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Italy & Sicily Buying Guide |
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It is hard to beat Italy, and if you travel to our properties in Calabria , you will find first-class food, wine and culture. With prices at present equivalent to that of non EU countries – now is the time to buy properties in Calabria!
Jewel of the Sea, villas for sale in Calabria, is currently the fastest selling development in Europe. Clients are realising now they can buy properties in Calabria in a market that is both safe and rising. No longer does an investor have to travel to Eastern Europe, Morocco or Turkey, to buy good property like the properties in Calabria. If someone wants to buy a property, they have promising market prices in Calalbria, Italy, that they already have a love and familiarity for.
Early investors in properties in Calabria will invariably see higher returns. Both residents and non-residents alike are able to buy in Italy.
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Whatever your reason for purchasing villas for sale in Calabria, Brighthouse Overseas will ensure you receive total satisfaction from your properties in Calabria.
Can I afford villas for sale in Calabria or any other region of Italy?
Decide your budget before you start looking - not forgetting to add 10-12% of the purchase price for the fees and taxes. Interest rates in Italy and properties in Calabria are significantly lower than in the UK and other parts of the world, therefore your money could go a lot further than you realise when you buy villas for sale in Calabria.
And when it comes to arranging a mortgage for your properties in Calabria, you could be in for a pleasant surprise once you find out how much you can afford.
Selecting the Best villas for sale in Calabria!
Buying Calabria off plan properties enables you to select the most sought after properties in Calabria on any of our developments. The best units offer higher capital appreciation in the smallest time frame and often demand the greatest rental incomes. Capital growth of the properties in Calabria, Italy, is expected to rise to 20% inline with the rest of Italy by the year 2010.
But what is Calabria Off Plan propterties?
Calabria off plan properties, is buying properties in Calabria from the development plans before construction commences. It gives you the benefit of purchasing properties in Calabria at the lowest price. The price will then be increased during construction of the villas for sale in Calabria until the final price at completion of the properties in Calabria. Buying Calabria off plan properties is proven to be a superb method of investment.
At Brighthouse Overseas we constantly seek new investment opportunities for our clients (whether it be properties in Calabria or in another region), but, more importantly, we have a comprehensive set of exit strategies in place (ways of realising your investment) to ensure that you make the best possible profit on your investment at the right time. For example, the investment in villas for sale in Calabria.
We will be delighted to go into the detail of purchasing Calabria off plan properties with you personally without any commitment. |
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Price appreciates as more property in Calabria sells:
As more units of the properties in Calabria are sold, the price of the remaining units of the villas for sale in Calabria will rise. Many buyers prefer to see the actual product they are purchasing and pay a higher price on the villas for sale in Calabria. They often buy to rent the properties in Calabria. Calabria off plan properties purchases achieve this and capital growth on the properties in Calabria. Calabria off plan properties investment is an excellent choice especially in Italy and we are dedicated to sourcing the best investment options for your particular needs.
We will gladly help you generate personal wealth through safe and intelligent Calabria off plan properties investment.
Finding a Lawyer for your properties in Calabria:
We can recommend an experienced, English speaking lawyer that will be able to assist you with your purchase of your properties in Calabria. Their unique service ensures that correct procedures are followed to ensure a smooth purchase of the villas for sale in Calabria in the Italian property market.
Your lawyer will undertake all the necessary due diligence and checks on your chosen properties in Calabria and safeguard your investment of the properties in Calabria.
If you do not wish to visit Italy to complete on your properties in Calabria, a Power of Attorney can be given to your Lawyer who will arrange the completion of the properties in Calabria on your behalf.
To reserve properties in Calabria:
The first step is to formalise your offer on the properties in Calabria. This will involve a holding deposit of 3,000€ which can be either “definite” or “refundable” depending on your preference of payment on the villas for sale in Calabria. *This deposit on the properties in Calabria may be paid via credit MasterCard/Visa, cheque or cash (Euros). This deposit will reserve the villas for sale in Calabria for you and will have the properties in Calabria removed from the market, thus protecting your interest to purchase villas for sale in Calabria. The holding deposit is fully refundable for a period of 21 days, unless otherwise stated for the properties in Calabria. This will give you sufficient time to visit Italy and view the villas for sale in Calabria. If you cannot visit the properties in Calabria during this period, you will be expected to make your holding deposit on the villas for sale in Calabria definite, i.e. non-refundable. Alternatively, if you decide not to proceed on the villas for sale in Calabria, your deposit will be refunded in full.
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How to buy villas for sale in Calabria and in Italy:
Once the terms of the purchase of the properties in Calabria have been discussed and the seller/developer accepts the offer on the villas for sale in Calabria, a binding agreement is born which is sealed by signing a reservation agreement on your properties in Calabria and your deposit on the villas for sale in Calabria will then become non-refundable. Usually 14 days after signing the agreement for the properties in Calabria, it is necessary for you to pay approx. 35% of the purchase price of the villas for sale in Calabria to the lawyers.
The developer will draw up the “Compromesso” (Builder’s Contract) on the villas for sale in Calabria, identifying both parties (buyer & seller) of the properties in Calabria, the properties in Calabria in question, and various other important facts concerning the purchase. This document serves in place of your title deeds of the villas for sale in Calabria whilst the properties in Calabria are under construction.
When it comes to the villas for sale in Calabria's eventual completion, a further document is signed, the “Rogito”, for the specification of the villas for sale in Calabria.
The document for the villas for sale in Calabria, is drawn up by the Notary (Notaio), who represents both parties. The buyer of the properties in Calabria, the seller of the properties in Calabria, and estate agent of the Calabria property, are all required to be present for the signing of the contract of the properties in Calabria at the Notary's office. You can sign the Rogito for the properties in Calabria in person or appoint a Power of Attorney in your absence to sign for your villas for sale in Calabria. You will be expected to transfer funds to the vendor of the properties in Calabria and the Notary of the villas for sale in Calabria at this stage. The best way of transferring funds to your Italian account in time for the Rogito for the signing of your properties in Calabria is by using a specialist currency dealer, which may be able to offer you better rate of exchange while paying for your villas for sale in Calabria.
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Sterling Exchange - Foreign Exchange Made Simple for the villas for sale in Calabria
When making an overseas purchase of villas for sale in Calabria, for example, currency exchange may not be the first thing on your list of things to do so you can buy your properties in Calabria. It can be equally as important as the purchase price of the villas for sale in Calabria though, as the exchange rate has a direct and noticeable impact on your bank balance while buying villas for sale in Calabria. With this in mind, Brighthouse Overseas recommend Sterling Exchange for all of your foreign currency needs, like buying properties in Calabria.
As one of the fastest growing currency providers in the UK, Sterling Exchange will provide you with your own dedicated account planner for properties in Calabria from start to finish taking the hassle out of foreign exchange that could come with buying villas for sale in Calabria. Ensuring you receive the best rates of exchange available for your villas for sale in Calabria, our planners will watch the market for you and can update you every step of the way on any sized transaction for the purchase of your villas for sale in Calabria. Sterling Exchange will also be able to find you the best payment plans to suit your needs while buying properties in Calabria.
Why Sterling Exchange?
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Free transfers on any sized transaction on your properties in Calabria
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Superior exchange rates to the high street bank
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Account opening facilities with leading banks from our office in the UK,
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Quicker payments via SWIFT international payments for your properties in Calabria
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Fixed Exchange rates for up to 2 years
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A 24hr Information desk
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Personal account manager
Based in the heart of London’s financial district with over 20 years market experience, Sterling Exchange is in a prime position to offer you a cost effective alternative to your bank’s foreign money transfer service while you manage the buy on the properties in Calabria.
For further information on how to exchange money for your villas for sale in Calabria please
click here – Client information brochure.
Or contact Robert Groves on
Tel 0207 329 9977
Fax 0207 329 9332
email robert@sterlingexchange.co.uk
Web www.sterlingexchange.co.uk
The Mortgage:
Mortgages for your properties in Calabria are available L.T.V. 100%, subject to client status.
(No Mortgage repayments necessary on the villas for sale in Calabria until the Title Deeds are signed and you take possession of your properties in Calabria).
At Brighthouse Overseas we will be able to introduce you to an experienced mortgage adviser that can assist you with your decision concerning the buying of properties in Calabria and ensure that you choose the most suitable form of financing, taking into consideration various factors including your personal circumstances, your age, the deposit you have available, the amount of capital you need to raise etc.
The terms and conditions of mortgages for the villas for sale in Calabria differ depending on the specific lender. However, all lenders will require some form of proof of income (P60, Annual accounts, copies of Income tax returns etc.) and a deposit varying from 10% to 50% of the value of the properties in Calabria. We recommend that Tax issues be discussed with an independent tax advisor to better understand what the properties in Calabria entail.
Capital Gains Tax: is exempt after 5 years of the properties in Calabria; however you would still be liable to 40% in the UK if you bring your money back from the properties in Calabria.
Additional Costs:
As well as paying the balance for the properties in Calabria, the buyer of the villas for sale in Calabria must also pay:
- VAT: 10% for a foreign buyer or a resident purchasing a second home like properties in Calabria.
(This figure becomes 4% if you are an Italian resident, ie. You have a residency permit in Italy)
Please note that the tax is calculated on the value stated in the building registry of the villas for sale in Calabria, which may not always coincide with the purchase price of the properties in Calabria.
- Notary fee: Usually around 2% – payable when you sign the final contract on the villas for sale in Calabria.
Running costs of your properties in Calabria will include:
- Annual Tax – 0.4% – The Imposta Comunale sugli Immobili is an annual council tax calculated on the value of the properties in Calabria based on the value stated in the building registry of the villas for sale in Calabria .
- Annual Rubbish tax – Approximately 250€/year on the villas for sale in Calabria.
- Utilities for the villas for sale in Calabria – electricity, water, gas, telephone (if required) – Slightly less expensive than the UK.
- Community Charges for the properties in Calabria – Upkeep of communal areas of the villas for sale in Calabria (swimming pools, tennis courts, garden lighting, maintenance etc). These charges are decided by the community of owners, in which you have a vote. We estimate these to be around 500€/year for the properties in Calabria .
All of which can be paid via direct debit and/or the post office.
Guaranteed Rental Returns:
At Brighthouse Overseas will ensure that your properties in Calabria is at its best for rental of the villas for sale in Calabria. We can advise on professionally selected furniture packs at best value for money. You will have the opportunity to purchase properties in Calabria with BANK guaranteed rentals. Also, certain developers of top resorts like the villas for sale in Calabria offer guaranteed rentals.
We can advise you to the best rental management companies for your villas for sale in Calabria . Your properties in Calabria will be head and shoulders above others for renting.
At Brighthouse Overseas we will only offer these if we are fully satisfied that they are achievable. Ask us for further details.
Useful contacts:
www.enit.it - Italian State Tourist Board - useful for travel, history, events, etc
www.ambitalia.org.uk - Embassy of Italy in UK |
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Italy
