Accommodation Italy

Long-term Rent

 

Housing Search

   - Online Platforms: Popular sites for searching long-term rentals include Idealista, Immobiliare, Casa.it, and Subito. These portals aggregate listings from private owners and agencies, providing information on rental costs and available options throughout Italy.

   - Real Estate Agencies: Consulting an agency can be helpful, particularly if you do not speak Italian. Agencies assist in finding housing, negotiating with owners, and providing legal support. The standard commission is one month's rent.

How to Find Accommodation Directly from the Owner

 

- Social networks and groups: Social networks such as Facebook have groups dedicated to renting housing in various cities of Italy. Announcements from owners are often published here.

 

- Local newspapers and magazines: Local print publications often contain announcements about renting accommodation. This can be useful, especially in smaller towns and villages.

 

- Recommendations and acquaintances: Turning to friends and colleagues can also help find housing directly from the owner. This is especially relevant for those who already live in Italy and have social contacts.

 

Documents

   - To rent housing, you will need a passport or ID, a tax code, and proof of income (pay slips or a tax declaration). Non-residents must also provide documents confirming their legal stay in the country, such as a visa or residence permit.

 

Types of Contracts

   - 3+2 years: A rental contract for three years with the possibility of extension for another two years.

   - 4+4 years: A contract for four years with the possibility of extension for another four years.

   - Transitory contracts: Contracts for up to 18 months for temporary stays.

 

Rent and Deposit

   - The amount of rent depends on the region and type of property. On average, rent in major cities is higher than in rural areas. The deposit usually amounts to two to three months’ rent but can be negotiated.

 

Short-term Rent

 

Looking for Accommodation

   - Platforms for short-term rent: Airbnb, Booking, RentbyOwner, and other platforms offer a wide range of accommodations for short-term rent. These platforms are convenient for tourists and those coming for a few months.

   - Agencies and private owners: Turning to agencies or direct interaction with owners is also possible for short-term rent, especially in tourist areas.

 

Documents

   - For short-term rent, usually only a passport is required. Additional documents may be needed depending on the length of stay and owner’s requirements.

 

Rent and Conditions

   - The rental price for short-term rent can vary depending on the season and location. Utilities and internet are often included in the price. Some owners require a deposit, which is refunded at the end of the rental period.

 

 

Helpful Tips

 

- Property Inspection: Always personally check the property or arrange a virtual tour before signing the agreement. Pay attention to the condition of the property, availability of furniture and household appliances, as well as the terms of the agreement.

- Document Translation: If you do not speak Italian, make sure you have translations of important documents and contract terms.

- Legal Assistance: Consider consulting a lawyer to review the rental terms and assist in case of disputes.

- All rental agreements must be registered with the tax authorities, which confirms the legality of the agreement and provides legal protection.

Main Functions of a Rental Agreement

 

Legal Protection: A rental agreement is a legally binding document that protects the rights of both the tenant and the landlord. It sets clear rental conditions, including terms, rent amount, parties' responsibilities, and termination conditions. Having such a document prevents potential disputes and ensures legal protection in case of disagreements.

 

Proof of Residence: A rental agreement serves as official proof of your place of residence. This document is necessary for registration with local authorities (Anagrafe) and for obtaining a tax code, and it may also be required for opening a bank account or obtaining health insurance.

 

Financial and Tax Aspects: For the landlord, a rental agreement provides an opportunity to officially declare rental income and receive tax benefits. The tenant, in turn, can use the contract to receive housing subsidies and other social benefits.

 

Main Functions of a Purchase Agreement

 

Legal Documentation of the Transaction:

   A purchase agreement is the main document confirming the transfer of property ownership from the seller to the buyer. It includes all essential terms of the transaction, such as the price, property description, rights and obligations of the parties, payment terms, and conditions for transferring ownership.

 

Protection of Buyer’s and Seller’s Rights:

The purchase agreement protects the rights of both parties, ensuring the fulfillment of all conditions of the transaction. It also provides the opportunity to go to court in case of violation of the terms of the agreement by one of the parties.

 

Registration of the transaction:

The purchase agreement is necessary for the registration of property rights in the real estate registry. This ensures the legitimacy of the transaction and protects the buyer's ownership rights to the property.

In Italy, it is possible to rent housing directly from the owner without the mediation of agencies. This rental method has its own characteristics and advantages, and it also requires attention to legal and practical aspects.

 

Advantages of renting directly from the owner

Reduced costs: Renting directly from the owner avoids real estate agency fees, which typically amount to 10-20% of the annual rent.

 

Flexibility of terms: Owners are often more flexible regarding rental terms, such as the size of the deposit, rental periods, and the possibility of making changes to the housing.

 

Direct communication: Direct communication with the owner allows for quicker resolution of issues and problems, as well as the establishment of personal relationships, which can be beneficial in the long term.

 

Important aspects when renting directly from the owner

 

Legal verification: Ensure that the rental agreement is correctly drafted and includes all necessary conditions. It is advisable to consult with a lawyer to avoid potential legal issues.

 

Registration of the agreement: All rental agreements must be registered with the tax office. This confirms the legality of the agreement and ensures the protection of the rights of both the tenant and the landlord.

 

Inspection of the housing condition: Before signing the agreement, it is recommended to personally inspect the property, take photos, and make a list of existing furniture and household appliances. This will help avoid disputes regarding the condition of the housing upon departure.

 

Payment and deposits: Pay the rent and deposits only through traceable methods (bank transfer, check). This ensures transparency and protection of your financial interests.

 

 

In Italy, you can find housing with both furniture and without it. The choice between furnished and unfurnished housing depends on your needs, budget, and preferences. 

 

Furnished Accommodation

 

Main characteristics: Furnished apartments usually include a basic set of furniture: beds, sofas, wardrobes, tables, chairs, and kitchen appliances (refrigerator, stove, microwave). Some apartments may be fully equipped, including dinnerware, bedding, and even decorative items.

 

Advantages:

   - Convenience: No need to purchase and transport furniture.

   - Ready for moving in: You can move in and start living immediately.

   - Suitable for short-term and temporary stays, as well as for students and expats.

 

Disadvantages:

   - High rent: Furnished accommodation often costs more.

   - Limited options for personalization: Furniture and decor are already chosen by the owner.

 

 

Unfurnished Accommodation

 

Main characteristics: Unfurnished apartments are provided empty, without furniture and household appliances (except for a built-in kitchen in some cases).

   - Suitable for long-term living and for those who want to furnish their home to their taste.

 

Advantages:

   - Lower rent compared to furnished accommodation.

   - Ability to personalize the interior and choose furniture to your liking.

 

Disadvantages:

   - The need to purchase and transport furniture.

   - Additional costs for furnishing the home.

 

Useful Tips

- Check the condition: Carefully inspect the furniture and equipment in a furnished apartment before signing the contract. Take photos and make a list of the property’s condition.

- Contract terms: Ensure that the rental agreement clearly states the conditions for using the furniture and the responsibility for its maintenance.

Steps to Buying Real Estate

 

1. Obtaining a taxpayer code: This is a unique identification number required for all legal and financial transactions in Italy.

 

2. Opening a bank account: Necessary for conducting all financial transactions related to real estate purchases.

 

3. Searching for real estate: Use online platforms or contact local real estate agents.

 

4. Submission of a Purchase Offer: After finding a suitable real estate property, an official offer must be submitted.

 

5. Signing a Preliminary Contract: This contract includes all the details of the transaction and requires a deposit (usually 10-20% of the property price).

 

6. Final Transaction: Conducted in the presence of a notary, who verifies all the documents and certifies the transaction.

 

7. Registration of Property Rights: The notary registers the transaction in the local real estate registry, after which the buyer becomes the official owner.

 

Features for EU and Non-EU Citizens

 

EU citizens have the right to purchase real estate in Italy without any restrictions.

 

Non-EU citizens can purchase real estate if there is an international reciprocity agreement between their country and Italy. This means that Italian citizens must be able to purchase real estate in the buyer's country.

 

Taxes and Fees

 

- Registration Tax: Usually 2% of the cadastral value for the first property purchased from a private individual, and 9% for a second property or purchases from a development company.

- Value Added Tax (VAT): 4% for the first property purchased from a development company, and 10-22% for other properties.

- Notary Fees: About 1-2.5% of the property value.

- Real Estate Agent Services: Usually 3-5% of the property value, shared between the seller and the buyer.

 

Important Points

 

- Language of the Deal: All legal documents must be in Italian. If the buyer does not speak Italian, the notary is required to provide a translation and involve a certified translator.

- "1 Euro House" Program: In some Italian villages, houses are offered for a symbolic price of 1 euro, but the buyer is required to carry out major renovations within a certain period of time.

- Mortgage: Foreign citizens can obtain a mortgage from Italian banks, but terms may vary, so it is recommended to consult with a bank or mortgage broker in advance.

 

Purchasing real estate in Italy can be a complex process requiring knowledge of local laws and procedures, so it is recommended to involve a qualified lawyer and real estate agent to accompany the transaction.

In Italy, property insurance is not mandatory for all homeowners. However, there are certain conditions and situations when insurance becomes necessary or strongly recommended:

When insurance is mandatory:

Mortgage lending: If you take out a mortgage to purchase property, banks usually require mandatory property insurance.

Disaster insurance: As of December 31, 2024, a law has come into effect requiring companies to insure their assets against catastrophic events such as earthquakes, floods, and landslides. This law does not yet apply to individuals, but if you have used the "superbonus" for property renovation, you will need to arrange insurance against disasters within a year after completing the work.

 

When insurance is recommended:

Natural disasters: Italy is prone to natural disasters, especially in high-risk areas for earthquakes and floods. While state aid may be provided in the case of major disasters, private insurance can offer faster and more reliable compensation for damages.

Contents and liability insurance: Contents insurance covers damages to the property inside your home, while liability insurance protects you from third-party claims for damage to their property or health. These types of insurance are not mandatory but can be useful for protecting your financial interests.

In Italy, paying utility bills has its specific features, which are important to know for effective management of your expenses.

 

Main utilities

 

1. Electricity

   - Average cost: About 57 euros per month with an average consumption of 2700 kilowatt-hours per year.

Electricity bills can be paid through direct debit from an Italian bank account, at post offices, or via bank transfer. Many homes are equipped with electronic meters for remote consumption monitoring.

 

Gas

   - Average cost: On average from 119 to 140 euros per month, depending on the region and season.

Gas is mainly used for heating, water heating, and cooking. Connecting to gas requires a contract with a supplier. If gas is already connected, you only need to change the owner’s name to yours.

 

Water

   - Average cost: About 37 euros per month, however, the cost may vary depending on the region.

The cost depends on regional water resources and the policy of local water supply companies. In some areas, water is charged separately for large volumes, such as filling swimming pools.

 

Internet and TV

   - Average internet cost: About 30 euros per month.

    TV tax (Canone RAI): An annual tax of 90 euros, usually included in the electricity bill.

 

Garbage removal

   - Cost: About 14 euros per month, depends on the number of residents and the area of the property.

   Most often included in the building maintenance bill.

 

 

Features of connection and payment for utilities

To connect utilities, you need an Italian tax number. Procedures include changing the account owner's name and connecting a new contract.

Utility bills can be paid in several ways:

- Direct debit from an Italian bank account.

- Payment at post offices.

- Bank transfer.

- Cash or credit card at special payment points.

Living in apartment buildings in Italy comes with a number of rules and regulations aimed at ensuring comfortable and safe living for all residents. Below are key aspects and rules to consider.

 

General rules and responsibilities of residents

Observing quiet hours:

   - Quiet hours are usually observed from 10:00 PM to 8:00 AM and from 1:00 PM to 4:00 PM. During these times, it is recommended to avoid loud noises such as using household appliances or holding noisy events.

 

Care of common areas:

   - Residents are required to maintain cleanliness and order in common areas such as hallways, stairs, elevators, and gardens. This includes timely garbage removal and participation in general cleaning if such is carried out.

 

Utilities Management:

   - Utilities, such as water, electricity, and gas, can be individual or communal. In the case of shared heating and water supply systems, expenses are usually divided among all residents proportionally to the occupied area or by agreement.

 

Pet Ownership:

   - The issue of pet ownership is addressed at the level of a specific condominium (apartment building). Pet ownership is usually allowed if pets do not cause inconvenience to other residents and all sanitary norms are observed.

 

Repairs and Renovations:

   - Conducting repair work and renovations requires notification of the management company or condominium, especially if the work may affect the building's common structures or cause noise. Sometimes permission from all residents or the managing body is required.

 

Safety Rules:

   - Apartment buildings must be equipped with fire alarms and firefighting equipment. Residents are required to know the location of emergency exits and comply with fire safety regulations.

   - Elevators must be used for their intended purpose and according to the rules established for the specific building. For example, transporting heavy or bulky items without special permission is prohibited.

 

Participation in Condominium Life:

Residents' Meetings:

   - Regular residents' meetings (assemblea condominiale) are held to discuss important issues of managing and maintaining the building. Decisions on repairs, improvements to common areas, and expense allocation are made at these meetings.

Management Company:

   - Most apartment buildings have a management company or person responsible for the day-to-day operation of the building. They can be contacted with any issues or suggestions.

The main factors affecting the market include fluctuations in interest rates, economic instability, and changes in legislation.

 

Real Estate Prices:

   - The average sale price of residential real estate in July 2024 was 2,053 euros per square meter, which is 3.79% higher compared to July 2023.

 - The highest prices were recorded in the Trentino-Alto Adige region (3,394 euro/m²), while the lowest prices are in Calabria (945 euro/m²).

 

Rental costs:

 - The average rental fee in July 2024 was 14.06 euros per square meter per month, increasing by 10.45% compared to the previous year.

 - The highest rental fee was recorded in Valle d'Aosta (21.43 euro/m²), while the lowest is in Umbria (7.34 euro/m²).

 

The impact of interest rates and economic situation

The rise in interest rates and economic instability has led to a decrease in transaction volumes in the real estate market. There is a slowdown in the pace of purchases and sales.

 

Luxury real estate

The luxury real estate market remains stable despite overall economic instability. In Milan, for example, the average price for luxury properties in 2024 is around 12,658 euros per square meter, with a slight increase compared to the previous year.

 

Reforms and new opportunities

Recent reforms, such as the Cartabia reform, aim to increase the transparency and accessibility of the real estate market for foreign investors. These reforms include measures to improve judicial auction procedures and simplify access to mortgaged properties, opening up new opportunities for investors.

 

Features of regional markets

Italy is characterized by significant regional differences in real estate prices. The most expensive regions remain the northern and central parts of the country, such as Lombardy, Tuscany, and Lazio. Southern regions and some less populated areas offer more affordable options for purchasing and renting real estate.

 

Thus, the real estate market in Italy remains attractive to investors, despite challenges related to economic instability and high interest rates. For successful investment, it's important to thoroughly study local laws and engage professional advisors for market navigation.

Cost of living in Italy in 2024

 

General expenses

The cost of living in Italy can vary depending on the region and city in which you reside. Overall, living in Italy is cheaper than in some other Western European countries and the USA.

 

- Average cost of living: For a family of four, the average monthly expenses are around 3000–4000 euros, excluding housing rent. For one person, these expenses are approximately 800–1500 euros per month, also excluding rent.

 

Food

Food prices can vary significantly depending on the city and the type of store (supermarket or market).

 

- Milk (1 liter): 1.30–1.50 euros

- Eggs (12 pieces): 3.34–3.93 euros

- Bread (500 g): 1.39–2.00 euros

- Tomatoes (1 kg): 2.08–2.95 euros

- Chicken fillet (1 kg): 10–11 euros

- Bottle of wine: 5–9 euros.

 

Transport

Public transport in Italy is quite accessible and developed, especially in large cities.

 

- One public transport ticket: 1.50–2 euros

- Monthly pass: 35–40 euros

- Liter of gasoline: 1.74–1.87 euros.

 

Housing rent

The cost of renting housing also depends on the location.

 

- Apartment 85 m² in an expensive area: 1500–1600 euros per month

- Apartment 85 m² in a normal area: 1000–1100 euros per month

- Studio 45 m² in an expensive area: around 1000 euros per month

- Studio 45 m² in a normal area: around 750 euros per month.

 

Utilities

Utilities in Italy include electricity, gas, water, and internet.

 

- Utilities for an 85 m² apartment: around 220–230 euros per month

- Internet (8 Mbps): around 26–30 euros per month.

 

Healthcare and Education

Healthcare in Italy is high-quality and accessible. Basic medical services are covered by the national health system (SSN), funded through taxes.

 

- Doctor visit: 50–100 euros

- Health insurance: from 500 to 3000 euros per year depending on coverage.

 

Education in Italy is also accessible and high-quality. Private international schools can cost from 5000 to 10000 euros per year.

 

Thus, Italy offers various living options with different expense levels. The main expenses include accommodation, food, and transport. Living in major cities like Rome and Milan will be more expensive compared to smaller towns and rural areas.

Social Support and Poverty Alleviation

- Citizen's Income: Provides monthly payments of up to 500 euros for households with minors, elderly, or disabled individuals. For citizens aged 15 to 59, support is 350 euros per month for up to 12 months, provided they participate in vocational training programs.

- 200 Euro Bonus: This bonus is paid to employees, pensioners, and unemployed individuals to compensate for living expenses. The amount is automatically added to salaries or pensions in July, and for other categories, an application is submitted through the National Institute of Social Insurance.

 

Support for Families and Children

- Child Bonuses: Monthly payments for each child up to 21 years old, the amount of which depends on the family's income and the child's age. Payments range from 50 to 175 euros per child.

- Kindergarten Bonus: Partial reimbursement of kindergarten expenses, up to 3,000 euros per year per child. This program is available to all families with young children regardless of income level.

 

Support for Workers and Unemployed

- Wage Support Fund for workers at risk of layoff. Includes payments of up to 80% of salary for workers who are either on forced leave or temporarily laid off.

- Vocational Training Programs: State-funded courses for the upskilling and retraining of workers and the unemployed. These programs aim to increase competitiveness in the labor market and improve employment prospects.

 

Support for Businesses and Entrepreneurs

- Subsidies for small and medium-sized businesses: Include grants and concessional loans to support innovation, digital transformation, and green technologies. 

 

Housing Programs

- Bonuses for purchasing and renovating housing: Include subsidies for purchasing real estate in sparsely populated areas and grants for energy-efficient home improvements. For example, the "Living in the Mountains" program offers grants up to 30,000 euros for purchasing a home in small mountain villages in Tuscany.