How to sell a property in Italy, via an Estate Agent, an agent who specializes in overseas property, or if selling a property by owner.
To sell a house, apartment, villa or any type of property in Italy, you'll need to follow some simple steps.
You have the option of selling by owner in Italy, or using an estate agent in Italy to assist in the selling process. There is no option though when it comes to the leagl side of the sale. Use a real estate lawyer or notary that specializes in Italian real estate transactions.
To sell an Italian property, you'll need to gather documents, determine the sale price, and pay taxes.
The notary will request several documents, including the title deed, cadastral document, floor plan, building permits, and energy certificate. You can often get these documents from your accountant, the Land Registry, or the Chamber of Commerce.
Consider the property's condition, the local market, and any redevelopment projects in the area.
Italy has a Capital Gains Tax (Imposta sulle Plusvalenze) of 22% for individuals and 27.5% for companies. There are exemptions for primary residences and properties held for specific periods.
There are several fees to pay when selling a property in Italy, including: Notary fee: 1-2.5% of the sale price, paid by the buyer, Legal fees: 1-2% plus 22% VAT, paid by the buyer, Real estate agent's fee: 1.5-4% plus 22% VAT, paid by the buyer and seller.
You can also consider using a real estate agency to help with the sale. The average commission is 3%, but it can range from 2-5%.
You can work with a team of attorneys, accountants, and real estate agents during the sale or a mix of those professions depending on how you wish to sell your property.
Note this information is purely a guide, and if selling or renting in Italy, we advise you to seek professional help as relates to your specific needs.
Find out how to list a property in Italy for sale here.
Italy offers a rare mixture of luxury properties, amazing lifestyle, great investment potential, and superb tax incentives, particularly for those with global or international outlooks.
Locations such as Tuscany, Puglia, Costa Smeralda or Lake Como are world class destinations offering an array of luxury real estate investments and personal use properties that can be purchased through real estate agents or direct from owners using the for sale by owner route.
Sicily and Liguria offer more cheaper or affordable coastal luxury properties that can offer strong rental yields, while Milan and Rome remain firm favorites for both personal use buyers as well as investors.
