Dedicated Advisory for buyers
Real estate transactions are a lengthy and intricate process that involves various professional figures: from the Notary, who must conduct all the necessary preliminary checks on the property and ensure the legality of the transaction, to the lawyer for contractual assistance, the surveyor and architect concerning the compliance of the property with urban planning regulations, the construction company if renovation work is needed, and the accountant for tax-related matters and potentially accessing home bonuses, as well as the bank if a mortgage is required, etc.
It is inevitable that foreign investors looking to purchase property in Italy will immediately encounter difficulties due to the need to navigate a multitude of legal, bureaucratic, administrative, urban planning, and tax-related issues that cannot be easily managed independently without being an expert in real estate transactions in Italy.
In fact, it is unlikely that someone from abroad possesses the qualifications and knowledge necessary to tackle the lengthy and complex journey of a real estate transaction on their own, especially since it is assumed that they are not familiar with the rules of our legal system.
Moreover, foreign investors face the significant barrier of the language, considering that a high level of Italian is required to engage in the transaction, as knowledge of the technical and legal terms associated with real estate transactions is essential— a requirement that is almost impossible to fulfill.
It is clear that a foreigner navigating the process alone in Italy to purchase property risks falling into traps that are difficult to foresee, potentially leading to significant economic damages as well as serious legal liabilities.
Urban planning or the risk of entering into a purchase agreement that includes unfavorable clauses for the buyer, such as excessive penalties, or the possibility of failing to access tax bonuses despite being entitled to them. Additionally, there is the risk of purchasing at a price that is excessive compared to the market value of the property, or, in the worst-case scenario, falling victim to outright real estate fraud.
Although the scenario of real estate fraud is a catastrophic one, it is not a danger to be underestimated. A quick search on the internet will reveal just how widespread the issue of real estate fraud is, affecting thousands of people every year.
In light of all this, it becomes essential to rely on a specialist in the field of real estate investments in Italy for foreigners. This expert can provide not only contractual consulting but also a more complex technical and legal assistance, guiding the client step by step throughout the entire process of purchasing a property in Italy.