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Italy & Sicily Facts & FAQ's |
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Who can buy property in Italy
Any investor, overseas or resident, can purchase property in Italy.
Leasehold or Freehold of property in Italy
All property in Italy for sale with Brighthouse Overseas SL are freehold.
Mortgages for property in Italy
Upon completion of the property in Italy, subject to client status mortgages can be arranged. In some cases it can be up to 100% of loan to value of the property in Italy.
Payment Terms of the property in Italy
Deposits on property in Italy will vary from development to development and is required at the contract-signing stage.
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Bank Accounts buyers of property in Italy
Buyers do not need a local bank account to arrange purchases on their property in Italy, though these can easily be arranged through Brighthouse Overseas SL banking partners.
Legal/Tax Advice for buyers of property in Italy
We recommend that all clients that buy property in Italy take independent tax and legal advice.
Re-sale property in Italy
You can sell your property in Italy or assign your agreement to anybody. This can be done at any point throughout the build period of your property in Italy or after.
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Things you should know about Italy
• According to the Italian Tourist Board (ENIT tourism sales are up by 21.3% in 2006)
• Increased low cost airlines and only 2.5 hours flying time from UK
• Capital growth of up to 20% in established markets, whilst relatively untouched emerging markets offer fantastic capital gains growth potential
• Low interest rates, currently between 3.86% - 4.5%
• High rental potential in the lucrative summer tourist market
• Italy is 4th most visited country in the world, over 40 million overseas visitors each year
• Ranked by UNICEF as the best country for families
• The university in Calabria is the oldest in Europe
• The Vatican has been an independent state since 1929
• Founding member of the EU, EC and NATO
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Location: Our property in Italy is in southern Europe, a peninsula extending into the central Mediterranean Sea, northeast of Tunisia
Capital:
Rome
Population: 58,133,509
Area Land:
294,020 sq km
Water: 7,210 sq km
Total: 301,230 sq km
Coastline: 7,600 km
Language: Italian (official), German (parts of Trentino-Alto Adige region are predominantly German speaking), French (small French-speaking minority in Valle d'Aosta region), Slovene
(Slovene-speaking minority in the Trieste-Gorizia area)
Currency of the property in Italy: Euro
Government Type of the property in Italy: Republic
Life Expectancy: 80 years old
Religion in the property in Italy: Approximately 90% Roman Catholic (about one-third regularly attend services); mature Protestant and Jewish communities
Climate in the property in Italy: The property in Italy has predominantly Mediterranean climate; Alpine in far north, hot and dry in south.
Time Zone: 1 hour ahead of Greenwich Mean Time (GMT+1).
Voltage of your property in Italy : 220 volts.
Airport Departure Tax from your property in Italy: There is no departure tax payable. |
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Italy
