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Think about seasonality' when purchasing property in Italy
Wednesday, October 05, 2011
Investors considering sending money abroad and purchasing a property in Italy have been advised on what they should take into consideration before signing a contract.
Terry Hobbs, agents and media manager for Propertyshowrooms.com, explained how some parts of the country can be "seasonal" and urged individuals to be aware of this.
He described how while some regions may be extremely popular during the summer months, come winter they could be "practically boarded up".
Another point to remember is the property tax of three per cent that applies to first-time buyers in Italy, who register for residency in a local area.
Source: HiFX.co.uk
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