Here are the top 10 tips for purchasing property in Italy which have been provided by a client who recently invested in a Calabria property.
It is recommended to use an independent solicitor to handle your purchase.
The client said that they spoke with a selection of lawyers and asked exactly what they would receive for the fees.
If you can try and engage the services of an English and Italian speaking solicitor.
Check the Law Society register to make sure everything is above board with the solicitor you pick and if you can talk to other people who have used there services for a recommendation.
Always make sure the complete term of the build of the property is backed by a bank guarantee and check that you are covered with a financial compensation if the building works get postponed.
If you agree any extras with the builder or agent, get it written into your contract and exact details agreed.
Make sure that your contract will be written in both languages, English and Italian.
Make sure the finalised contact is signed in the relevant places by both you, the buyer and also by the vendor of your property in Calabria.
Find out the details of the builder and if you can check out other examples of the work.
Try and visit the development at least once to view and check the building work progress, or engage the services of a Management company who will check the build process for you and supply you with regular updates on the progress.
Make sure you organise to carry out a snag report on your apartment before you complete.
Always confirm the situation relating to any condominium charges, what the costs are and what do they cover you for.
Here is a video so that you can see what type of developmets are available in calabria and also see some of the areas.
Calabria is an emerging market with massive potential thanks to beautiful coastline and beaches, nice clear warm waters, spectacular mountain landscapes, low cost of living, current low property prices and world-class resorts and holiday properties being developed.
One would expect the real estate prices in Italy to be expensive and they are in the North and traditional destinations like Tuscany. This is because Italy does have plenty of wealth and cultural treasures especially in a lot of the traditional cities like Rome, Venice, and Milan for example where property prices are quite expensive.
However there is quite an inequality or difference with regard to the wealth of the north of Italy and the more traditional destinations than that of the southern most regions and especially Calabria which has traditionally relied on farming and agricultural sources of income. This is one of the reasons why you can still find a good bargain property in Calabria.
Calabria’s magnificent landscapes, fantastic coastlines, excellent climate, and traditional Italian charms all wrapped up with very affordable prime location real estate it is easy to see why the region is starting to attract lots to get involved in this market, property values are increasing constantly as the region develops but you can still purchase great value property especially the off plan developments being built, check our website regularly for the latest investment opportunities
We hope these tips will help you and wish you success with your investment or holiday property purchase and also visit our website for up-to-date Property in Calabria for www.experience-international.com
