Tax changes benefit investors
Changes to the tax system in Italy could be good news for investors who are planning to enter the market, according to experts.
ShelfterOffshore.com stated that purchase costs have been reduced, while a number of related taxes have also been cut.
This means that it is now up to 13% cheaper to buy a property in Italy, a development which could bolster its already considerable appeal to foreign buyers.
Commenting on the changes, ShelterOffshore remarked: "Until earlier this month, there was no denying that the cost of acquiring such a picture postcard perfect property in Italy was seriously expensive too."
The website added that the government had become aware that investing in the country was not for the "faint-hearted", which in turn was harming the Italian economy.
ShelterOffshore described the changes as "fabulous news" for people who are thinking of investing or buying a second home in Italy.
According to NuWire Investor, the steady flow of tourists to the Mediterranean country means that Italian property has plenty of potential for high rental yields.
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