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Welcome to Sardinia - Italy's best kept secret
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Guide
to Buying in Italy
Sardinia is an Italian island and as such is governed by Italian law. This includes legislation for purchasing property.

Purchasing a property in Sardinia is fairly straightforward once you understand the rules.

There are usually three stages to finally acquire your chosen property;

1. Purchase offer This is where you formally make an offer in writing. With the offer a security deposit of between 2% to 10% is paid. This blocks the property and the documents relative to the property are taken to the Notary for verification. This deposit is refundable only in the case the property owner decides not to proceed with the sale or there are technical problems. The purchaser may opt to omit the Purchase Offer stage and proceed directly to the Preliminary Contract.
2. Preliminary Contract This is also known as the “Compromesso” and is the Purchase Contract, which is legally binding. The Preliminary Contract is usually signed within one month of the offer being accepted. A deposit normally of 20% of the purchase price (including the amount already paid) plus the estate agents fees are paid at this time.
3. Final Contract or “Rogito” This is the completion of the passage of the title deeds from the Seller to the Buyer and is performed by the Notary. If the completion is likely to be in a short time period of the offer, the Preliminary Contract stage may be eliminated. The Final Contract is when the balance of the purchase price, taxes and notary fees are paid.

In order to purchase a property, you will need an Italian tax code and bank account. These can be arranged by one of our Consultants at a charge of 200 euros.

New properties have a building guarantee similar to the UK. Building surveys are not a requirement unless you are requesting a mortgage, however it is recommendable for older properties. This service can be provided by our consultants and usually costs between 350-500 euros, depending on the size of the property.

Payable taxes on purchased property

As a rough guide you should allow 10% – 15% of the purchase price to cover taxes and fees.

The Italian State differentiates between buying a house as the principal residence (prima casa) and buying a house as a second home (seconda casa).

For a principal residence the purchaser pays an Imposta Registro (Registration Tax) of 3% of the Valore Catastale of the property (value of the property registered at the Catasto or Land Registry). The Valore Catastale is usually significantly less than the purchase price. However if it is a new or renovated property purchased from the builder, the Imposta Registro is fixed at €168 and IVA (VAT),is charged at 4% of the purchase price.

When purchasing a second home, the Imposta Registro is charged at 10% of the Valore Catastale and a new or renovated property purchased from the builder has an Imposta Registro of €168 plus IVA at 10% of the purchase price.

Notary fees are approximately €2000 but varies slightly between Notaries.

HAS estate agency fees are as follows:

For properties over € 90.000 - our fees are 3% + VAT (IVA)
For properties less than € 90.000 – there is a minimum fee of € 2500.00 + VAT (IVA)

Example of a house purchase breakdown of costs;

€100,000 – purchase price
€3,000 – agency fees + €600 VAT (IVA)
€4,000 - €8,000 house taxes* and notary fees
€350 – survey fees if a survey is requested
€200 – fee for opening a bank account and obtaining a fiscal code if this service is requested

* Generally with an inexpensive property the house taxes are relatively high. This is because in Italy the Registered Value (Valore Catastale) is usually much lower than the purchase price. On Completion, it is normally the Registered Value which is written into the Final Act and therefore used for calculating the tax due . With inexpensive properties the difference between the purchase price and Registered Value is less significant than with higher priced properties.