BUYING A PROPERTY IN ITALY AS A FOREIGNER - Purchase Process & Common Questions

[@Romolini_christies]

Please contact us at [e-mail] for any questions or further information.

[@theSergeantGonzalez]

Well... And the videos are over...? I want you to know that it is a very good therapy to have you, so do not abandon us, a cordial greeting from Miami.

[@ninarosaphotography2039]

Very good explanation. But would like to know about all the coast: Agents , lawyer , taxes, how many taxes?? And if any others cost may be include. Please . Thank you so much.

[@MAstanco]

I purchased my property in Bagheria five years ago and went through exactly what you said in this video. No lawyer or mortgage but everything else was the same. Thank you!!!

[@pavlinabeleva6952]

Where is Bagheria , do you mean Bulgaria ?

[@MAstanco]

@@pavlinabeleva6952 Bagheria is a city a few miles east of Palermo, Sicily.

[@quasitaliano]

I've been to Bagheria. Do you like it living there?

[@MAstanco]

I only vacation there twice a year for 3 weeks at a time. My goal is to move there next year. I love it in Bagheria@@quasitaliano

[@jillianortiz4018]

@@MAstancodid you have to get a power of attorney who spoke Italian and English or just a notary ?

[@greenshp]

It was a great idea to do this video, Danilo. You answered a lot of technical questions that people would have. Well done. I also liked the camerawork. ;)

[@Romolini_christies]

Thank you!

[@1mezion]

Supremely informative video I've seen many videos of others and none of them explained this process with such clarity and detail. Small side note I've never really understood or been a fan of looking and speaking at one camera while another camera flims you from a different direction.

[@spencersmith2798]

Well done, Danilo…a succinct explanation about the steps and parties involved in buying Italian property. It is the best brief video on the topic I’ve seen…Merry Christmas! Buon Natale!

[@Romolini_christies]

Thank you!

[@KenG557]

That's a wicked cool chair, Danilo. Merry Christmas! I wish you would start a channel showing videos of your daily life in Italy.

[@Romolini_christies]

Thank you!

[@maureenmcshane5988]

Wicked cool chair? Are you from Boston?😊

[@dariushbayat6617]

Come sempre grande Danilo💪💪💪💪

[@Romolini_christies]

Grazie Dariush!

[@willowbend1700]

Very interesting and well done - thank you! Wishing you and your family all the best for a healthy and happy Christmas and 2024 🤗

[@Romolini_christies]

Thank you!

[@theSergeantGonzalez]

Well... And the videos are over...? I want you to know that it is a very good therapy to have you, so do not abandon us, a cordial greeting from Miami.

[@triplet3023]

Thank you for this Danilo. It was interesting and informative. As usual, you provided an easy explanation of the purchasing process in Italy. Buon Natali Danilo and to your wonderful team. Ciao

[@Romolini_christies]

Thank you Gretel!

[@soniamiguelmenoyo6114]

Buon Natale and a happy 2023. All the best for you and Romolini Firm.

[@Romolini_christies]

Grazie Sonia!

[@mariorossi704]

Buon Natale Danilo!.. Un bacio e un abbraccio caloroso da parte tua, sarebbe una clausola di fine contratto che farebbe concludere molte più vendite!.. a parte gli scherzi.. un abbraccio da parte mia e dei tuoi ammiratori!. 😍🥰❤

[@Romolini_christies]

Grazie!

[@davidlagares9621]

Thank you for your insightful and well executed vlog in English. As always, you are impeccable in your explanations. 👏🙏🏼👍🏼

[@Romolini_christies]

Thank you:)

[@artmichel5572]

Thank you Danilo and well done. I'm sorry to say that although my wife and I love all of your property presentations, they are quite large for our desires. But, you present professionally, articulating important and pertinent information. Again, many thanks to you and this presentation specifically. I hope to be in Italy in the coming weeks.

[@tigergreg8]

Very well explained. It's probably an easier process because the Real Estate Company takes care of a lot of the headaches for foreign buyers.

[@Romolini_christies]

Thank you:)

[@rjnsn5121]

Great video! Please explain what properties would qualify to be a legal resident in Italy, I am a retired American. Are immigration laws different in different zones of Italy? Thanks

[@tonymediati8274]

I will definitely contact within the next year or so,I'm really looking forward to retire in Reggio Calabria,both my parents were born and raised in RC then moved to Canada,have not done much research yet on the visa but from what I understand if your parents or grandparents were born in Italy it's a lot easier to get your visa for PR,I hope,looking forward to chatting with you ✌️&❤ from Canada.

[@tigergreg8]

@@tonymediati8274 If you want him to see your comment, you may want to direct your comment directly to him. I hope it all works out for you. Sounds like something to really look forward too.

[@krimpie7896]

Thanks. That answers almost all my questions.

[@Romolini_christies]

Thank you

[@phillipleboa5251]

Thank you . Merry Xmas and God Bless !!! All the best for 2023 !! XOXOXOXOX

[@Romolini_christies]

Grazie!

[@DSDoMore]

Thank you for the breakdown of the processes, I didn't even think about some of the steps.

[@Romolini_christies]

Our pleasure!

[@dominiquewestbrook5603]

Super useful Danilo, we aim to fulfil our dream in Italy in 2023 - Buon Natale to you and your family

[@Romolini_christies]

Thank you!

[@jainegutierrez5248]

Thank you for your great home buying information. grazie

[@Romolini_christies]

Grazie!

[@emmag6954]

Oh this is a different type of video. Very interesting!

[@Romolini_christies]

Thanks Emma!

[@lilide2729]

Thank you, I will save this video, I really want vacation home in Italy, I am not sure what part of Italy, I love them all ❤❤😂

[@theSergeantGonzalez]

Merry Christmas and have a beautiful and Happy New Year...!

[@Romolini_christies]

Thank you!

[@e.hillmann4126]

Excellent, very informative. Thank you very much.

[@Romolini_christies]

Thank you!

[@verahansen3281]

Thank you for the great information :) Merry Christmas to you and your family 🌲😊

[@Romolini_christies]

Thanks Vera!

[@Fred__]

Auguri di Buon Natale Danilo and Romolini team. Merry Christmas!

[@Romolini_christies]

Thank you!

[@margaretbeair4686]

Merry Christmas to Danilo and Romolini team! God Bless and Happy New Year! love the videos.🌲❤

[@giando5564]

Very helpful, Mr Romolini, with you everything seems easy (and soooooo cool). BTW, what a relief to see you smiling again. Buon Natale a tutti voi e spero a presto.

[@Romolini_christies]

Thanks! 😃

[@cynthiahudson7528]

Thank you. Great information.

[@Romolini_christies]

Grazie!

[@luisparodi4297]

Con esa presencia Danilo puede vender lo quiera. Alto galán.🤗🤗

[@Romolini_christies]

:)

[@Myhappyplace65]

Danilo. You are awesome Sir. Love your videos. I have purchased a small property In Casarano and the process was so simple. The best part is that I did it remotely 100%. Thank you for all your videos. One day maybe not too far down the road I may be in the price range for one of your amazing homes. Until then. I LIKE and SHARE all your videos. Merry Christmas

[@rjnsn5121]

Any advantages for foreigners to buy in one city versus another, tax advantages of one city vs another, I like urban living and would like to learn about home owners association rules in Italy. Not interested in country living. Thank you 😊

[@LMays-cu2hp]

Thank you for sharing your great videos from Italy. Continued success to you and your team. And Merry Christmas and Happy New Years as well.

[@Romolini_christies]

Thank you!

[@LMays-cu2hp]

@@Romolini_christies You are welcome. Continued success to you.☺☺

[@richardnedbalek1968]

0️⃣🟰The number of realtors OTHER than Danilo I’d happily watch describing a foreign property purchase video for over 10 minutes! 🕑

[@Romolini_christies]

Thank you Richard!

[@LordBurberryGB]

Some very interesting and helpful information on this subject ! Danilo, wishing you and your family and Team a very Merry Christmas and an Happy, Healthy and Prosperous New Year !

[@Romolini_christies]

Thank you Marc!

[@andygrontkowski5447]

Great presentation Danilo!

[@Romolini_christies]

Thank you Andy!

[@andygrontkowski5447]

@@Romolini_christiesBuon Natale to everyone at Romolini Christie's

[@Obeli.sk6]

Thank you. This is very encouraging and informative 🖤

[@Romolini_christies]

Thank you!

[@Meganbroxton4032]

This video was very informative, thank you!! I hope that you and your family have an amazing Christmas and New Year holiday, Danilo!! I shall see you soon. 🌻❤️

[@Romolini_christies]

Thank you!

[@Meganbroxton4032]

@@Romolini_christies You’re welcome!!

[@marialong2950]

Great video! Very informative.

[@eddiepower2742]

Very Informative Danilo Great Information. There is always a lot of Red Tape involved in Boying a Property Regardless Where it is .But I think a Lot of the Information you Gave is Non EU Countries?But nevertheless it was a Very Interesting .Well done Danilo Grazie 🥳 Have a Great Christmas

[@Romolini_christies]

Thank you Eddie!

[@johnnyboyvan]

Happy Holidays, handsome. Thanks for the information. Hohoho Santa 🎅.

[@Romolini_christies]

Thank you!

[@nwfc65]

very interesting information, thanks!

[@Romolini_christies]

Thanks Neil!

[@nwfc65]

@@Romolini_christies the time frames given in the video seem longer that in Canada, where a house can be listed for sale and sold with the closing paperwork processed within a couple of months. Is this because of the value of the properties listed with Romolini's are greater and sometimes with an historical background?

[@TheKaru63]

Thank you, that’s really helpful 😊

[@Romolini_christies]

Thank you!

[@loom1c]

Thank you, Danoli. Very informative 👏

[@Romolini_christies]

Thanks michael

[@PedroTorresFilho]

Thank you!

[@Romolini_christies]

Our pleasure!

[@debralavoie9095]

Very educational!

[@Romolini_christies]

Thank you!

[@mf5531]

Excellent video. I found it very interesting and informative. The purchase process is very similar to USA. Thank you for this video. Wishing you much success in the new year!

[@Romolini_christies]

Thank you!

[@JerseyLou]

Thank you Danilo!!! I have been wondering how difficult the process is and you just answered all my questions, well almost. Fantastic video!!! You mentioned it could take 6 months, why? Is it for inspections? What if you don't need a mortgage and want to buy the property out right. Will it still take that long? Thanks!!!!

[@Romolini_christies]

Hello Lou, Please email us to [e-mail] for further questions, thank you

[@jeanhawken4482]

Very clear information.

[@jeffreyskinner7167]

Buon Natale Danilo and may 2023 be your year to sell many homes . Best regards , Jeffrey Skinner .

[@Romolini_christies]

Thank you Jeffrey!

[@jeffreyskinner7167]

@@Romolini_christies Danilo when you want the best you go to the best !

[@Gstyle-eg9vg]

Grazie mille. L’hai spiegato benissimo.

[@nebkhperura]

Very informative, thanks Danilo

[@Romolini_christies]

Thanks!

[@AddColor2Life]

Thank you! Very informative! I appreciate you sharing this information. I am looking to buy a property in 2025 for vacations and possibly retirement in the future!

[@assetstopurchase8432]

A very good presentation! So you can have only one primary home in Italy? The other property would be taxed at a higher rate? Whatever about the annual property taxes? Do these vary for each municipality? Are the rural and urban taxes different? Are the taxes for homes and rental or income generating properties also different? Are the taxes low if you're generating mostly your own electricity, have your own waste disposal systems, are living outside a major city, like that Peninsula in Sorrento, and are not using any communal services? Are there any subsidies for employing Italians and generating an income in the tourism or agricultural sector, etc.?

[@Romolini_christies]

Please email us to [e-mail] for further questions, thank you

[@tuscanollie1242]

My father is a loan officer here in the US. Very interesting to compare the processes

[@davemcc7713]

How does owning property affect your Schengen Visa status? Will this enable you to get a Resident Visa in EU/Italy so you can stay long enough to enjoy the property?

[@JohnOIdowu-ru4jy]

Great explanation Danilo 👌 👍

[@Romolini_christies]

Thank you:)

[@AbhinavVatsAvVa]

As a tourist Americans can only stay for 3 months Visa free, so to be able to stay 6 months 1 day, does one have to apply for a long term visa at the Italian embassy in the US? Grazie.

[@Millymollymandy121]

Amazing video❤ is it possible to do an example breakdown: Property Value €100.00 and includes fees etc, notary fees tax etc and final costs? Thank you

[@inesdelahoya2045]

Mr. Danilo !!! ❤❤❤

[@Romolini_christies]

:)

[@alroberts193]

thank you for putting this subject up on KZbin. I am sure a lot of your foreign viewers are also interested to know how to go about purchasing real estate in Italy. I have always been curious as to how to go about this transaction. I do have a question, in the U.S. we pay our annual Property Tax assessed by our County Assessors Office where the property is located. Does Italy also have a yearly Property Tax Assessment? Secondly, if there is a Yearly Property Tax, what percent would that be? Thanks

[@Romolini_christies]

Please email us to [e-mail] for further questions. Thank you

[@bSidesTheRoadTaken]

Very informative. Thank you!

[@Romolini_christies]

Thanks Kayla!

[@noemiortiz4043]

Grazie mile !

[@اسعدنعيم-و8م]

buno Natale 👍👍👍👍

[@Romolini_christies]

Grazie!

[@ChiaraMagix]

Such a great video!!

[@mctapt]

I am also quite interested what happens after closing. I need to get this fiscal number / social security number. Would I need to file a tax returns every year or not? Can I open a bank account in Italy and what do banks require. Ultimately, I would need one to pay for utilities and insurance etc. I would probably need to pay property taxes as well. How high are they? Getting a bank account in a foreign country is usually quite painful. Also, if I were to use it as a holiday home, I would need someone that looks after it every once in a while and checks on it. Who would do that?

[@davidbarrett590]

This was really helpful; thank you. You referred to this being for Americans; could I ask though if the procedure is essentially the same for British people? One thing that is relevant if one is British is that we do not have notaries in Britain - the position we abolished about a hundred years ago and the power to prove documents and signatures was vested in normal lawyers.

[@tristanmaclennan2989]

Thank you for all the information, however, you didn't mention who pays the real estate agents commission, the buyer or the seller?

[@joea8650]

Very, very good and helpful content. Thank you!

[@Romolini_christies]

Thank you:)

[@kimzeck9827]

Great information 💐💐💐

[@elenauzhva21]

very usefull,thank you,Miami watching,thinking...

[@Romolini_christies]

Thank you!

[@juliandittrich6336]

Thank you that was very helpful! Do EU citizens need the fiscal code as well?

[@Romolini_christies]

Yes they do

[@marioh5172]

I pretty much enjoyed this short, and to the point informative video. Well done. Immovable assets like real estate are often sold, of course, with the requirements of notarization. You explained it super good. What does it look like in practice when the sale also includes movable goods, such as furniture and other items on the property? Is it rather common to include it in this process or is there something special to know or consider?

[@beverly2729]

Love it!

[@Romolini_christies]

Thank you!

[@shamekabenjamin8010]

Hi Danilo, excellent video. I know I am a year late. But I wish to purchase a home in Sardegna.. with a mortgage. One thing you did not discuss in your video was mortgage rates. Can you tell me what percentage the bank covers? And at what rate? Thank you..

[@donnieptymcio]

great video and highly needed, here are only few vids about this topic on youtube.

[@sophiaemiliamadeleine7314]

Well done, Danilo! But you forgot to mention that if the foreign purchaser wants to sign the contract himself/herself they would need to have an official translator and interpreter, which is much less expensive than hiring a lawyer. Please check my latest video for information on an official translation of a notary deed, if you are thinking about buying a property in Italy. Other than that, Danilo, I really do appreciate your videos showing the most beautiful properties of Italy.

[@اسعدنعيم-و8م]

molto bello vedo ,, grazie per te amico mio 🌺🌺🌺🌺🌺👍👍👍👍

[@Romolini_christies]

Grazie

[@demiscachia3644]

Best wishes king :)

[@Romolini_christies]

Thank you Demis

[@MaryBMD]

Thanks so much!

[@felinoaaron846]

Danilo can you reupload the video without background music per favore

[@dennisoconnor4387]

Thanks Danilo!

[@DMills-un1tl]

QUESTION: I’ve found the home I want ❤ and am in the process of liquidating some of my U.S. holdings in order to purchase it outright. I fear, however, someone purchasing it before I have my hands on the full funds. I would get a mortgage BUT, I understand the banks don’t want to lend on anything under $50k. Is this also your understanding or is there a way to work around this and still purchase the property? I hope you respond. Thank you

[@Romolini_christies]

Hello, Banks in Italy will lend also below 50k Please get in touch with us over [e-mail] if you have additional questions Thank you

[@mitchelk.3682]

I also heard for historically significant buildings the government has first right of refusal. Does that still exist?

[@Romolini_christies]

Yes, it still exists

[@RitaLombardi-q4c]

Thank you

[@a4i.z3n]

Thanks for the informative video, Danilo. So if I declare to the notary that I would like to take the Italian residentship in 18 months and pay 2% tax but later failed to take it, what happens afterwards? Do I have to pay extra 7% in 18 months? Will I be fined?

[@ambricem]

You would have up to 18 months after the purchase date to register as Italian residents. If you declare that you will become resident within 18 months of the purchase, but don't do so, you will be liable to pay the difference in the 2% and 9% tax, plus a penalty of 20% of this amount.

[@WandaNoblesColon]

Excellent! ✨️

[@Romolini_christies]

:)

[@Ivan.Marky88]

My GGF was Italian and through that connection I'd like to request IT citizenship. However, all papers were lost in WWI, WWII and Balkans wars. I don't even have his birth certificate. I'm pretty sure documents were lost in IT during time, as well. I don't know much about my GGF so I can't provide info. Should I keep on going that way, or simply quit and go for another visa type? Thanks! 😊

[@billgowan3840]

Thank you so much for the information! Question, once the property has been purchased what are the annual property taxes?

[@Romolini_christies]

Please email us to [e-mail] for any question, thank you

[@markshaz8691]

Thanks Danilo.

[@ardaisldar6758]

Is there a way to negotiate on the down payment? I understand that the 20% is the industry standard, but what if you prefer to pay a high quantity?

[@Romolini_christies]

Yes, terms of the contract are flexible. However it depends on the price of the property

[@a72.12]

Bada Bing Bada Boom 💥

[@Karla-Flr]

Do you have also properties for rent ?

[@Romolini_christies]

Yes we do, Please contact us to [e-mail]

[@CrimsonLadyVT]

Is this applicable for Philippines citizen too? 🤔 also very informative video! Thank you!

[@Romolini_christies]

Yes it is!

[@oliverfernandez3879]

Great great video. Thank you

[@Вонтуда-о2м]

Good conversation

[@Romolini_christies]

Thank you!

[@LorenzJB]

Buongiorno, chi paga le commissioni dell'agenzia immobiliare ? Il Venditore ? E quanto ? %

[@Romolini_christies]

Buongiorno, Gentilmente ci scriva ad [e-mail] per ulteriori domande. Grazie

[@jackiesherman2939]

I love your presentations!! and have been watching them for a long time now xo... but the background music in this one, although lovely, is quite loud and does make it a little hard to hear you over the music, which is a shame..

[@danyk8398]

Is the procedure same for every foreigner? Is there any nationality that a property purchase is not allowed or not possible in Italy?

[@Romolini_christies]

Yes some nationalities have reciprocity issues. Please email us to [e-mail] for additional information. Thank you

[@AmeyBrunel]

Good evening Is there a minimum property price to be able to get a mortgage as a foreigner? I saw some that interested me going around 30.000€ and 45.000€.

[@maureenmcshane5988]

Very informative, thank you for this tutorial. I have a question: if I go through all of these steps, and the mortgage company comes back and states the house is not worth the amount of money asked, do I lose my deposit money?