SeiMilano
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Overview
A 540,000 m² new neighborhood in West Milan, which will include apartments, offices, and a 16-hectare park.
Building/Community Amenities
- Air Conditioning / Central A/C
- Balcony / Patio / Terrace
- Business Center / Co-working Space
- Elevator
- Garden / Courtyard
- Heating
- High-Speed Internet / Wi-Fi
- In-Unit Laundry (Washer & Dryer)
- Kitchen Appliances
- Near Public Transportation
- On-site Retail / Shops
- Park
- Parking
- Party / Event Room
- Playground / Kids Play Area
- Restaurant (On-site)
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Foreigners can legally buy property in Italy, with the process being straightforward for EU citizens and slightly more involved for non-EU citizens.
Tax Considerations
Property Taxes
property taxes, known as IMU, vary based on property value and location
Transfer Tax
Purchase tax ranges from 2% to 9% depending on residency status and property type
Inheritance Tax
Capital gains tax applies if the property is sold within five years of purchase, at a rate of 26%
Important Considerations
Restrictions
- There are no specific restrictions on the ownership of residential property by foreigners, making Italy accessible for international investors.
Required Documents
Financing Options
Financing Options
Financing in Italy
Italy offers an attractive landscape for property financing, especially for foreign buyers, with a variety of mortgage options tailored to diverse needs. Typically, Italian banks offer loan-to-value (LTV) ratios ranging from 60% to 80% for non-residents, making Italy an enticing destination for international investors. The country's stable economy, coupled with competitive interest rates, enhances its appeal. Whether you're buying a rustic villa in Tuscany or a modern apartment in Milan, understanding the nuances of Italy mortgages is crucial for securing favorable terms and making the most of your investment.
Requirements for Foreign Buyers
- 1Valid passport
- 2Proof of income (e.g., payslips or tax returns)
- 3Recent bank statements
- 4Credit history report
- 5Property appraisal report
- 6Italian tax code (Codice Fiscale)
- 7Proof of existing assets or financial stability
