Buying Property in Italy: What You Need to Know Before You Invest (for Buyers from the US, UK, and France)

Why International Buyers Are Flocking to Italy

Italy remains one of the top destinations for real estate investment in Europe—and for good reason.

Why Americans, Brits, and French buyers love Italy:

• Affordable property compared to London, Paris, and New York
• Diverse lifestyle options: coastlines, countryside, cities, and mountains
• Strong cultural and historical appeal
• Favorable mortgage conditions and long-term investment value
• Easy access to the rest of Europe

Can Foreigners Buy Property in Italy?

Yes—they absolutely can. Italy places no restrictions on foreign buyers from the US, UK, or France. Whether you're purchasing as a non-resident or planning to relocate, the Italian market is open to you.

The Italian Property Buying Process: What to Expect

1. Find Your Ideal Property
Work with reputable agents who understand local markets—especially in regions like Tuscany, Puglia, Le Marche, Umbria, and Sicily.

2. Sign a Preliminary Agreement (Compromesso)
This legally binds the sale and includes a deposit (usually 10–30% of the property value).

3. Finalize the Purchase (Rogito)
Handled by a licensed notary (notaio), this is the official deed transfer.

Yes, You Can Get a Mortgage in Italy as a Foreigner

Contrary to popular belief, foreigners—including Americans, Brits, and French nationals—can get a mortgage from Italian banks. Here’s how it works:

• Loan-to-Value (LTV): Up to 60–70% of the purchase price
• Interest Rates: Often more competitive than in the UK or US
• Documentation Required: Proof of income, credit history, ID, and bank statements
• Currency Consideration: UK and US buyers may borrow in EUR or their home currency depending on the bank

At LikeJunco, we help buyers get pre-approval before they even travel to Italy, making the process faster and more transparent.

Understand the Costs and Fees

Aside from the purchase price, here’s what to budget for:

• Purchase taxes: 2–9% depending on your status (resident vs. non-resident)
• Notary fees
• Real estate agent commission (typically 3–5%)
• Legal and translation services (especially for UK/US buyers)

These can add up to about 7–10% of the property value.

Residency and Visas: What You Need to Know

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• US citizens: Can buy without a visa, but need one for stays over 90 days. The Elective Residency Visa is popular for retirees.
• UK citizens (post-Brexit): Need a visa for long stays, but property ownership is unaffected.
• French citizens: As EU residents, the process is even simpler—no visa needed to live or buy.

Work With a Local Expert You Can Trust

Buying real estate in a foreign country can feel overwhelming—but with the right team, it’s absolutely manageable. At LikeJunco, we help you:

• Secure financing with Italian lenders
• Coordinate with real estate agents and notaries
• Navigate legal and tax requirements
• Purchase with confidence—even from abroad

Ready to start buying property in Italy?
‍Whether you're in New York, London, or Paris, our team is ready to help you take the next step. Get in touch with us at LikeJunco for a free consultation.

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