🇮🇹Italy
Issue No. 348
Price in ads is just the beginning. In Italy, you need to add another 10-15% to the cost of an apartment on taxes and duties, warns lawyer Nick Metta.
The largest expenses are expected when buying from private individuals: the registration tax is 9%, plus 50 euros for a mortgage and cadastre. For newcomers, the rate is reduced to 2%. With firms, prices can be higher due to VAT.
Do not forget about the notary (about 1.5% of the amount), the commission to the agent and the deposit in the preliminary contract. And also check the debts of the developer on house accounts - they can disrupt the deal.
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