I don’t think you will get any arguments about how beautiful and relaxing Italy - that view is certainly lovely.All about peace and quiet and the view for me.
I could not agree at any level with your post. Anyone buying in Europe without seeking proper independent advice from an accountant and a lawyer and considering Estate Planning implications for a second property (tax, inheritance tax in UK on a second death, inheritance tax rules in the country in Europe) would have to have their head looked at by a brain surgeon or psychiatristGreat to read your reviews, i need to answer to the negative points i read. South Italy, Sicily included, is not known for its safety. In general south and north Italy are two different worlds. So when it comes to, "why the house was robbed several times", the answer is 'searching for a house was not accurate", or maybe the buyer did not on count the security fact, but only how cheap he could buy a house.
Second comment is the sale price and why people cannot make more profit after five years of re-selling it: :Let me remind you that Italy, Greece, Portugal, Spain etc have been through financial trouble, which means that also real estate was affected. A house that in 2010 costed 350000 euros, now it costs 180000. Europe overall faces this problem. Even in Munich, germany, prices at the moment are extremely high. Have patience to see how they will drop in 5 years.
As a professional in the construction industry i would say that real estate makes circles, every xx years houses (or industrial) can pick up or drop down. So, every time it has to come to the right time to sell or buy.
On the other hand, under no circumstance i would take the opinion of the accountant. They all the time tell you the negative aspect and besides it's not everything about money and profit.Personally i would buy a house, than rent. At the end of the day, or better at the end of our life, we will have something that was the result of our work. Cash in the bank is not to be seen in flesh, they're only numbers on a piece of paper.
If anyone needs info about a house at the place where i live, i would be happy to help.
Interesting reply and makes sense to some degree. Other factors for a 2nd property such as tax etc should be covered as well. I’m more interested in letting it when I’m not there thus treating it as a business, but clearly lots to think about before any purchase. Where do you live?Great to read your reviews, i need to answer to the negative points i read. South Italy, Sicily included, is not known for its safety. In general south and north Italy are two different worlds. So when it comes to, "why the house was robbed several times", the answer is 'searching for a house was not accurate", or maybe the buyer did not on count the security fact, but only how cheap he could buy a house.
Second comment is the sale price and why people cannot make more profit after five years of re-selling it: :Let me remind you that Italy, Greece, Portugal, Spain etc have been through financial trouble, which means that also real estate was affected. A house that in 2010 costed 350000 euros, now it costs 180000. Europe overall faces this problem. Even in Munich, germany, prices at the moment are extremely high. Have patience to see how they will drop in 5 years.
As a professional in the construction industry i would say that real estate makes circles, every xx years houses (or industrial) can pick up or drop down. So, every time it has to come to the right time to sell or buy.
On the other hand, under no circumstance i would take the opinion of the accountant. They all the time tell you the negative aspect and besides it's not everything about money and profit.Personally i would buy a house, than rent. At the end of the day, or better at the end of our life, we will have something that was the result of our work. Cash in the bank is not to be seen in flesh, they're only numbers on a piece of paper.
If anyone needs info about a house at the place where i live, i would be happy to help.
I could not agree at any level with your post. Anyone buying in Europe without seeking proper independent advice from an accountant and a lawyer and considering Estate Planning implications for a second property (tax, inheritance tax in UK on a second death, inheritance tax rules in the country in Europe) would have to have their head looked at by a brain surgeon or psychiatrist
My daughter is in the US and theirs is a peculiar language - or should that just be "a very different language?"
"Right"
Wrong
No
Yes?
"Right"?
No, Yes.
The give-away is in the use of the word "theirs" is a peculiar language, hence its not my daughter, but the US folk.Universal advise applying to most women!
Oh, you mean Americans - my mistake
I've had mine rewired, used the locals, although I could have done the majority myself, I would struggle to get it signed off. I didn't mind using them. They were thoroughly professional, started 07:30 each day, lunch 12:30 - 14:00 and worked until 18:30. No tea breaks, no smoke breaks. I would struggle to get UK tradesmen like that. You really need to do your homework, it's little things you don't think about that can upset people, remember it is a different culture, and values.
Your near Naples. I love Naples, but it is a very marmite type place. I am in Modica, south east Sicily. It is near the historical centre, a town house at the end of a small street at the top of a hill, a 5 minute walk down into town and about 10 back due to the hill. The price you pay for the view. I wanted somewhere that I could get to without the need to drive if I didn't want too, quiet, but with everything on hand. It has the Baroque buildings, about 100 churches if that's your thing, and chocolate, it is on the tourist trail, but remains very old world, individual shops and still very traditional.sounds like you're switched on and hands on which helps, what part Italy is yours
this is my fathers in Avellino. was worth quite a bit a few years ago but the way things have gone in Italy and the south especially, something like this is about 120k, vacant most of the time and he only goes twice a year, he should of sold it several years ago when it was valued at 350kView attachment 56463
^This. The neighbors make a fuss when we visit, or the daughters. I do not think it would be the same if it was randoms though.it has to be for personal use/known friends and family only.
He could have made some money by selling the movie rights..Friend bought a house and some land in South of Italy.
Locals resented fact the house was lying unused when a local family could have used it.
When he wasn't there they broke in and stole whatever they could lift. They burned his lemon trees. They stole his generator and water pump. He hired local mafia to protect it. Mafia then used it for their purposes when he wasn't there.
Buying was a legal nightmare but nothing compared to trying to sell it. Friend died and family almost gave the house away because they couldn't sell it and legal hoops and costs were ridiculous. Authorities seemed to make up the rules as they went along.
Your near Naples. I love Naples, but it is a very marmite type place. I am in Modica, south east Sicily. It is near the historical centre, a town house at the end of a small street at the top of a hill, a 5 minute walk down into town and about 10 back due to the hill. The price you pay for the view. I wanted somewhere that I could get to without the need to drive if I didn't want too, quiet, but with everything on hand. It has the Baroque buildings, about 100 churches if that's your thing, and chocolate, it is on the tourist trail, but remains very old world, individual shops and still very traditional.