How much does property in Italy cost?from today's listings⌄
Property in Italy on INTRIC runs from EUR 780K to EUR 1.53M, in Milan. Prices are the sellers' own, in the listing's currency, and change as listings are added.
Can foreigners buy property in Italy?⌄
Yes. EU and non-EU buyers can buy any residential or commercial property with no permit and no minimum. A reciprocity rule exists in theory but is not a barrier for US, UK, Canadian, Swiss or Australian buyers. You need an Italian tax code (codice fiscale) before you sign, which the notary can arrange.
What tax does an overseas buyer pay in Italy?⌄
On a resale, registration tax of 9% of the price, as the 2% first-home rate needs you to live there. On a new build from a developer, 10% VAT (22% for luxury homes). Each year there is the municipal IMU tax of about 0.46% to 1.06% of cadastral value. Selling after five years is free of capital gains tax.
Resale or new build in Italy: which should I buy?⌄
A new build from a developer carries 10% VAT, staged payments during construction and modern energy ratings. A resale pays 9% registration tax, is ready to use and often sits in historic centres, but may need costly renovation and face heritage restrictions. Allow 6 to 12 weeks from the preliminary contract (compromesso) to the deed (rogito).
Can a non-resident get an Italian mortgage?⌄
Yes, from major banks, but usually at 50% to 60% loan-to-value for non-residents, so a deposit of 40% or more. Terms and rates vary by bank, and a licensed broker can compare offers. Many overseas buyers instead release equity from a home abroad or use developer instalments.
Is Italian property a good investment in 2026?⌄
Moderate growth: ISTAT showed prices up 4.1% in the year to late 2025 and projects about 1.6% for 2026. Prime centres of Milan, Rome and Florence are cooling from their peaks, while the south, Sicily and Puglia attract foreign buyers. Gross yields run about 5% in Milan and 7% in Rome. Capital at risk.
Does buying property in Italy give residency?⌄
No. Property alone qualifies for no residency route. The Investor Visa is still open, but needs €250,000 in an innovative startup, €500,000 in an Italian company, €1 million to philanthropy or €2 million in government bonds. The Elective Residency visa suits those with passive income, such as retirees.