15 jun 2017

We are updating our property database. During this time our website might work slow or with errors. We are sorry for inconvenience caused.

More

Summer offer

1 jun 2017

Anyone buying a property with our Agency during the summer, will get Seasonal Ticket to Private Beach 'Lido Mago Di OZ’ * !

More

Assunta Mingrone 100!

17 mar 2017

Assunta Mingrone, grandmother of Maria and Giuseppe Minrgone (directors of our Agency) celebrates her 100s birthday!

More

NY Times recommends Calabria!

17 jan 2017

New York Times recommends Calabria as a place to visit in 2017

More

Festive season 2016-2017

1 dec 2016

Our office in Scalea will be closed from 20.12.16 to 03.01.17. Our on-line service for new clients is open as usual, almost 24/7

More

Buying Property in Italy
Normally buying property in Italy is arranged in two stages:

Stage One

Either directly or with the assistance of an agent (Mediatore/Agente) the foreign buyer will need  to select the property, obtain some basic information and documentation and negotiate general terms of purchase (time and price). The buyer will be asked to sign a reservation agreement and pay a deposit (10% or 6000 Euros which ever is greater) to the agent. Also, at this stage you’ll need to open an Italian Bank Account and obtain Codice Fiscale. When this is completed buyer returns to his home Country.

Property checks and searches

At this stage it will also be necessary to organize a survey, local land registry searches, and all necessary checks with the local authorities (Commune), as far as local planning and building  regulations are concerned. This work is usually undertaken  by a local surveyor (Geometra) and Public Notary (Notaio), which usually organised by Agency. If these searches reveal any problems regarding the sale of the property then the sale cannot be completed and you will get your deposit back in full. Usually these checks and searches take around two weeks to carry out.

Checks carried out by Geometra:
— The property matches the Land Registry definition
— The property was not built without planning permission
— Any work done, have recieved approval and have had the relevant taxes paid
-The
owners as Land Registry Office are same as stated by the vendor

Checks carried out by Notary:
-The vendor is the lagal owner of the property and is Entitled  to sell the house
-There
are no debts or mortgages on the house
-There
are no written liens or burdens
-The
vendor is aware that they must declare any outstanding private agreements regarding the
property, For example is the vendor has agreed to allow a highbour to build or extend within the
minimum laid down by Italian law or has given a friend a right of way across the property

Stage Two

The last stage relates to the completion formalities which normally take place in the offices of a Local Notary. Notaries have a special duty of drafting the Purchase Deed and to ensure the proper execution, registration, and payment of all Italian taxes ancillary to the completion.


The purchaser is liable to pay:

— Translator fees at the Notary — from FREE to around 150 Euros, depends on property
AT OUR AGENCY FREE
— The Geometra’s fees — around 350–550 Euros
AT OUR AGENCY FREE
— Estate Agency fees 3–10% of the market price of the property AT OUR AGENCY FREE
- Help (if needed) in opening Italian Bank account and Obtaining Codice Fiscale — up to 200 Euros AT OUR AGENCY FREE
— Registration Tax. This is levied at 11% (from declared value of the property — see below) for non-residents and 4% for residents. When purchasing land this is 18%; note that this includes Stamp Duty (Bolli) which is levied at 1%

IMPORTANT: Declared Value
Under Italian Law a property has a legal or declared value. The legal value is statutory value placed on the property by the Government. This value is generally considerably less than the actual purchase price (usually 2/3 of the market price) and it is this figure appear on the documents.

The amount of tax and  notary charges a lot less than it appears at first sight and from our experience all charges should not exceed 10% of the purchase price agreed (this excludes budget properties priced below 30k euros where fees can reach up to 15–20% of the property price)
  

COSTS  OF MAINTAINING YOUR PROPERTY (MID-PRICED) WILL BE AROUND 950 EURO PER YEAR 

List of property for sale here 
 

 scalea property real estate calabria italy


Copyright © 2017 www.Scalea-Property.info. All rights reserved.
Powered by OnSite.ru