Pay someone. There are tons of agencies that do the work for you. A few thousand euros on top of an already very cheap property is an easy choice. I'll sit back and enjoy my aperitivo while the negative people struggle back in cold winters in an overpriced society.... @jahonain
Thank you for your feedback. I have made other videos on Italy concerning good lifestyle purchases. What may be of interest in the video on the cheapest places to buy real estate in Northern Italy
@@saveandinvestwithgiorgiolo8375 Looking forward to it! I’m an American, and wanted to invest in Italian property as rental, but after looking over the taxes, I don’t think it will be a good investment.
It really made no sense to me when he said ''It doesn't matter whether I'm right or wrong, whether the market goes up and down. I'm good regardless''. People are really losing a sh*t ton of money out here. I personally have been buying stocks since the beginning of the year and yet nothing's changed, but I've been reading articles of people still in the same market pulling off over 350k in just a couple months. Its tough out here!
Agreed! I first contacted a Financial Analyst because these days, it's easy to buy into trending stocks, but the task is knowing when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. I’m currently 60% up in profits just in 5months with my initial capital of $160k
Sure. Jenny Pamogas Canaya a well-known person in her field, is my advisor. I got to know her through my wife. It's my wife that has her number, but you could further investigate her credentials and contact her yourself.
@@saveandinvestwithgiorgiolo8375 Sir what's your view on investing in Vineyards in Italy. Perhaps, developing a vineyard with a hotel/resort for tourism ?
@@namanagrawal5223 I think this would be more of a lifestyle change. It is an area where you need to do a full investigation of what the supply/demand in the are you want to invest in. However there is still a lot of room for tourism to grow in Italy so if you do your homework it can be a good investment as well as lifestyle change
@@saveandinvestwithgiorgiolo8375 My question was rather in terms of the value of a vineyard, to be specific, would it be an appreciating asset or a depreciating asset?
Yes, Real Estate/Housing hasn’t been hyper-commoditized like in the US Casino Capitalism System to the point of creating a massive overvalued housing bubble that can crash the national economy.
@@saveandinvestwithgiorgiolo8375 Thank you for the insightful video. The comment is not one of anti-capitalism; it’s one of fiscal moderation and concern of the risks of putting an entire economy’s eggs in one basket. To take a moderate stance in today’s binary world of absolutes seems to be an increasingly lonely place.
Giogio you're right about the real estate market in italy. Taxes are really really hight because the italian government think a house is a luxury thing so if you had more than 1 home your gonna pay taxes for the one which is rented. I know this because I'm from Italy but my question is how do I get started with real estate in another country while I'm living here in Italy? If someone knows something about I asked please let me know
How refreshing to have someone like yourself deliver such useful information so succinctly! I wish more content creators would follow your example. Thanks for the very valuable insights 🎉
I love Italy and have Italian heritage, but-after seeing this video-with a heavy heart-I will need to put my dream of owning an Italian home to permanent rest. But I thank you for this video!
THANK YOU VERY MUCH FOR YOUR HONESTY. AT LEAST, I KNOW WHERE I STAND IN TERMS OF WANTING TO PURCHASE PROPERTIES IN ITALY BUT NOW AFTER WATCHING YOUR VIDEO I WILL DIVERT TO PURCHASE THEM IN OTHER PARTS OF EUROPE IN FEW YEARS TIME ,WHEN THE TIME IS RIGHT. I LIVED IN ITALY IN THE PAST FOR 2 YEARS.
Hi Valerie. Thanks for your feedback. Italy is a bit more of a lifestyle purchase and there is nothing wrong with that but I think long term there are better places to invest in real estate. One positive since I made this video is that Draghi has become Prime Minister and that can only be a good thing for Italy and real estate in Italy
Agree fully. Unfortunately far too many countries are pro tenant without taking into account that more often than not the landlord is taking a risk especially when they have a mortgage on the property
Excellent points. The geo political and economical pitfalls make Italy and very poor option for investment. But I’m looking at retiring in Italy but am concerned with unloading the house 10-15 years down the road. Thanks.
4yr tenancy term quoted is accurate BUT shorter term tenancies can still be done - state duration on contract. shorter terms lettings are usually furnished with at least a kitchen.
what about buying a vacation rental in the south as an air b and b? tourists will always come to Italy...I would like to buy a primary property in the north and a vacation apartment in the south to rent out.
Hello , i’m a foreigner and was thinking to purchase a property and make it our families vaca home plus do short term rental like airbnb as i have one already in USA . Purchasing and making it our families vaca home and short term rent how will it do ? Italy get tourism all yr round and i see airbnb is more expensive then other places abroad .
Thanks for sharing, really informative video. I am currently living in Italy and was thinking about buying but really worried about bureaucracy here and the political environment. If they don't agree on a real plan, that money from stimulus will be lost and they will have to pay it back by charging higher taxes in the future. Also noticed prices and cost of living are still not reflecting the reality of the economic situation today. I talked to older people and they told me that even at the past crisis in Italy and globally, the market starts to react very late to it on average a year or so. Italy is a beautiful country but I hope that they will take the right steps to save it.
Thanks mo man thanks for your feedback. I hope Italy will take the right steps as well. Prices are still to high in many parts of Italy but I have noticed prices dropping in other areas. You are right Italy is a beautiful country.
I am interested in an analyses of the real estate in Lazio, by the sea, closer to Rome... for s summer vacation home, which in time, it would also mean relocation.
Where should i buy then? Im looking for investment properties, lifestyle also but less important since i would rent the place most of the time. I live in Europe and interested in cities in or very close to eu. Are Dublin, Dubai and Berlin good options? Also Valencia, Alicante, Trieste, Zagreb, Pula?
Hi Sal there are some cheap areas in South Spain where you can buy quite cheap property e.g. Murcia region and the weather is sunny most of the year. You could perhaps consider the Albanian coast ( I did a video on this) where you can buy sea view apartments for less than 1000 Euros per square meter e.g. Vlore. For weather purposes Spain would be better but for combination of Sunny weather and investment potential I think the Albanian coast is probably better
Sam I actually did a video about buying the best places to buy on the Italian Riviera and Genova came top. Agree an amazingly cheap city to buy property.
Just brought a property in Italy and I have to say it was a pleasure. With properties at such a low base it's a great investment for starting out. If you only used it as a holiday home and you get to use it often enough it will pay for itself in no time. Buying for the lifestyle❤🇮🇹
Italy is all about lifestyle not investment but who knows in future you could see some appreciation especially in Turin where prices are very reasonable.
In your clip, you referred to Bulgaria. I would like to further elaborate that while Bulgaria has an income tax rate close to 10%, the prices of equivalent real estate costs are approximately 20% to 50% higher compared to France and Italy. Pound for pound, France would be considered the optimal choice, followed by Italy. Bulgaria, on the other hand, ranks lower on the list due to its relatively lower quality, higher prices, and significant reconstruction costs attributed to labor quality.
@@saveandinvestwithgiorgiolo8375 Говоря от гледна точка на живеенето тук в продължение на 16 години, притежавам общо пет имота, от които четири все още притежавам, и всеки един от тях е напълно реновиран. Разбирам пазара на недвижимите имоти, понякога невероятните сложности при ремонта и как да работя с много трудната култура в България. Коментарите във видеото забравят някои от абсолютните ключови проблеми при извършването на нещо в България и разбирането за прекомерното ценообразуване в страната. Важно е да се осъзнае, че основната икономическа система в България се базира на недвижимите имоти. Недвижимите имоти са като злато, така че всички правила се въртят около тях, което добавя допълнителна сложност, която западноевропейците или не могат да осъзнаят, или не са готови да разберат, или избират да презират. 💰💸💲💵🤑🏦📈📊🤑
Good advice. My parents got my italian citizenship for me when i was a child. I live in canada and have never bee there. We will vacation there his coming summer though. If i move my family there, do you think there would be less red tape as an italian citizen to live there and have a rental property ?
In italy there are this kind of problems.. but they are in the prices (if you compare the Italin price with Paris or NL you see it very well..). If in the future Italy will solve just some of this problems the prices will go up
Andre thanks for your perspective. I do feel Paris is overpriced and a bad investment as well (I made a video on this). I would love to see Italy solve some of its problems but how it is a very old population with a low birth rate a high debt ratio and many youngsters ambition is still to have a state job so they do not have to work hard for their salary
@@saveandinvestwithgiorgiolo8375 italy has many souls inside, from north to south and this is reflected in the real estate market. The north of Italy is responsible for a very big part of the gross domestic product and in the north its young people have no ambition to get a state job. In the south the cost of living is very low and therefore many aspire to a state job because it is enough to live well and in peace. The North therefore has a better economic development. But the south is an excellent tourist destination. The center is a mix between these realities. I would like to correct some of your points: a) Italian taxation on residential property is 20% if you use the flat tax. It reaches 10% if the rent is below a certain threshold ("agreed rent"). b) Italy has a drop in births but is in line with other European countries. Germany has a worse birth rate. c) italy offers to the wealthy of other countries to pay a fixed annual fee of 100,000 euros and have 0 taxes on worlwide earnings. In doing so it is attracting millionaires from all over the world (the most famous case was C. Ronaldo). This has helped to push the market in Milan d) loans can be obtained at an interest rate of 1.5% for 20 years e) rents do not change easily but the rental market does not tend to move much, so in general it is not perceived as a problem f) Italy offers a perfect climate, nature, food, beauty, at a very reasonable cost compared to other European capitals. All these aspects will count more and more in the post covid, and with the smart working g) the debt is under control even if high: today Italy pays less than 1% at 10 years. Italy enjoys strong support from the European Central Bank h) the indebtedness of its population is very low, and Italians have a high level of individual wealth, the opposite of what happens in the Netherlands i) according to UBS, Italy is very good to invest in the real estate market (they refer to Milan): www.ubs.com/content/dam/static/emailer/2019/sept/BR-108576/global-real-estate-bubble-index-2019-global-version.pdf
Very honest and informative. No wonder selling prices are so low. Which European country would you suggest as an alternative for a non EU resident (with competitive pricing)?
Dear Giorgio, thank you for this video! Do you have a similar video question - I already watched the video about why dont buy a property in Portugal? Thank you!
It really depends on the city/area. I have done videos on Turin, Rome, Naples, Milan and Calabria which could be of some use. Calabria is incredibly cheap (in particular Scalea) and I think Roma/Turin are good if you are considering cities.
Hi! You know I've been meaning to buy an appartment in Italy (Pavia inparticular) and I was looking at how property price has degraded over the past 8 years or so. Something like 26%. You're literally the only person on TH-cam that confirmed my doubts!! Now I came to Italy as a student and I'm going to be here for at least 6 years (medicine) so I thought that instead of paying a monthly rent of £400, bills exclusive, to the university residence for a studio, I can just buy something small (50k roughly) and resell it after I'm done. Do you think this is a good idea? Thanks alot
hello, i'm italian, i live in lombardy (near milan and pavia too) and i can confirm all the thing that giorgio said. Some exception for milan (financial core in italy and the highest economic expansion city) and some university towns. My girlfriend had studied in Pavia for 5 year, in rent apartment and it cost her about 5500€ per year in solo and like 4000€ with friend in smalls apartment not far to university. I think if Covid will not definitively change the world and approach to study and culture, a small apartment in Pavia (just like you said around 50k, if you find near university) still be a nice investment. Sorry for bad english and have a nice time in italy :)
I am sure many people have the same thoughts as you. Been resisting the urge to look though all the nice properties being put up for sale since I am not ready to buy yet 😆 Btw, I stayed for a while in the rural part of Pavia.. And I absolutely loved it. Do update here if you found a property and also your experience!
@@elixues Hi! I did actually end up buying a flat in the Pavia province at the town of Voghera. It's a small property of 60m squared for €32000 (inclusive of all fees). It is 15mins by train to my university so a great discount to the rent I would have paid to university residence during the 6 years. The notaio covers your back by checking it is free of any legal/financial liabilities so nothing to worry about. You would need a registered translator if you don't speak italian well. Best of luck to you 😄
Giorgio what are your thoughts on a guy me 50 wanting to buy one of the 2 euros homes? I have applied to various councils in Italy offering this deal. However, I have never heard back, realise it is a fragile market, but feel it truly is the only way I can get my hands on a home. And yes, Ill put money into it and move over and invest into it, if it were to happen. Its a lottery...but hey I am still hopeful. I don't want to rent a property, just buy renovate, and move in to it. What are your thoughts, do you know of any contacts I could try. Many thanks in advance.
Have you ever considered places like Scalea in Calabria where you can buy apartments for as little as 30,000 Euros or perhaps or other parts of Calabria where you can sometimes buy houses for a similar amount of money. I have done two videos on Calabria and one on Scalea. You have my sympathy when dealing with Italian councils.
In 2023, most of the same concerns are true for Spain, who just passed another bunch of lies that do not favor landowners. I just wonder if it’s true also for Portugal.
Yes unfortunately Portugal is going that way with the end of the NHR program in 2024 to add to more restrictions on airbnb and the Golden Visa Program.
Thanks for sharing all this information. Do you think the situation is still bad for an investment, since your video is 3 years old? We are thinking to buy in Palermo to run an Airbnb.
Things have improved over the last three years however I don't think Italy is an investment opportunity. Palermo though is an amazing city with very cheap property and I think you will do OK if you run an airbnb there. You may like the video I made on the best ten places to buy property in Italy. Link is below. th-cam.com/video/JW_zVlTQ_FY/w-d-xo.html
Regarding the broker's fee, should you decide to buy a home in Italy, you said the fee is split at 3 percent each, for buyer and seller = 6 percent total...is that still the case? I heard the buyer pays the full broker's fee at 5 percent. Could you clarify/explain or update? Thank you!
I appreciate your input Giorgio! If not Italy for investment then where else would you recommend? I have a friend who wants to own apartments in Croatia, I know you are big on Bulgaria. Where would you put your money if lifestyle and ROI are important? Sounds like Italy is all about lifestyle.
@@saveandinvestwithgiorgiolo8375 As an Italian real estate investor I disagree. Even in the largest cities a 5% is doable. If you move out of them you can even buy things which yield 8-10% a year. I don't think properties will go up in value, but the yield is already high. Add the possibility of buying stuff with 20% down and witrh a 30 years 1% fixed interest... Not sure they have these rates in Cambodia. I also disagree on taxation which is 10-21%. I agree on some of your other points but I guess they are already priced in.
@@giacomocavicchioli5840 Out of interest where are you invested in Italy. In the biggest cities in Italy such as Rome and Milan it is extremely hard to get 5%. 8-10% sounds too high. I have yet to come across this in Italy
Mostly agree but two points were not accurate: pretty much all western countries are facing the same issues regarding old people and the pensions, however those who are basically government-funded Ponzi-scheme like pension system are going to suffer the most: Spain, Portugal, Italy, France, Germany, Greece. This is not an issue of Italy specifically, however the lack of flexibility in the job market, high government spending and high taxes are not going to help in the future. Second point is the Eurozone: it is a mandatory condition that European countries must use Euro in order to be in Europe. There is no way out in this sense. If a country wanna leave the Euro, they should leave Europe as well, which is unlikely to happen in Italy. All counties in Europe are enforced to adopt the Euro in the upcoming years, however there is no strict deadline in this sense.
Many thanks for your feedback Tom A. I agree these issues are not specific to Italy. It is not mandatory for countries to use the Euro in the European Union. Although most are going that way.
Giorgio sei italiano? Mi chiamo Francesco piacere I am living in italy right now and i desperately would like to get involved in real estate investment.. What country should i go to do it?
Ciao Francesco come stai? Sono Italo Londinese. The country you go depends on a number of factors e.g. budget, level of risk aversion etc. I think in Europe at the entry level Varna/Sofia in Bulgaria are good places to invest. Some of my other favorites are Tbilisi in Georgia and Tallinn in Estonia. I have already made a number of videos on my channel you can watch. Grazie
Kamran please check out my videos on Lisbon, Porto and Madeira. I only recommend Spain as a lifestyle purchase but not in places like Mallorca and Barcelona. I have done videos on these places as well
Very valid points, I’m in complete agreement with you, but what if I’m an Italian citizen ready to retire soon hopefully in Italy, I need a property to go live in it. Any suggestions?
vsabella that is an entirely different matter compared to investing. You could consider renting at least for a time to see if you like the area you are considering retiring in. It is better to retire in the south e.g. Puglia where property and cost of living is cheap and the weather can be good even in winter. Unfortunately the north is very expensive. Thanks
Calabria. You can buy a place for $40,000+. Depending on your needs, there are many very affordable villages in the south. Tuscany and Amalfi totally, almost laughably overpriced. Really any lesser known region you can find reasonable deals.
Isabella, if you are going to retire, first of all find a place with a good health care system. If your pension allows a decent lifestyle, I would recommend Northern Italy. Many people from regions like Calabria go to North to receive health care treatments
Very interesting to hear 'the other side of the coin'! There are TH-cam videos that romanticise doing up italian ruins, it can end up being astronomical and a very bitter experience. Some of those people run businesses (contacts for sale, for lawyer, for architect, for language lessons), they make it sound easy. If you have money to burn it can be a wonderful life experience, but not for regular people, let alone people going in the hope they will be able to 'pick up work'!
Thanks for your feedback w m. I also made a video on One Euro Houses in Italy which I believe these to be a bad investment. I agree finding work in Italy is very hard especially in the south. If you are going to buy in Italy why not simply buy an apartment in Calabria by the sea for 50,000 Euros. I intend to make a video about this.
Really appreciate your videos … have you done a video on this idea - Calabria by the sea? I’m facing huge life changes age 45 and want to go to Italy to study and eventually apply for elective visa to retire so have a 5 year plan. Your video would help so much xx
Hi yes you pay a lot less stamp duty on purchasing the property (7% as long as it your only property) and the ongoing costs are cheaper e.g. you do not pay council tax
Wow. I was looking for property in Italy but wasn't commiting because I have not done more homework. You just did a lot for me. I'm selling my land in Panama, Is good here, but I just want to live in Europe for a while.
@@saveandinvestwithgiorgiolo8375 I was thinking of Formia in Latina Province, and/or southest of Naples Domenica. Not a whole lot of real estate available for sale in Formia though....bu I was planning on renting first, because so many relocation experts like you advise
Okay i’m Italian and i invest here in real estate, maybe you don’t know many laws, it’s not your fault you just don’t live here but let me explain it to you. Actually you have multiple ways to rent out here. You can buy near American bases and there are a lot of them, the rents are pretty high. You can rent short term for example and make good returns, speaking about taxes it depends, it can go from 10% to 21%
Hi Silvano, I do live in Italy for part of the year. Of course there are sometimes some exceptions but this particular video covers Italy in general and unfortunately issues like de population, high government debt levels and red tape are prevalent.
As a general rule, I would go along with not buying property abroad. I have property in Thailand that I bought to please my partner and wish that I had not. Too many complications.
Bob yes there are definitely complications but it can be rewarding as well. I hope more people watch my 2 videos on the comprehensive guide to buying abroad as I think they will help
Hello, thanks for sharing your knowledge. Everything you say in the video, does it pertain to rentals only? Would you recommend renting over purchasing as a primary residence in Italy?
Thanks! I have few years to go until we can use something enough to make it worth owning, VRBO is cheaper for now. Sounds like the prices should be stable or even lower by the time it makes sense to buy something.
@@saveandinvestwithgiorgiolo8375 what about land I've seen some nice olive groves for sale for 15.000 euro we are not looking to build we go over there several times a year so I wandered to invest in some land thank you .I think it's about 2000 euro fees would I be on the right track at that figure thank you
Thank you very much. It was one of the most straightforward and in depth explanations in such a short video. What do you think about buying a house as your own family home though? I'm about to move and work in Milan and I thought about buying one around there probably in nearby cities(my wife is Italian). Would it still be a better idea to rent a house than buying one? Taxation and commission you talked about quite freaked me out..Again, thanks a lot for the information :)
Many thanks Taek. It depends on how long you are going to be in Italy. If it is for a number of years than I think you are better off buying rather than renting. Obviously if it were for a short period of time then renting is probably a better option. The good thing from your perspective is that since I made this video several months ago property prices have come further down so you could get a bargain and remember if you buy a property in Italy as your main residence (not an investment) and live for more than six months of the year in it you will pay stamp duty of only 2% of the cadastral value instead of 9%
@@saveandinvestwithgiorgiolo8375 was listed at 50 mill euros before virus then it dropped to 35 I snatched it up for 21 mill euros and sold my house on Fisher Island in Miami
@@jeremiahjenkins4098 Well done. It is amazing even near the Vatican in Rome you can buy 2 bed apartments for under 450K Euros as you may have seen on my video on Rome
@@saveandinvestwithgiorgiolo8375 So would you say it’s safe to assume that real estate and rental will continue to fall in the next decade? I would actually prefer to rent than own.
Most of your points are true for most other european nations, too. Italian real estate is a steal, that's why I'm moving there. Not as an investment but to live there.
Thank you for your feedback. Italy is definitely an excellent lifestyle purchase that is why I have made a number of other videos on the country. Good luck with the move
O.K another good job from you discouraging investing in Italy just like what you did for France. It is time to tell us where in Europe you think is good to buy a property? Also what country you are living currently? Just curious .
Good information. These issues will probably be to my benefit. I would like to buy a property for a vacation home and there are many beautiful affordable places. Id get an apartment with a doorman or front desk security so I wont have to worry about break-ins or squatters. I have Italian citizenship so the legalities should be easier. Thoughts?
Rutherford there are some cheap areas in Italy especially in Calabria. I have done many other videos on property in Italy. Please feel free to view in my video library. Thanks
Hi Amit that is quite a tight budget. You may be able to buy a house in Bulgaria but it would be quite a long way from a big city. If you want to be nearer a big city perhaps a small studio apartment could work.
I have come across different professional traders with the likes of Kristine Mary Lansing, Bryan Johnson, Amber Rodriguez etc. But I will recommend Kristine Mary Lansing because her services are top notch and sourced after.
I live alone in Italy, grew up here. I confirm that all these points are real. My flat Is near Udine , North eastern part. About the older population ... There's an 11th point more. They keep the 80 percent of the nation funds Locked inside their bank account. Younger people here, as seen , has got a very low possibility of buying a new house. So, you know, you cannot live with a a lifestyle so ... 100 percent Legit/rule respectful, you might need a lot more funds to live somehow . If you know what i mean, best, Fede
@@saveandinvestwithgiorgiolo8375 i usually don't like to complain, really... But covid showed us the real result of 40 years of job growth. The result? who is REALLY living good here are over 50 womans/mans that have ALREADY worked in the 75/90's (80%) ... Houses where 5 times cheap and they have worked without restrictions. Job was found, easily. Of course, now , the italian market grew up and... les jeux sont faits. Euro currency hits us hard, we have lost a lot of buying potential. The new and younger generations can go on ONLY if you have your family on your back that can "help" you (or live for you, maintaining the 50% of the university, food, flat rental or basic needs)... the others? Should i really talk about part time - working people in a flat? better no. But trust me... they're a lot. i am not complaining but just describing a little part of the situation. Here we are going away like my dear, loved Argentina (i really like that place)
%Many thanks Kannika. Regarding the one euro houses in Sicily you have to considered the renovation costs/bureaucracy ant time needed to renovate. At the end of the project will you be able to sell at good profit or failing that get decent rental yields? Consider also extra taxes such as notary fees and 9% tax on deeded value if it is not your primary residence. I saw earlier in the year they were offering 1 Euro homes in Taranto a city in Puglia. I think this would be a better bet than a village in Sicily as they would have a decent resale value.
A bit out of date. Some advice needs to be re-cast and is not helpful to buyers of property to live in. Great comments - State Debt and Euro membership are totally unrealistic speculation. Reminds me of those in UK who said the Euro will collapse! From the UK with high property prices - the Brexit has put others off trying this mess.
Hi Roberto I have done many videos on Italy since this one. They are in my video library. I have also done a number of videos on Brexit Britain. Thanks.
I don’t really agree the all video, because I understand from it that you’re quite comparing an investment with a speculation, that in general it’s highly recommended to avoid, for the costs and for the things you right mentioned in the video here… so, you can’t compare Italy with other countries more indicated for a speculative plan probably, like you say Bulgaria, not mentioning other countries where the taxes are quite the same if not higher then Italy…then, saying that it will come back to the Lira, you should wish that man, because the economy would be better, but that’s quite impossible…in fact! For the depopulation and the old people problems, how about Rome and Milan and ALL the cities around them? You know, you just have to consider all these factors with your team of experts, that’s how you should do your real estate business.
Hi Alessi thank you for your feedback. Subsequent to this video I have done other videos on Torino, Milano, Roma, Napoli and Calabria. The video on Italy has to be more generic. As much as I love Italy there are a number of problems that need to be overcome. Red tape, too many people working on high wages in the public sector, high debt, very low GDP growth rate and a very low birth rate are a few examples of these problems. Hopefully ''Super Mario'' can start to turn some of these issues around
Yes, don't buy property there as an investment... buy property there as a way to have a full, happier and longer life.
Cal Depen Exactly!!!!
Pay someone. There are tons of agencies that do the work for you. A few thousand euros on top of an already very cheap property is an easy choice. I'll sit back and enjoy my aperitivo while the negative people struggle back in cold winters in an overpriced society.... @jahonain
@jahonain Acyually buying property in Italy is much simpler than countries like the UK
I was thinking about buying in Northern Italy for short term rentals, but after this video, I’m thinking twice. Thank you for this great information!
Thank you for your feedback. I have made other videos on Italy concerning good lifestyle purchases. What may be of interest in the video on the cheapest places to buy real estate in Northern Italy
@@saveandinvestwithgiorgiolo8375 Looking forward to it! I’m an American, and wanted to invest in Italian property as rental, but after looking over the taxes, I don’t think it will be a good investment.
@@lon4930 True taxes are high
No good for short term rentals as well as non residents? It taxes would be the same as for residents?
It really made no sense to me when he said ''It doesn't matter whether I'm right or wrong, whether the market goes up and down. I'm good regardless''. People are really losing a sh*t ton of money out here. I personally have been buying stocks since the beginning of the year and yet nothing's changed, but I've been reading articles of people still in the same market pulling off over 350k in just a couple months. Its tough out here!
Agreed! I first contacted a Financial Analyst because these days, it's easy to buy into trending stocks, but the task is knowing when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. I’m currently 60% up in profits just in 5months with my initial capital of $160k
Sure. Jenny Pamogas Canaya a well-known person in her field, is my advisor. I got to know her through my wife. It's my wife that has her number, but you could further investigate her credentials and contact her yourself.
???
😂@@saveandinvestwithgiorgiolo8375
stop spamming the comments section with these lies and nonsense.
You are one of the most underrated investment consultant on youtube! great info.
Thank you very much Naman
@@saveandinvestwithgiorgiolo8375 Sir what's your view on investing in Vineyards in Italy. Perhaps, developing a vineyard with a hotel/resort for tourism ?
@@namanagrawal5223 I think this would be more of a lifestyle change. It is an area where you need to do a full investigation of what the supply/demand in the are you want to invest in. However there is still a lot of room for tourism to grow in Italy so if you do your homework it can be a good investment as well as lifestyle change
@@saveandinvestwithgiorgiolo8375 My question was rather in terms of the value of a vineyard, to be specific, would it be an appreciating asset or a depreciating asset?
Thank you for an informative and realistic perspective that doesn't romanticize the situation.
Thanks MaryJo. I think Italy is more of a lifestyle purchase. I would say though prices are now even lower than when I made this video
Yes, Real Estate/Housing hasn’t been hyper-commoditized like in the US Casino Capitalism System to the point of creating a massive overvalued housing bubble that can crash the national economy.
Thanks for your feedback Amy
@@saveandinvestwithgiorgiolo8375 Thank you for the insightful video. The comment is not one of anti-capitalism; it’s one of fiscal moderation and concern of the risks of putting an entire economy’s eggs in one basket. To take a moderate stance in today’s binary world of absolutes seems to be an increasingly lonely place.
@@amyhogarten5038 Always happy to hear other peoples points of view. Feedback is always appreciated
Giogio you're right about the real estate market in italy. Taxes are really really hight because the italian government think a house is a luxury thing so if you had more than 1 home your gonna pay taxes for the one which is rented. I know this because I'm from Italy but my question is how do I get started with real estate in another country while I'm living here in Italy? If someone knows something about I asked please let me know
You can start with smaller investments with different crowdinvesting platform. Most of them operate in eastern countries with good growth potential
Do you have any thoughts on Lucca, Italy as a short term rental property investment?
How refreshing to have someone like yourself deliver such useful information so succinctly! I wish more content creators would follow your example. Thanks for the very valuable insights 🎉
My pleasure and thank you for your feedback.
Property buy in your YT for not European Union citizens is 15% or for non-EU citizens is 15%? Do you think Spain is any better?
I love Italy and have Italian heritage, but-after seeing this video-with a heavy heart-I will need to put my dream of owning an Italian home to permanent rest. But I thank you for this video!
THANK YOU VERY MUCH FOR YOUR HONESTY. AT LEAST, I KNOW WHERE I STAND IN TERMS OF WANTING TO PURCHASE PROPERTIES IN ITALY BUT NOW AFTER WATCHING YOUR VIDEO I WILL DIVERT TO PURCHASE THEM IN OTHER PARTS OF EUROPE IN FEW YEARS TIME ,WHEN THE TIME IS RIGHT. I LIVED IN ITALY IN THE PAST FOR 2 YEARS.
Hi Valerie. Thanks for your feedback. Italy is a bit more of a lifestyle purchase and there is nothing wrong with that but I think long term there are better places to invest in real estate. One positive since I made this video is that Draghi has become Prime Minister and that can only be a good thing for Italy and real estate in Italy
@@saveandinvestwithgiorgiolo8375 Thank you very much.
What’s more, notice periods are normal, but in this area the execution of serving a notice is much more difficult and complex in uk for example
Agree fully. Unfortunately far too many countries are pro tenant without taking into account that more often than not the landlord is taking a risk especially when they have a mortgage on the property
Excellent points. The geo political and economical pitfalls make Italy and very poor option for investment. But I’m looking at retiring in Italy but am concerned with unloading the house 10-15 years down the road. Thanks.
Thanks for your feedback Gary
4yr tenancy term quoted is accurate BUT shorter term tenancies can still be done - state duration on contract. shorter terms lettings are usually furnished with at least a kitchen.
Yes true.
Subscribed. Great info,. I was planning to buy a vacation home in Lake Como and rent it with Airbnb, your thoughts Please
what about buying a vacation rental in the south as an air b and b? tourists will always come to Italy...I would like to buy a primary property in the north and a vacation apartment in the south to rent out.
Yeah do it as its all the time fully booked
Hello , i’m a foreigner and was thinking to purchase a property and make it our families vaca home plus do short term
rental like airbnb as i have one already in USA . Purchasing and making it our families vaca home and short term rent how will it do ? Italy get tourism all yr round and i see airbnb is more expensive then other places abroad .
Thanks for sharing, really informative video. I am currently living in Italy and was thinking about buying but really worried about bureaucracy here and the political environment. If they don't agree on a real plan, that money from stimulus will be lost and they will have to pay it back by charging higher taxes in the future. Also noticed prices and cost of living are still not reflecting the reality of the economic situation today. I talked to older people and they told me that even at the past crisis in Italy and globally, the market starts to react very late to it on average a year or so. Italy is a beautiful country but I hope that they will take the right steps to save it.
Thanks mo man thanks for your feedback. I hope Italy will take the right steps as well. Prices are still to high in many parts of Italy but I have noticed prices dropping in other areas. You are right Italy is a beautiful country.
@@saveandinvestwithgiorgiolo8375 Hi, what do you think of buying a house in Pescia, Pistoria? My good friend lives there.
If anybody is interested in analysis of a particular Italian city e.g. Rome/Milan or a particular region please let me know. Thanks.
IAM still waiting for Turkey review, please, do it
I would love more analysis of Italy, especially of the northern cities.
@@ValoreAcademy I will definitely do more analysis on Italian places in the future
Thank you for the information. I’m interested in Calabria and Salento .
I am interested in an analyses of the real estate in Lazio, by the sea, closer to Rome... for s summer vacation home, which in time, it would also mean relocation.
Where should i buy then?
Im looking for investment properties, lifestyle also but less important since i would rent the place most of the time.
I live in Europe and interested in cities in or very close to eu.
Are Dublin, Dubai and Berlin good options?
Also Valencia, Alicante, Trieste, Zagreb, Pula?
where in Europe in your opinion is a good place to retire and buy a modest home. in sunny weather most of the time.
Thank you.
Sal
Hi Sal there are some cheap areas in South Spain where you can buy quite cheap property e.g. Murcia region and the weather is sunny most of the year. You could perhaps consider the Albanian coast ( I did a video on this) where you can buy sea view apartments for less than 1000 Euros per square meter e.g. Vlore. For weather purposes Spain would be better but for combination of Sunny weather and investment potential I think the Albanian coast is probably better
Turkey
@@Just_passing_through23 Thank you for your feedback
There already is more pensioners than workers. You buy in Italy for tourists.
Yes agree not for long term lets
Not going back to the lire regardless Genoa is one of the best places ever to buy maybe not invest to make money but amazing affordable place to own
Sam I actually did a video about buying the best places to buy on the Italian Riviera and Genova came top. Agree an amazingly cheap city to buy property.
Rental income tax is 21% flat tax
Airbnb income is high is high tourist areas like lake Como
Just brought a property in Italy and I have to say it was a pleasure. With properties at such a low base it's a great investment for starting out. If you only used it as a holiday home and you get to use it often enough it will pay for itself in no time. Buying for the lifestyle❤🇮🇹
Italy is all about lifestyle not investment but who knows in future you could see some appreciation especially in Turin where prices are very reasonable.
I want to buy as a second home what I am expected to pay
Depends where you want to buy.
In your clip, you referred to Bulgaria. I would like to further elaborate that while Bulgaria has an income tax rate close to 10%, the prices of equivalent real estate costs are approximately 20% to 50% higher compared to France and Italy. Pound for pound, France would be considered the optimal choice, followed by Italy. Bulgaria, on the other hand, ranks lower on the list due to its relatively lower quality, higher prices, and significant reconstruction costs attributed to labor quality.
A confused answer. Real estate prices in Bulgaria are much lower than France and Italy.
@@saveandinvestwithgiorgiolo8375 ...you don't know what you're talking about I have four properties in Bulgaria. I do know what I'm talking about.
@@yanbu000 In what way do I not know what I am talking about?
@@saveandinvestwithgiorgiolo8375 Говоря от гледна точка на живеенето тук в продължение на 16 години, притежавам общо пет имота, от които четири все още притежавам, и всеки един от тях е напълно реновиран. Разбирам пазара на недвижимите имоти, понякога невероятните сложности при ремонта и как да работя с много трудната култура в България. Коментарите във видеото забравят някои от абсолютните ключови проблеми при извършването на нещо в България и разбирането за прекомерното ценообразуване в страната. Важно е да се осъзнае, че основната икономическа система в България се базира на недвижимите имоти. Недвижимите имоти са като злато, така че всички правила се въртят около тях, което добавя допълнителна сложност, която западноевропейците или не могат да осъзнаят, или не са готови да разберат, или избират да презират. 💰💸💲💵🤑🏦📈📊🤑
Many thanks for your honesty, which is a very rare commodity these days!! Do you have thoughts and advice on other countries?
Many thanks Alan. I have covered a number of countries on this channel. Please do not hesitate to check out the videos
You can also make your investment in Coin Trades Limited and earn passive interest on daily to weekly basis
what are they ?
Reliable investment platform
Adrian can you please stick to the subject
Ryan can you please stick to the subject
@@saveandinvestwithgiorgiolo8375 ok sorry
Giorgio, how to send you private messages from US to your place in London?
Good advice. My parents got my italian citizenship for me when i was a child. I live in canada and have never bee there. We will vacation there his coming summer though. If i move my family there, do you think there would be less red tape as an italian citizen to live there and have a rental property ?
If you are an Italian yes there will be less red tape, Be careful with long term rentals as it can be very difficult to evict an Italian tenant.
@saveandinvestwithgiorgiolo8375 so short term Air bnbs are fine? Do you know what's considered long term?
In italy there are this kind of problems.. but they are in the prices (if you compare the Italin price with Paris or NL you see it very well..). If in the future Italy will solve just some of this problems the prices will go up
Andre thanks for your perspective. I do feel Paris is overpriced and a bad investment as well (I made a video on this). I would love to see Italy solve some of its problems but how it is a very old population with a low birth rate a high debt ratio and many youngsters ambition is still to have a state job so they do not have to work hard for their salary
@@saveandinvestwithgiorgiolo8375 italy has many souls inside, from north to south and this is reflected in the real estate market.
The north of Italy is responsible for a very big part of the gross domestic product and in the north its young people have no ambition to get a state job. In the south the cost of living is very low and therefore many aspire to a state job because it is enough to live well and in peace. The North therefore has a better economic development. But the south is an excellent tourist destination. The center is a mix between these realities.
I would like to correct some of your points:
a) Italian taxation on residential property is 20% if you use the flat tax. It reaches 10% if the rent is below a certain threshold ("agreed rent").
b) Italy has a drop in births but is in line with other European countries. Germany has a worse birth rate.
c) italy offers to the wealthy of other countries to pay a fixed annual fee of 100,000 euros and have 0 taxes on worlwide earnings. In doing so it is attracting millionaires from all over the world (the most famous case was C. Ronaldo). This has helped to push the market in Milan
d) loans can be obtained at an interest rate of 1.5% for 20 years
e) rents do not change easily but the rental market does not tend to move much, so in general it is not perceived as a problem
f) Italy offers a perfect climate, nature, food, beauty, at a very reasonable cost compared to other European capitals. All these aspects will count more and more in the post covid, and with the smart working
g) the debt is under control even if high: today Italy pays less than 1% at 10 years. Italy enjoys strong support from the European Central Bank
h) the indebtedness of its population is very low, and Italians have a high level of individual wealth, the opposite of what happens in the Netherlands
i) according to UBS, Italy is very good to invest in the real estate market (they refer to Milan): www.ubs.com/content/dam/static/emailer/2019/sept/BR-108576/global-real-estate-bubble-index-2019-global-version.pdf
@@laetussanta Thank you so much for this analysis. Sorry I only just spotted in. I agree with a lot of if not all of your points.
@@laetussanta don't tell everyone. 🤫 Let's just keep it between us for now.
Very honest and informative. No wonder selling prices are so low. Which European country would you suggest as an alternative for a non EU resident (with competitive pricing)?
Thank you Varun. Bulgaria, Poland and Estonia are definitely worth a look. I have made videos on all these countries.
@@saveandinvestwithgiorgiolo8375 Thanks. I'll definitely check them out!
What about a plot of land?
Dear Giorgio, thank you for this video! Do you have a similar video question - I already watched the video about why dont buy a property in Portugal? Thank you!
Thank you. I don't really understand the question you are asking. Thanks again.
What about houses meant for own use/vacation rent ?
It really depends on the city/area. I have done videos on Turin, Rome, Naples, Milan and Calabria which could be of some use. Calabria is incredibly cheap (in particular Scalea) and I think Roma/Turin are good if you are considering cities.
@@saveandinvestwithgiorgiolo8375 What about Venice ? What are your thoughts on that part of the country ? Thank you!
Location location location
Who wants to live in Bulgaria or Colombia
Hi Doug Bulgaria and Colombia are beautiful countries in which to live. Unfortunately media coverage in the west does them no justice.
As a South American I would not recommend Colombia.
Hi! You know I've been meaning to buy an appartment in Italy (Pavia inparticular) and I was looking at how property price has degraded over the past 8 years or so. Something like 26%. You're literally the only person on TH-cam that confirmed my doubts!!
Now I came to Italy as a student and I'm going to be here for at least 6 years (medicine) so I thought that instead of paying a monthly rent of £400, bills exclusive, to the university residence for a studio, I can just buy something small (50k roughly) and resell it after I'm done. Do you think this is a good idea? Thanks alot
hello, i'm italian, i live in lombardy (near milan and pavia too) and i can confirm all the thing that giorgio said.
Some exception for milan (financial core in italy and the highest economic expansion city) and some university towns.
My girlfriend had studied in Pavia for 5 year, in rent apartment and it cost her about 5500€ per year in solo and like 4000€ with friend in smalls apartment not far to university.
I think if Covid will not definitively change the world and approach to study and culture, a small apartment in Pavia (just like you said around 50k, if you find near university) still be a nice investment.
Sorry for bad english and have a nice time in italy :)
@@kiyoshi8361 Hi!! Thank you so much for your lovely comment ❤
I am sure many people have the same thoughts as you. Been resisting the urge to look though all the nice properties being put up for sale since I am not ready to buy yet 😆
Btw, I stayed for a while in the rural part of Pavia.. And I absolutely loved it.
Do update here if you found a property and also your experience!
@@elixues Hi! I did actually end up buying a flat in the Pavia province at the town of Voghera. It's a small property of 60m squared for €32000 (inclusive of all fees). It is 15mins by train to my university so a great discount to the rent I would have paid to university residence during the 6 years. The notaio covers your back by checking it is free of any legal/financial liabilities so nothing to worry about. You would need a registered translator if you don't speak italian well. Best of luck to you 😄
Thanks Sufian. You should really only ever buy in Italy as a lifestyle purchase rather than an investment
Giorgio what are your thoughts on a guy me 50 wanting to buy one of the 2 euros homes? I have applied to various councils in Italy offering this deal. However, I have never heard back, realise it is a fragile market, but feel it truly is the only way I can get my hands on a home. And yes, Ill put money into it and move over and invest into it, if it were to happen. Its a lottery...but hey I am still hopeful. I don't want to rent a property, just buy renovate, and move in to it. What are your thoughts, do you know of any contacts I could try. Many thanks in advance.
Have you ever considered places like Scalea in Calabria where you can buy apartments for as little as 30,000 Euros or perhaps or other parts of Calabria where you can sometimes buy houses for a similar amount of money. I have done two videos on Calabria and one on Scalea. You have my sympathy when dealing with Italian councils.
These are speculations. You're talking 'if' and we also don't know 'when'. Who knows what gonna happen in 10, 20 years.
You can make predictions given current trends. Of course things can change.
In 2023, most of the same concerns are true for Spain, who just passed another bunch of lies that do not favor landowners. I just wonder if it’s true also for Portugal.
Yes unfortunately Portugal is going that way with the end of the NHR program in 2024 to add to more restrictions on airbnb and the Golden Visa Program.
So which countries are the best countries to buy and invest in?
Grace please watch my other videos e.g. on Bulgaria Panama Estonia etc
USA!
Thanks for sharing all this information. Do you think the situation is still bad for an investment, since your video is 3 years old?
We are thinking to buy in Palermo to run an Airbnb.
Things have improved over the last three years however I don't think Italy is an investment opportunity. Palermo though is an amazing city with very cheap property and I think you will do OK if you run an airbnb there. You may like the video I made on the best ten places to buy property in Italy. Link is below.
th-cam.com/video/JW_zVlTQ_FY/w-d-xo.html
Regarding the broker's fee, should you decide to buy a home in Italy, you said the fee is split at 3 percent each, for buyer and seller = 6 percent total...is that still the case? I heard the buyer pays the full broker's fee at 5 percent. Could you clarify/explain or update? Thank you!
In most cases the agent takes a fee from both the buyer and the seller usually 3 per cent.
Thanks, Giorgio, very informative and brief!
Many thanks I am pleased this video helped
I appreciate your input Giorgio! If not Italy for investment then where else would you recommend? I have a friend who wants to own apartments in Croatia, I know you are big on Bulgaria. Where would you put your money if lifestyle and ROI are important? Sounds like Italy is all about lifestyle.
What about AirBnb ?
Can it be invested in Italy via airbnb?
You can do AirBnb in Italy. A number of cities including Venice and Florence have talked about restricting it.
@@saveandinvestwithgiorgiolo8375 Im looking serious about investing with airbnb !
And to move to italy as well!
I just subscribed. Thank you so much. your research and time are much appreciated. May I please ask your thoughts about Greece? thanks again stay safe
Many thanks Maria. I will be making a video on Athens in the not too distant future
@@saveandinvestwithgiorgiolo8375 wonderful! Brilliant! Thank you!
@@mariapierce2707 My pleasure
How much do they pay for property taxes?
It depends where you live in Italy.
I don’t agree with rental yield percentage quoted, this largely will depend on your bargaining capability
Ajaz in general rental yields in Italy are low.
It is about how much the property is worth and if the property has gone down which is what we are seeing definitely a low
Yield.
@@saveandinvestwithgiorgiolo8375 As an Italian real estate investor I disagree. Even in the largest cities a 5% is doable. If you move out of them you can even buy things which yield 8-10% a year. I don't think properties will go up in value, but the yield is already high. Add the possibility of buying stuff with 20% down and witrh a 30 years 1% fixed interest... Not sure they have these rates in Cambodia. I also disagree on taxation which is 10-21%. I agree on some of your other points but I guess they are already priced in.
@@intuitivediane Thank you for your feedback
@@giacomocavicchioli5840 Out of interest where are you invested in Italy. In the biggest cities in Italy such as Rome and Milan it is extremely hard to get 5%. 8-10% sounds too high. I have yet to come across this in Italy
What about a timeshare in mountains?
Not an investment opportunity in my opinion.
tax argument is incorrect, i believe, if you are not a citizen, you pay tax in your home country, not italy, so that 23 percent thing is wrong
How much are the tax rates if you buy a house as a foreigner? How much do you pay when you buy in and then how much yearly if anyone knows?
I will do a video on this topic very soon.
Thanks so much for sharing your wisdom! Very grateful!
Thanks for watching.
Mostly agree but two points were not accurate: pretty much all western countries are facing the same issues regarding old people and the pensions, however those who are basically government-funded Ponzi-scheme like pension system are going to suffer the most: Spain, Portugal, Italy, France, Germany, Greece. This is not an issue of Italy specifically, however the lack of flexibility in the job market, high government spending and high taxes are not going to help in the future.
Second point is the Eurozone: it is a mandatory condition that European countries must use Euro in order to be in Europe. There is no way out in this sense. If a country wanna leave the Euro, they should leave Europe as well, which is unlikely to happen in Italy. All counties in Europe are enforced to adopt the Euro in the upcoming years, however there is no strict deadline in this sense.
Many thanks for your feedback Tom A. I agree these issues are not specific to Italy. It is not mandatory for countries to use the Euro in the European Union. Although most are going that way.
Giorgio sei italiano? Mi chiamo Francesco piacere
I am living in italy right now and i desperately would like to get involved in real estate investment.. What country should i go to do it?
Ciao Francesco come stai? Sono Italo Londinese. The country you go depends on a number of factors e.g. budget, level of risk aversion etc. I think in Europe at the entry level Varna/Sofia in Bulgaria are good places to invest. Some of my other favorites are Tbilisi in Georgia and Tallinn in Estonia. I have already made a number of videos on my channel you can watch. Grazie
Depends where in Spain. Certainly not Barcelona.
@@saveandinvestwithgiorgiolo8375 From what i see Bulgaria is very politically unstable country
@@alanmillington942 In what way may I ask?
How about property in Spain and Portugal please reply
Kamran please check out my videos on Lisbon, Porto and Madeira. I only recommend Spain as a lifestyle purchase but not in places like Mallorca and Barcelona. I have done videos on these places as well
Very valid points, I’m in complete agreement with you, but what if I’m an Italian citizen ready to retire soon hopefully in Italy, I need a property to go live in it.
Any suggestions?
vsabella that is an entirely different matter compared to investing. You could consider renting at least for a time to see if you like the area you are considering retiring in. It is better to retire in the south e.g. Puglia where property and cost of living is cheap and the weather can be good even in winter. Unfortunately the north is very expensive. Thanks
Calabria. You can buy a place for $40,000+. Depending on your needs, there are many very affordable villages in the south. Tuscany and Amalfi totally, almost laughably overpriced. Really any lesser known region you can find reasonable deals.
Agree Giulia Tuscany and Amalfi coast very expensive. Calabria could be interesting but I would also recommend Puglua
Isabella, if you are going to retire, first of all find a place with a good health care system. If your pension allows a decent lifestyle, I would recommend Northern Italy. Many people from regions like Calabria go to North to receive health care treatments
Thanks lot for the info you have been providing much appreciated
My pleasure Hassan
Very interesting to hear 'the other side of the coin'! There are TH-cam videos that romanticise doing up italian ruins, it can end up being astronomical and a very bitter experience. Some of those people run businesses (contacts for sale, for lawyer, for architect, for language lessons), they make it sound easy. If you have money to burn it can be a wonderful life experience, but not for regular people, let alone people going in the hope they will be able to 'pick up work'!
Thanks for your feedback w m. I also made a video on One Euro Houses in Italy which I believe these to be a bad investment. I agree finding work in Italy is very hard especially in the south. If you are going to buy in Italy why not simply buy an apartment in Calabria by the sea for 50,000 Euros. I intend to make a video about this.
Really appreciate your videos … have you done a video on this idea - Calabria by the sea? I’m facing huge life changes age 45 and want to go to Italy to study and eventually apply for elective visa to retire so have a 5 year plan. Your video would help so much xx
You mentioned non resident multiple times. As an italian resident, do the things change?
Hi yes you pay a lot less stamp duty on purchasing the property (7% as long as it your only property) and the ongoing costs are cheaper e.g. you do not pay council tax
@@saveandinvestwithgiorgiolo8375 thanks a lot.
@@user-nb1lt5zr1m Glad to have been of help
Truth...I like it. Good job Giorgio!
Thanks Bamm Bamm
Short to mid term, still decent returns available especially if a deal can be found
In which party of Italy?
can the same statement be used for spain aswell?
Frank in general yes. Spain like Italy is more of a lifestyle investment
Wow. I was looking for property in Italy but wasn't commiting because I have not done more homework. You just did a lot for me. I'm selling my land in Panama, Is good here, but I just want to live in Europe for a while.
Hi Regina so pleased to have been of help.
You can rent in Italy depending on where you go it is not too expensive
@@saveandinvestwithgiorgiolo8375 I want to stay in a small town near Naples.
Any particular town Regina
@@saveandinvestwithgiorgiolo8375 I was thinking of Formia in Latina Province, and/or southest of Naples Domenica. Not a whole lot of real estate available for sale in Formia though....bu I was planning on renting first, because so many relocation experts like you advise
Rental increase and 4 year terms are why we keep our condo empty while we do not visit.
Gino I do not blame you at all. Unfortunately I know of too many cases where property has been rented out in Italy and the tenant has not paid.
@@saveandinvestwithgiorgiolo8375 wow not
Good
Hello sir I like your video 😊
I'm from India, how can I buy land in Italy please suggest me
Okay i’m Italian and i invest here in real estate, maybe you don’t know many laws, it’s not your fault you just don’t live here but let me explain it to you.
Actually you have multiple ways to rent out here.
You can buy near American bases and there are a lot of them, the rents are pretty high.
You can rent short term for example and make good returns, speaking about taxes it depends, it can go from 10% to 21%
Hi Silvano, I do live in Italy for part of the year. Of course there are sometimes some exceptions but this particular video covers Italy in general and unfortunately issues like de population, high government debt levels and red tape are prevalent.
As a general rule, I would go along with not buying property abroad. I have property in Thailand that I bought to please my partner and wish that I had not. Too many complications.
Bob yes there are definitely complications but it can be rewarding as well. I hope more people watch my 2 videos on the comprehensive guide to buying abroad as I think they will help
Hello, thanks for sharing your knowledge. Everything you say in the video, does it pertain to rentals only? Would you recommend renting over purchasing as a primary residence in Italy?
Carmine it depends on your circumstances. Generally if you buying as a primary residence and not as an investment it is better than renting.
So, in which country should one buy real estate?
Please check out other videos about on my channel
So, do you think the conditions have improved since you posted this?
Steve yes they have improved. I still think though that Italian Real Estate is still more of a lifestyle purchase than an investment opportunity.
Thanks! I have few years to go until we can use something enough to make it worth owning, VRBO is cheaper for now. Sounds like the prices should be stable or even lower by the time it makes sense to buy something.
Thanks for all of this information I've just found it! Very interesting indeed and straight to the point very sound reasons too! 😁
Thank you for your feedback Liz
@@saveandinvestwithgiorgiolo8375 what about land I've seen some nice olive groves for sale for 15.000 euro we are not looking to build we go over there several times a year so I wandered to invest in some land thank you .I think it's about 2000 euro fees would I be on the right track at that figure thank you
Very well spoken. Thank you for your insights.
Many thanks. Like the name of your channel
Thank you very much. It was one of the most straightforward and in depth explanations in such a short video. What do you think about buying a house as your own family home though? I'm about to move and work in Milan and I thought about buying one around there probably in nearby cities(my wife is Italian). Would it still be a better idea to rent a house than buying one? Taxation and commission you talked about quite freaked me out..Again, thanks a lot for the information :)
Many thanks Taek. It depends on how long you are going to be in Italy. If it is for a number of years than I think you are better off buying rather than renting. Obviously if it were for a short period of time then renting is probably a better option. The good thing from your perspective is that since I made this video several months ago property prices have come further down so you could get a bargain and remember if you buy a property in Italy as your main residence (not an investment) and live for more than six months of the year in it you will pay stamp duty of only 2% of the cadastral value instead of 9%
I picked up a castle/ hotel dirt cheap here I love it living here
@@jeremiahjenkins4098 Prices have dropped in Italy so a good time to buy as a lifestyle purchase. Enjoy!!!!!
@@saveandinvestwithgiorgiolo8375 was listed at 50 mill euros before virus then it dropped to 35 I snatched it up for 21 mill euros and sold my house on Fisher Island in Miami
@@jeremiahjenkins4098 Well done. It is amazing even near the Vatican in Rome you can buy 2 bed apartments for under 450K Euros as you may have seen on my video on Rome
Well, I’m so glad I watched this. Thanks for the information 🙏👍
No problem Antonio. Italy in general is more of a lifestyle purchase.
@@saveandinvestwithgiorgiolo8375
So would you say it’s safe to assume that real estate and rental will continue to fall in the next decade? I would actually prefer to rent than own.
I got property in Italy its costing me 600
DOLLARS a year to hold and planning on retiring there
Good luck with that Sal. 600 USD is not very much at all
if you make it your first house, taxes on the real estate are 0
@@carlomagno7092 can you tell more about your buying experience in Italy?
Thank you for the advice very interesting
My pleasure
Great Video thank you for the insights
My pleasure
Most of your points are true for most other european nations, too. Italian real estate is a steal, that's why I'm moving there. Not as an investment but to live there.
Thank you for your feedback. Italy is definitely an excellent lifestyle purchase that is why I have made a number of other videos on the country. Good luck with the move
O.K another good job from you discouraging investing in Italy just like what you did for France. It is time to tell us where in Europe you think is good to buy a property? Also what country you are living currently? Just curious .
Bulgarian cities like Sofia and Varna, Bucharest, Budapest are amongst cities I recommend.
Good information. These issues will probably be to my benefit. I would like to buy a property for a vacation home and there are many beautiful affordable places. Id get an apartment with a doorman or front desk security so I wont have to worry about break-ins or squatters. I have Italian citizenship so the legalities should be easier. Thoughts?
Thank you very much for your input
Thank you spiderweb14
What if you have relatives there
Could you please elaborate.
Excellent advice - thank you!
My pleasure
True BUT in the very long term only
Hi Ajaz why do you say that. Thanks
Excellent breakdown . I am a retiree looking to relocate outside the US. Actually I would love to live there but it seems it. Is expensive . .
Rutherford there are some cheap areas in Italy especially in Calabria. I have done many other videos on property in Italy. Please feel free to view in my video library. Thanks
I’m very interested in buying a home in a small Italian town
Whereabouts in Italy may I ask.
Thanks for letting us know.
My pleasure
Sir is there any best European country where we can buy property or start business in $10000-20000
Hi Amit that is quite a tight budget. You may be able to buy a house in Bulgaria but it would be quite a long way from a big city. If you want to be nearer a big city perhaps a small studio apartment could work.
@@saveandinvestwithgiorgiolo8375 Thanks a ton sir, btw I can increase my budget to $30000. In this range which country will be good option ?
@@gymgazm have you tried investing into the foreign exchange market?, It's quite profiting when a professional guides you into making profits
I have come across different professional traders with the likes of Kristine Mary Lansing, Bryan Johnson, Amber Rodriguez etc. But I will recommend Kristine Mary Lansing because her services are top notch and sourced after.
You can do more research online about her and connect with her through her webpage
Thank you for providing reasons to consider not investing in an Italian property.
No problem Dane
I live alone in Italy, grew up here. I confirm that all these points are real. My flat Is near Udine , North eastern part. About the older population ... There's an 11th point more.
They keep the 80 percent of the nation funds Locked inside their bank account. Younger people here, as seen , has got a very low possibility of buying a new house.
So, you know, you cannot live with a a lifestyle so ... 100 percent Legit/rule respectful, you might need a lot more funds to live somehow . If you know what i mean, best, Fede
Thank you for your feedback Gallex. it amazes me that many very young people in Italy do not even have a bank account.
@@saveandinvestwithgiorgiolo8375 i usually don't like to complain, really... But covid showed us the real result of 40 years of job growth. The result? who is REALLY living good here are over 50 womans/mans that have ALREADY worked in the 75/90's (80%) ... Houses where 5 times cheap and they have worked without restrictions. Job was found, easily. Of course, now , the italian market grew up and... les jeux sont faits. Euro currency hits us hard, we have lost a lot of buying potential. The new and younger generations can go on ONLY if you have your family on your back that can "help" you (or live for you, maintaining the 50% of the university, food, flat rental or basic needs)... the others? Should i really talk about part time - working people in a flat? better no. But trust me... they're a lot. i am not complaining but just describing a little part of the situation. Here we are going away like my dear, loved Argentina (i really like that place)
@@fedeg91 Thank you for your feedback
Hi, found the video really informative.
Wanted to know your thoughts on the 1 euro houses in Sicily.
Thanks.
%Many thanks Kannika. Regarding the one euro houses in Sicily you have to considered the renovation costs/bureaucracy ant time needed to renovate. At the end of the project will you be able to sell at good profit or failing that get decent rental yields? Consider also extra taxes such as notary fees and 9% tax on deeded value if it is not your primary residence. I saw earlier in the year they were offering 1 Euro homes in Taranto a city in Puglia. I think this would be a better bet than a village in Sicily as they would have a decent resale value.
@@saveandinvestwithgiorgiolo8375 I'll look into it, thankss a ton!
@@kannikasahni4352 No problem at all
@@kannikasahni4352 I have done a video on this very topic
@@saveandinvestwithgiorgiolo8375 thank youu!
Thank you for this information!
No problem at all.
A bit out of date. Some advice needs to be re-cast and is not helpful to buyers of property to live in. Great comments - State Debt and Euro membership are totally unrealistic speculation. Reminds me of those in UK who said the Euro will collapse! From the UK with high property prices - the Brexit has put others off trying this mess.
Hi Roberto I have done many videos on Italy since this one. They are in my video library. I have also done a number of videos on Brexit Britain. Thanks.
I'm italian and everything you say in this video is 100% right.
Thank you/Grazie Ivan Ivan
Thank you for the tip!
My pleasure Mr Miss
Great video
Many thanks Chris
I don’t really agree the all video, because I understand from it that you’re quite comparing an investment with a speculation, that in general it’s highly recommended to avoid, for the costs and for the things you right mentioned in the video here… so, you can’t compare Italy with other countries more indicated for a speculative plan probably, like you say Bulgaria, not mentioning other countries where the taxes are quite the same if not higher then Italy…then, saying that it will come back to the Lira, you should wish that man, because the economy would be better, but that’s quite impossible…in fact! For the depopulation and the old people problems, how about Rome and Milan and ALL the cities around them? You know, you just have to consider all these factors with your team of experts, that’s how you should do your real estate business.
Hi Alessi thank you for your feedback. Subsequent to this video I have done other videos on Torino, Milano, Roma, Napoli and Calabria. The video on Italy has to be more generic. As much as I love Italy there are a number of problems that need to be overcome. Red tape, too many people working on high wages in the public sector, high debt, very low GDP growth rate and a very low birth rate are a few examples of these problems. Hopefully ''Super Mario'' can start to turn some of these issues around
rational good explanation of current factors ... its a good starting point thank you!
No problem Laura