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Italian Real Estate: How to Buy a House in Italy

Louise Villalobos

ByLouise Villalobos

Nov 13, 2023

With its beautiful landscapes, thriving cities, and historic architecture, Italy remains a top choice for foreigners looking to buy property in Europe. Although house prices in Italy are considerably lower than those in most European nations, the property-purchasing process in this country is super long.

If you are looking to invest in Italian real estate, this article is intended for you. Continue reading to learn more.

Homeownership in Italy

Italian residents prefer owning homes over renting, according to Eurostat’s data. The platform shows that over 74% of Italians live in their own homes. Italy’s homeownership rate has remained relatively stable over the past decade, ranging from 73% to 76%.


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Eurostat’s data indicates that most Italian homeowners are aged 50 to 65. The most preffered way of financing property purchases in Italy is mortgages.

Which is Better, Between Buying and Renting Property in Italy?

It depends. If it’s your first time in Italy, renting is likely a more viable option. That’s because it will allow you to explore various areas in Italy and pick your ideal location. Moreover, renting property gives you enough time to understand the Italian property-buying process.

So, how much does it cost to rent in Italy? The rental prices differ depending on the location of the property. Statistica’s August report indicates that the average rental price per month in Molise is €8 per square meter, while it’s €15 per square meter in areas like the Aosta Valley and Lombardy.

Can Foreigners Purchase Property in Italy?

Yes! Foreign nationals, especially those from European Union countries, can buy property in Italy without restrictions. If you are not from the EU, a reciprocity rule is applied, meaning you can only purchase an Italian property if your home country allows Italians to buy houses.

The Italian Real Estate Market

Property prices in Italy stagnated before COVID-19, with several old houses remaining in the market without new owners. However, in 2021, house prices started to surge, thanks to the many reforms adopted by the Italian government to boost the real estate market. For example, the 100% “superbonus” building scheme led to increased interest in purchasing houses to renovate them.

Buying a House in Rome

Roma (Rome) is the most populated Italian city. When buying a house here, expect to pay about €3,500 per square meter. If you wish to own property in a family-friendly environment, you can pick a house in Monteverde. For luxury units, visit Via Appia Antica.

Buying a House in Milan

Property prices in Milan are higher than those in Roma. Buying a house here will cost you roughly €5,500 per square meter. Most family homes are located in suburban areas like Monza and Brera.

The Process of Purchasing Property in Italy

As mentioned, the home-buying process in Italy is lengthy, as several steps need to be taken before finalizing your purchase.

Here is how to buy a house in Italy:

Research the Available Mortgage Options

In case you want to finance your house purchase with a mortgage, research the home loans you qualify for. Ensure you have all the necessary documents to enhance your chance of getting a mortgage approved.

Look for a Real Estate Agent

Given the complexities in the property-buying process, hiring an Italy-based real estate agent to help navigate the market is recommendable. This professional will help you find your ideal property easily.

Find Your Ideal House and Make First Offer

After finding your perfect home with the help of a real estate agent, make an offer to initiate the negotiation process. Once an agreement is reached, the agent will guide you on signing a purchase proposal contract.

Hire a Surveyor

Appointing a surveyor to help you identify issues in the house is crucial. If you find any, you can choose to renegotiate with the homeowner.

Complete Your House Purchase and Move in

To finalize your purchase, make a deposit and sign an agreement with the house owner showing your commitment to paying the remaining balance after the Italian Land Registry issues a new title deed. Once the deed has been produced, transfer the remaining balance to receive the key to your new house.

Louise Villalobos

Louise Villalobos

Louise Villalobos is an adept writer, renowned for her compelling articles that illuminate and engage. Her prowess in breaking down intricate subjects provides readers with clarity and nuance. With a vast and varied portfolio, Louise has solidified her standing as a distinguished voice in contemporary journalism.