By In EU provisions, Inheritance, Inheritance Law, Italian law, Italian Property, Law, Law Firms in Italy, Notaio, Notary, Property law

UK property purchasers in Italy after Brexit

How would a Brexit vote affect UK property purchasers in Italy?

Several UK property purchasers have recently asked me about UK property purchasers in Italythe possibility of a Brexit putting an end to all that is good about buying property in Italy. De Tullio Law Firm provides legal advice to foreign purchasers looking to buy property in Italy.

UK nationals buying properties abroad have tended to favour Europe. The most popular markets are Spain, France, Portugal and Italy, as well as Greece, Cyprus and Malta.

There are very practical reasons that make European destinations attractive for UK buyers. There are no visa requirements for UK citizens to travel across the EU. Member state economies are fairly stable. Excellent health care and education systems are available and there is generally a strong grasp of the English language. (more…)

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By In Italian Property, Italian Real Estate, Law, Law Firms in Italy, Notaio, Notary, Off-Plan Property, Property law, Real Estate Law

Italian Property Auctions – a few facts and tips

property auctionAn unfinished hotel and empty swimming pool sit sadly on the lush hillside of Pitigliano in Tuscany, where they should have welcomed the holidaymakers who flock to central Italy. The Tosteto spa was seized in 2010, according to a local court order. Since then, six auctions have failed to attract a buyer for the Tosteto spa, partly because the original developer still holds rights to the land.

For a seventh auction this month, the valuation for the Tosteto spa has been cut to 4.6 million euros from 8.9 million euros at its first auction. There is already an eighth auction scheduled for October, suggesting the sellers are not hopeful. (more…)

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By In Inheritance, Inheritance Law, Italian law, Italian Will, Law, Law Firms in Italy, Notaio, Notary

Testamentary Succession in Italy

testamentary successionItalian inheritance law dates back to the Roman Law tradition. It is based on the principle that the deceased’s close family members merit special protection. This partially limits the right of the testator to dispose of assets entirely as he/she wishes.

Testamentary succession can be defined as the assignment of hereditary assets, the estate, of a deceased testator in compliance with the decisions of the testator as set out in an Italian Will. A Will is a legal document drafted and signed by the decedent through which disposal of an estate is determined following death. (more…)

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By In Italian law, Italian Property, Italian Real Estate, Law, Law Firms in Italy, Notaio, Notary, Off-Plan Property, Property law, Real Estate Law

What you absolutely must understand before you buy a property in Italy!

What you absolutely must understand before you buy a property in Italy!

before you buy a property in Italy

When you visit a country for a holiday the cultural differences are charming and exciting and ultimately do not affect your life. This changes dramatically when you move to, or invest financially, in that country.

You may have already bought a property in your own country. Maybe you are English and the estate agent passed all relevant information to your lawyer to process the purchase, maybe you are American and your independent buying agent was fully qualified to deal with the process and very aware of the ease with which litigation takes place in the USA. In both cases, the most risk free and secure method for you, as a buyer has become the assumed and probably the only way in which you can purchase that property. We take for granted that our interests are so well protected that it is very difficult to unknowingly make a mistake. (more…)

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By In Senza categoria

Italy – concrete proof that nationwide building regulation reform is on the way

Since taking office in 2014, Marianna Madia, Italy’s Minister of Public Administration and Simplification has, amongst other things, been working on introducing a set of standard building regulations. The aim is to simplify and harmonise rules and requirements for building practices across the whole of Italy.regolamento

Each of Italy’s 8 thousand municipalities currently have their own building regulations and many are outdated. Rome’s date back to 1934 so a reform is not only necessary, it is also urgent. Every Italian municipality’s building regulations have different definitions; even the notion of surface and the way it is calculated varies from one municipality to another. This plethora of building regulations across Italy is costly and they cause chaos and uncertainty. (more…)

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By In Italian law, Italian Property, Italian Real Estate, Law, Law Firms in Italy, Notaio, Notary, Off-Plan Property, Property law, Real Estate Law

Defects and non-compliances in Italian property purchases

Defects and non-compliancesItalian property purchases – What’s the legal position when it comes to defects and non-compliances?

During our legal careers, my father and I have dealt with all sorts of seemingly improbable scenarios. The couple from Scotland who discovered they had bought a property that didn’t actually legally belong to the vendor. The German family, who arrived in Tuscany for their first holiday at their recently purchased dream property to find the previous owner’s brother and family in residence. It transpired that the brother was a co-owner of the property, who had no idea the property had been ‘sold’. (more…)

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By In Italian law, Italian Property, Italian Real Estate, Law, Law Firms in Italy, Notaio, Notary, Off-Plan Property, Property law, Real Estate Law

Selling properties in Italy? What you should know.

20Selling properties in Italy can often be a difficult and lengthy process, so it is important to make things easier for yourself by preparing and understanding what’s involved. The first stage is to put the property on the market, either as a private sale or though an estate agency.

If you are considering appointing an Italian real estate agent, it is important to ensure that the agent is qualified and registered with the local Chamber of Commerce in full compliance with Italian law. (more…)

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By In Senza categoria

Buying a property in Italy can be a nightmare…

41Property purchase in Italy is a serious investment and often the fulfilment of a dream. Italy’s unique real estate laws and local customs all lead to the recommendation of  having the right team of advisors in place to make your experience successful.

A couple from Bristol found a house in the Abbruzzo that they wanted to buy. The local real estate agent, that the couple had engaged, got them to sign a Proposta di Acquisto (purchase offer). (more…)

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By In Senza categoria

Italian supreme court approves adding TV licence to household electricity bills

Following a review in mid-April, the Italian Council of State has now approved the move to add the tv licence fee, for State broadcaster RAI, to household electricity bills.

The law of stability 2016 heralded a reduction in  the annual RAI license fee to €100 euros from the previous fee of €113,50.222

The new legislation introduces the presumption of ownership of a tv set in residences wherever electricity is installed.

From 2017, tv licence payments with electricity bills will take place in ten monthly instalments, from January to October of each year. (more…)

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By In Inheritance, Inheritance Law, Italian law, Italian Will, Law, Law Firms in Italy, Notaio, Notary

Do you, or your family, own Italian assets?

Italian assetsIf you, or your family, own Italian assets, it is advisable to research and prepare for the future of those Italian assets. You can watch our short video on this subject here: http://bit.ly/1VDqOnY

Inheritance and probate laws vary from country to country and it is unlikely that the Italian assets will be subject to the same procedures and laws as the assets at home. (more…)

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