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Thread: Can Australians Buy Property in Italy?

  1. #1
    Join Date
    Jul 2008
    Posts
    33

    Default Can Australians Buy Property in Italy?

    I am an Australian citizen living in Australia and I was hoping you could help me. We were looking at buying property in Italy, but I've read somewhere that Australians cannot buy in Italy due to an agreement in 1998.
    I just thought I would check with you if this information is still current - or is property purchase by Australians now allowed? (I was hoping the law may have changed!!!).

    Thanks,
    Ingrid

  2. #2
    Join Date
    Jul 2008
    Location
    Florence, Italy
    Posts
    2,835

    Default

    As far as we could ascertain, Australians still cannot simply buy property in Italy because of those reciprocity laws of 1998. Under these laws, an Australian individual can only buy property by taking up residency, which means getting a visa and a "permesso di soggiorno" for residency. The whole process is not a simple matter which can take up months and even a year or more. One way around this obstacle would be to create a company with at least one Italian partner since companies CAN purchase property. This set-up is not particularly difficult to arrange but we are not legal advisers or real estate agents, so please consult with an Italian real estate agent or commercialista that can provide further details.
    If you're interested in real estate in Tuscany or Florence, you can contact Pitcher and Flaccomio - Susan Pitcher is Australian and I am sure she'll be happy to provide further information on this area.

  3. #3
    Join Date
    Jul 2010
    Posts
    1

    Default Hi

    Hi Every one,
    I am Newbie for this forum and i have joined this forum for discussion and debate and i hope i will get full support.

    Last edited by DiscoverTuscany; July 3, 2010 at 05:50 AM. Reason: Signature is allowed after 5 posts

  4. #4
    Join Date
    Jun 2011
    Posts
    1

    Default

    Im Italian but i live in Australia, have a few properties here in Australia if i want to buy in Italy do i deal with a bank in Italy or here in Australia? Thank you ciao

  5. #5
    Join Date
    Jun 2011
    Posts
    73

    Default Buying Homes in Tuscany

    Ciao!
    If you're interested in buying properties here in Italy, then I suggest you contact the very competent real estate agents of the Pitcher and Flaccomio agency, or the Delta Italia Immobiliare, that you can find at this link.

    They are able to give you all the necessary information on the matter, also regarding the question about the banks.
    Feel free to contact us again for any other question,
    Ciao from Tuscany!

  6. #6
    Join Date
    Jul 2008
    Location
    Florence, Italy
    Posts
    2,835

    Default

    Ciao mplacidi,

    I think that as an Italian resident you shouldn't have any problems purchasing in Italy... and as far as banks, I think you shouldn't have problems using an Australian bank and making international transfers.

    Of course once you have an estate agent and the ideal property you like, the agent can give you all complete information about these details.
    What to see in Tuscany? Check out ideas on our main website DiscoverTuscany.com!!

    Stay updated: FOLLOW us on Facebook!

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