Investing in real estate in Italy has become an increasingly attractive choice for foreigners seeking asset security, rental income, and long-term appreciation. With a stable real estate market, strong tourist appeal, and competitive prices in various regions, the country offers excellent opportunities—from historic centers to university towns and renowned tourist destinations.
Documentation and first steps
The buying process is accessible, but requires organization. Generally, foreign buyers need a valid passport, proof of financial resources, and a Codice Fiscale, the Italian equivalent of a CPF (tax identification number). This code is essential for any transaction in the country and can be obtained even without being physically present in Italy, with specialized support.
Before proceeding, it is crucial to define your budget, investment objectives, and areas of interest. This initial clarity allows for a more precise selection of properties aligned with your profile—whether for personal use, rental income, or both.
Remote purchase and legal security
It is not necessary to travel for all stages of the process. If you cannot be present, it is possible to issue a power of attorney (Procura), authorizing a legal representative to conduct negotiations and administrative acts on your behalf. This document can be drawn up abroad, through an Italian consulate or via a notary public with an apostille.
The legal process typically involves a purchase offer, a preliminary contract, legal due diligence, and the final deed, signed before an Italian notary. With proper guidance, each stage occurs safely and transparently.
Taxes, bank account and financing
Buying property in Italy involves acquisition taxes and annual property taxes. If the property generates rental income or is sold in the future, income tax and capital gains tax may apply. Depending on the case, some documents may also require certified translation into Italian.
Although not mandatory, opening a bank account in Italy is highly recommended as it facilitates payments, taxes, and property management. Foreign buyers can also access mortgage financing, generally with a down payment between 30% and 50%, depending on their profile and the bank.
Investment potential and property management
Properties located in tourist areas, historical centers, university areas, or with renovation potential tend to offer better returns. Mixed use—living in the property while in the country and renting it out at other times—is common, provided local rental regulations are respected.
For owners living outside Italy, complete property management is available, including maintenance, inspections, renovation supervision, and rental support, ensuring peace of mind and preservation of the property.
Conclusion
Buying property in Italy as a foreigner is a safe, structured process full of opportunities—especially when conducted with expert guidance. With planning, legal support, and local knowledge, the investment can become not only a solid financial asset but also a gateway to a new European lifestyle.
