Reasons for Investing in Italy Property by InvestItaly.com

Learn why Italy assets make such good investments with the help of InvestItaly.com. Italy makes very tempting offers for forign investors, but you need to know where to look. This European country offers convenient tax regulations, favorable business conditions and quickly developing real estate market. Find out more with the experts of InvestItaly and start enjoying these unique financial prospects in no time.

New Finance Regulations in Italy

The Italian government has set up new finance laws regarding the purchasing and selling of residential assets between private beings. Currently the purchaser pays the actual property price in the deed of sale and pays tax only on the difference of the re-valued ratable worth. This assists in making the market more transparent as well as helps buyers not to become involved illegal activities such as money laundering.

Italian Rental Market Is Booming

Investors in the buy-to-let market will be happy to hear that the high number of tourists visiting Italy boosts the rental market. More visitors become interested not only in vacationing in the major capitals, but also in rural tourism. Furthermore, buyers who invest in making old houses into abodes can receive grants from the Italian government for undertaking restoration projects in the Italian countryside.

Low cost airline companies starting to operate flights to Italy have transformed the way people book vacations and use the Internet for that purpose. In addition, the demands for self-catering properties have increased.

However, travelers from abroad are not the only ones who take trips to Italy. Italians do enjoy traveling in their own country and book their domestic vacations online as well.

Making a real estate investment in either the north of the country or around the lakes can actually double your rental prospects. This is due to the profit potential deriving not only from the summer vacationer but from ski tourists in the winter as well. However, you should bear in mind that real estate prices become more favorable the further south you choose to go.

Tax Legislation in Italy is in favor of forign investors

Italy currently reforms its tax legislation. There is neither capital gains tax (CGT) nor wealth tax. You can save a lot on property costs as long as you take out residency.

Reasons why Italy is a Wise Property Investment

• Italy is a major touristic destination.
• There is good rental potential deriving from both the local market as well as the tourist market.
• Low cost airline companies have put Italy at the heart of their expansion.
• The property market is growing progressively up to 20% in "virginal" regions.
• You can still find excellent real estate deals, what you'd call 'bargains' in some parts of Italy.
• There is no wealth or capital gains tax.
• Rural tourism is a developing tourist market and there are bonuses for property restoration in country regions.