Where is the cheapest property to buy in Italy?
Can Americans buy property in Italy?
The answer is yes! American citizens can buy houses in Italy without needing to have any special documents and do not have to pay higher taxes compared to EU citizens. This is because Italy has mutual agreements which enable the buying and selling of real estates in Italy by foreign citizens.
Why is Italian property so cheap?
Italy provides a ‘superbonus’ tax exemption for buyers that covers a whopping 110 per cent of qualifying building expenditures. The kinds of business expenses included are for works like replacing the heating or air conditioning.