Taxes, fees etc

The Italian law allowes the real estate agents to take a fee of 8 %, often this fee is devided 50-50 between vendor and purchaser, however it is likely that you as buyer will be asked to pay 3 % of the agents fee. You will most likely be asked to pay this fee after the compromesso has been signed and registered as this is when the mediation is regarded as closed.

Property taxes:

From January 2006 a new law states that the taxes you pay when purchasing a property will be calculated on the cadastral value of the house and not on the market value.

The cadastral value will in most cases be a lot lower than the market value, often less than half the price. This is an important question to ask the estate agent when viewing the property, if they don't already have this information they should get it for you.

Property taxes on a holiday home (seconda casa) are higher than for main home (prima casa).

The rates as of 01.01.2008 are as follows:

Prima casa Seconda casa Tax on the house 3 % + € 336 10 % Tax on non-agricultural land 11 % 11 % Tax on agricultural land 18 % 18%

Then there is the cost of the notaio.

Depending on the paperwork necessary and the complexity of the deed it will vary from 1.500 - 3.000 euro

If you decide on having a Geometra to do a survey of the property, you should calculate from 300-500 euro