Most expats can buy real estate in Italy with no restrictions. If you are an EU citizen or a citizen of a country with which Italy has a bilateral agreement, you are free to purchase a property.

First of all, you'll need an Italian tax code (Codice Fiscale), which can be obtained from the Italian tax authorities or with a power of attorney given to an Italian lawyer.

It's also advisable to open an Italian bank account for smooth transactions.

Of course foreigners need a valid passport.

And often a mortgage loan pre-approval from an Italian bank is needed to sign the preliminare (initial deed) and purchase the property.

No you do not need an Italian bank account to buy a property in Italy, however it is advisable as some Notary may ask for the money to be sent via an Italian bank. Also it is helpful to set one up for payment of utilities and other local expenditure. In order to open a bank account you need an Italian tax code (Codice fiscale)

The system in Italy is set up that both the buyers and the seller pays a fee to the selling agent. Sicily House partners with most selling agents and acts a an introducer and therefore costs you no extra in fees. However by using our services you save time by not having to contact multiple agencies as we set up all the viewings and also preview ahead of your viewings to make sure you only see properties that are suitable and also you gain our advice and expertise.

Expect to pay for property transfer taxes, notary fees, legal costs, and agent fees. Typical purchase costs include the purchase price, mandatory notary fees, taxes on the purchase price, translation/legal fees, inspections, 4% agent commissions, banking fees and land registry fee. These can add up to 10-20% of the purchase price. Annual property taxes also apply. There are ongoing costs like property taxes (IMU), utility bills, garbage fee (TARI), and maintenance. Capital gains tax applies to investment property sales.

Registration tax

2% (main residency) - 7% (vacation home) of the purchase price

Mortgage tax

2-4% of the loan amount

Cadastral tax

1% of the cadastral value of the property

Notary fees

1-2% of the purchase price

Legal fees

1-2% of the purchase price

Land registry fees

€200

*The actual costs may vary based on the location, size, and type of property being purchased, as well as other factors such as the complexity of the legal work involved.