Cheap properties for sale in south of italy

Italy is a beautiful country - lovely people, good food and lots of charming hidden corners.
I love mainly the south of Italy. Why? Because first I was born there and second is "still" untached by modernity. There are corners, places and towns in Puglia, Calabria, Sicily, Molise and Abruzzo where you can still people working fields in the old way, riding a donkey and still able to enjoy their life for what it is.

There the family looks after everybody and things are simple as they used to be.
There are other reasons why I love the south of Italy, but this are enough reason to convince you to invest in abandoned properties that the local Italians do not want because they think are simply "old". While I think they are treasure of the past.

Prices for old farms with land are from 20,000 Euros to 100,000, all depends on how much work you have to do it to make it shiny as it was. Do not try to buy without the help of a local (preferably friend) - the Italian buroacracy can be very annoying, but there is always a way around it ;-)

Prices are cheap - yet - and the sun shines 10 months a year. There you can use all your environmental friendly skills and knowledge to use the sun and wind energy to make electricity and hot water; the rain water to collect water from the roof and avoid paying huge water bills (and remember water is getting rare and precious); the modern fireplaces to run the central heating water and warm the full house and create hot water for you bath and kitchen. Think about that…

And next time you watch the "A room with a view", think that you can still have all that - but only in the south of Italy.

Euribor interest rates fall again

Here is the news: Business finance news - currency market news - online UK currency markets - financial news - Interactive Investor: "Bank-to-bank euro lending rates cut fall bhelow 2.5 percent. The three-month Euribor rate fell to 2.453 percent from 2.510 percent, the one-week rate also eased, falling to 1.952 percent from 2.013 percent, while six-month Euribor fell to 2.531 percent from 2.572 percent."
Will this push the property market and the economy in Italy?

Italian Properties are not at risk

Credit crunch, what credit crunch? | PropertyIndex.com: "Unlike in Britain or the USA, there are no reports in the Italian news of national banks that are in imminent danger of subsiding. And due to strict planning laws in Italy, new builds are not the norm, hence there are no visible problems with oversupply – an issue that has ravaged the Spanish market for example."

Property for sale in Italy: No More property tax for first house

Property for sale in Italy: No More property tax for first house

Advice on buying Italy Property

What to check
International Property, Advice on buying Italy Property - Amazines.com Article Search Engine: "Enquiries must be made to ensure that the vendor has a registered title and that there are no debts against the property like mortgages or taxes and check the property has the relevant building licences, conforms to local planning conditions and changes have been authorised. Check for selling consent of all family registered owners and water supplies for countryside properties. Property Tax Income tax (IRPEF) is high in Italy and ranges from 10%-60%. Non-residents must submit a tax return stating the details of their Italian property, even though there's no tax to pay if no income is derived from rental etc. The standard rate of VAT is 19%, with reduced rates to a minimum 4%. VAT is payable on new properties at 9% for non-luxury property and 19% for luxury property. The local community tax or rates, ICI, ('Ichy') is paid by anyone who owns property or land in Italy, whether they are a resident or non-resident. It's levied at between 0.4% - 0.7% of a property's value, the actual rate being decided by the local authority depending on the size of the property, location, class and category. If a property is unfit for habitation it could qualify for a 50% reduction. ICI is paid in two instalments in June and December. Mortgages These are available from Italian banks"

Strong Euro and The Italian Property

Real Estate, The Strong Euro and The Italian Property market - Amazines.com Article Search Engine: "The Euro has performed very strongly against Sterling and the US dollar over the past 6 months or more. This has had the effect of increasing the price of property all over Europe, not just Italy by over 15% to buyers from the United States and the UK.

But how does this affect the plans of many from the UK who have planned to buy property in Italy in 2008? Houses and land for sale in Le Marche have increased dramatically in price over the last five years but they started out from a very low base, often the properties were virtually worthless to the owners and they had let them fall into disrepair."

British Buyers Breathe New Life into Renaissince

Italian Property Helps British Buyers Breathe New Life into Renais: "Recent years have seen an exodus of local Italians to towns and cities, where they can realise their preference for more modern housing. Italian Property, with its intimate knowledge of the area, has secured several stone farmhouses with spectacular scenery close to the medieval town of Città della Pieve and Lake Trasimeno, for restoration by British investors."