How a purchase works in Italy
Buying a property in Italy follows a well-worn path. The details depend on the property and on the people involved, but the main steps are usually these.
- A tax code. Every buyer needs an Italian codice fiscale. It can be requested at an Italian consulate abroad or from the tax office in Italy.
- The offer. A written proposal to buy, often through an estate agent, usually with a small deposit. Once the seller accepts it, it can already be binding.
- The preliminary contract (compromesso). Price, timing and conditions are fixed, and a larger deposit is paid. Here the rules on what happens to the deposit if either side withdraws matter a great deal.
- The deed (rogito), signed before a notary, who checks title and registrations, collects the taxes due and registers the transfer.
If you cannot be there for the signing, a power of attorney drawn up before a notary or at an Italian consulate allows someone else to sign for you.
Who does what
- The estate agent brings buyer and seller together. In Italy agents are usually paid by both sides.
- The notary is a public official, not your adviser. The buyer usually chooses the notary.
- A lawyer, if you want someone to review the contracts and look after your interests alone.
- A technician (architect or surveyor) to check that the property matches the approved plans and the land registry. Differences are common in older buildings, and it is far easier to deal with them before the preliminary contract than after.
- An accountant, for the taxes on the purchase and, later, on owning or letting the property.
What to check in person in Venice
- Water. Which floor the property is on, how the building behaves at high tide, and what has been done to protect it.
- Access. How close the nearest water stop is, whether there is a water gate, and how furniture and building materials can be brought in.
- The building. The condition of the roof, the foundations and the shared parts, and whether major works are planned or under way. Ask for the condominium’s recent expenses and minutes.
- Protection. Whether the building is listed, which affects what can be changed later.
- Light and noise. Visit at different times of day, and in more than one season if you can.
Where a local representative helps
A buyer abroad often relies on photographs, a video call and the agent’s account. A local representative can visit for you, more than once, with your questions in hand; sit in on meetings with the agent and the notary; coordinate the technician and the lawyer; and send you a clear report before each decision.
This is general information, not legal or tax advice. Your notary, lawyer and accountant will confirm what applies to your purchase.
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