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Italy & Sicily Facts & FAQ's |
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Who can buy
Any investor, overseas or resident, can purchase in Italy's luxury property developments.
Leasehold or Freehold
All properties for sale with Brighthouse Overseas SL are freehold.
Mortgages
Upon completion, subject to client status mortgages can be arranged. In some cases it can be up to 100% of loan to value.
Payment Terms
Deposits on properties will vary from development to development and is required at the contract-signing stage.
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Bank Accounts
Buyers do not need a local bank account to arrange purchases, though these can easily be arranged through Brighthouse Overseas SL banking partners.
Legal/Tax Advice
We recommend that all clients take independent tax and legal advice.
Re-sale
You can sell your property or assign your agreement to anybody. This can be done at any point throughout the build period or after.
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Things you should know about Italy
• According to the Italian Tourist Board (ENIT tourism sales are up by 21.3% in 2006)
• Increased low cost airlines and only 2.5 hours flying time from UK
• Capital growth of up to 20% in established markets, whilst relatively untouched emerging markets offer fantastic capital gains growth potential
• Low interest rates, currently between 3.86% - 4.5%
• High rental potential in the lucrative summer tourist market
• Italy is 4th most visited country in the world, over 40 million overseas visitors each year
• Ranked by UNICEF as the best country for families
• The university in Calabria is the oldest in Europe
• The Vatican has been an independent state since 1929
• Founding member of the EU, EC and NATO
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Location: Southern Europe, a peninsula extending into the central Mediterranean Sea, northeast of Tunisia
Capital:
Rome
Population: 58,133,509
Area Land:
294,020 sq km
Water: 7,210 sq km
Total: 301,230 sq km
Coastline: 7,600 km
Language: Italian (official), German (parts of Trentino-Alto Adige region are predominantly German speaking), French (small French-speaking minority in Valle d'Aosta region), Slovene
(Slovene-speaking minority in the Trieste-Gorizia area)
Currency: Euro
Government Type: Republic
Life Expectancy: 80 years old
Religion: Approximately 90% Roman Catholic (about one-third regularly attend services); mature Protestant and Jewish communities
Climate: Predominantly Mediterranean; Alpine in far north, hot and dry in south.
Time Zone: 1 hour ahead of Greenwich Mean Time (GMT+1).
Voltage: 220 volts.
Airport Departure Tax: There is no departure tax payable. |
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Italy
