Buying a house in Italy is a dream for many international students and expats. Whether you are looking for a historic apartment in Rome, a cozy villa in Tuscany, or a modern flat in Milan, Italy offers a wide range of options. However, purchasing property as a foreign resident requires careful planning, knowledge of Italian laws, and understanding of the costs involved.
This guide explains everything international students and expats need to know about buying property in Italy, from legal requirements to financing options and practical tips.
Can International Students Buy Property in Italy?
Yes. International students in Italy can legally buy property, even without permanent residency. Italy does not impose restrictions on foreign property buyers, but you will need to meet certain requirements:
- Italian tax code (codice fiscale) – mandatory for all property transactions
- Bank account in Italy – necessary for payments and taxes
- Proof of funds – banks may require evidence of income or savings if applying for a mortgage
- Legal residency not required – students on a study visa can purchase property
Understanding these requirements is essential to avoid delays or legal issues.
Popular Types of Property in Italy
Italy offers a variety of housing options for international buyers:
- Apartments in historic city centers – Rome, Florence, Milan
- Villas and country houses – Tuscany, Umbria, Sicily
- Modern urban apartments – convenient for city living
- Renovation projects – often more affordable, but require additional investment
Key factors to consider:
- Location: close to university, public transport, or city centers
- Budget: include not only purchase price but taxes, notary fees, and maintenance
- Purpose: investment, vacation home, or long-term residence
Costs of Buying Property in Italy
Buying property in Italy involves more than just the sale price. Common costs include:
- Property price – varies by region, city, and property type
- Taxes – 2–9% for primary residence; 9% for second homes
- Notary fees – usually 1–2.5% of the property value
- Real estate agent fees – 2–3%
- Additional costs – legal fees, mortgage arrangement, renovation, utilities
A good rule of thumb: budget 15–20% above the purchase price for all associated expenses.
The Legal Process of Buying Property in Italy
The property purchase process typically includes:
- Preliminary contract (compromesso) – a legally binding agreement with a deposit
- Due diligence – checking ownership, debts, and legal compliance
- Final deed (atto di compravendita) – signed before a notary who registers the property
- Payment of taxes and fees – completed at the time of signing
Hiring a local real estate lawyer (avvocato) is highly recommended, especially for international buyers.
Financing Your Property Purchase in Italy
While many students use savings, mortgages are possible for non-residents. Requirements vary by bank but often include:
- Stable income or guarantor
- Student visa or residency permit
- Italian bank account
Compare mortgage rates carefully and consider exchange rates if paying from abroad.
Tips for International Students Buying Property in Italy
- Work with experienced real estate agents familiar with international clients
- Research regional property laws, which can differ between regions
- Account for renovation costs, utilities, and condominium fees
- Be patient: property transactions in Italy may take longer than in other countries
Buying property in Italy can be both a financial investment and a unique cultural experience. With careful planning, legal guidance, and realistic expectations, international students can successfully purchase property in Italy and enjoy the benefits of Italian real estate.