Italian escrow account

In the last quarter of 2017 Italy has introduced a new rule for the real estate transactions; it aims to provide stronger  protection to both the buyer and the seller.

Today, funds for the completion of purchase of Italian property could be held in a escrow account by the Notary in charge for the transaction.

On the other hand it is worth to precise there is no obligation to follow this prescription, as it is more about a specific buyer request.

Deposits connected with a purchase proposals, preliminary and/or Rent-to-Buy agreements are not included in this new law.

This law applies for those ongoing property transactions started before the 29th August 2017.

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The typical bed and breakfast is a very appealing investment solution for property purchasers looking to buy larger home in Italy.
This certainly represents a growing trend as many tourists prefer the lower cost and a flexible accommodation service in a B&B or a vacation rental rather than the traditional hotel offer: it’s like feeling home and saving money at the same time.

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Buying home in Italy with Rent-to-Buy

Rent-to-Buy has become a rising trend since Italy has approved the Decree 133/2014 (Sblocca Italia) to revitalize the real estate sector.

These measures have attracted the interest of potential home buyers unable to get a mortgage or immediately raise all the funds needed to buy a property.
Basically, a promissory purchaser can immediately start living in the property as a tenant with the option to purchase it at a later date.

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