Additional costs

When purchasing a (second) home it is important to take into account the additional costs. For a correct calculation of your budget, we advise you to add another 10 to 20% at the purchase price.

When buying a property, different taxes and costs are charged to the buyer. These additional costs may vary. Are you buying an existing house, a newbuilt or a luxury villa? In the case of a newbuilt, you pay VAT instead of registration tax. Different rules apply for luxury homes and villas (with cadastral category A1, A8 and A9).

The additional costs may consist of:

  • Registration tax.
  • Registration costs for the mortgage loan (if necessary for your purchase).
  • Notary fees
  • VAT (called in Italian IVA)
  • cadastral tax.
  • lawyer’s fee (in case personal advice is needed)
  • commission real estate agent

Registration tax

These are the highest additional costs if you buy real estate in Italy. The registration tax is the main tax on real estate, in most cases 10% of the purchase value of the property.

Notary fees

These are the costs to be paid to the notary for the preparation of the authentic deed. These costs may differ per region and are calculated on the basis of the value of the property. Normally these costs are between 2 – 5% of the value of the home.

VAT

VAT (in Italian IVA) is only calculated if you buy real estate from a company. In that case you do not pay registration tax. VAT is in most cases 10% on the purchase value of the property.

Agency fees

In Italy it is customary for both the buyer and the seller to pay a commission to the real estate agent. This commission is usually between 2 and 4% of the price for which the property is sold.

For more information about additional costs, subscribe to our newsletter and request the free e-book with extra information about buying a property in Italy.

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