Hotels in Italy For Sale
Hotels in Italy For Sale

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For over twenty years we have built a network of the best professional agents in the most desirable locations. We offer our clients a tailored personal service. We make sure that buying your overseas property, from initial viewings to final purchase, goes as smoothly as possible.

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Hotels in Italy For Sale

Guide to the Italian Buying Process

1. Making the Offer to Purchase (Offerta)
Once you have found the property you wish to purchase you will start the process by making a formal offer to the vendor, the estate agent will act on your behalf and put forward the offer, a deposit will be made available, generally around (10,000 - 20,000 EUR). Once the vendor has accepted the offer it will be formalised in writing to the vendor in both English and Italian. If this is accepted the deposit (Caparra Confirmatoria) will be paid to the vendor. This will form a legally binding contract. Neither party may withdraw at this point, the sale can be forced by either party or a claim for damages can be made. If the purchaser withdraws their deposit will be lost, if the vendor withdraws the purchaser can claim twice the deposit in compensation.

2. Signing the Preliminary Contract (Compromesso or Contratto preliminare)
The next step will take place between 1 and 3 months after the offer has been accepted, this is a formal agreement between the vendor and purchaser to sell and buy the property, this agreement is the Preliminary Contract and will contain the conditions and terms of the sale. It is important at this stage that you have a full understanding of all the details contained in the contract. We would strongly recommend that you appoint a Notary who is fluent in English. This document will include the purchase price, a detailed description of the property including completion date and will cover any obligations placed upon the buyer and the vendor. All information relating to the property including any planning permissions for the property and the cadastral details (a public record, survey, or map of the value, extent, and ownership of land as a basis of taxation). Once the Preliminary Contract (Contratto preliminare) has been signed a further deposit (Caparra Confirmatoria) will be paid, this will generally be 10% - 20% of the purchase price. There will also be an estate agents Commission Fee (Provvigione) which will need to be paid at this point.

3. Signing the Final Deed of Sale (Rogito or Atto Notarile)
The purchaser must have a bank account in order to make the purchase on completion. The signing of the final deed of sale which will authorise the transfer of the property must be overseen by a Notary (Notaio). The buyer will select and hire the Notary, but they are members of an independent body of public/professionals who will draft the purchase deed, they will oversee the passing of the title legally from the vendor to the purchaser. The Notary will also verify the legality of the documentation and registration with the Conservatoria dei Registri Immobiliari and the Local Land Register.

4. Formalities to be observed after Completion
Foreign buyers should obtain a certified copy of the Purchase Deed (Rogito), which the Notary will have lodged with the authorities. Generally this will be available to collect around 2 – 3 weeks after completion. The Notary will also give you a form to complete for the the local authority (Questura) who will have been given formal notice of the purchase. Your Notary will help you to complete this form. You will need to contact the utilities companies to set up new contracts (power, water, telephone, gas etc.). If the property is a flat, the condominium manager (Amministratore del condominio) should be informed of change of ownership of the property.

IMPORTANT - Disclaimer : All information provided is believed to be current and provided free of charge. No liability can be accepted for the reliability of the information and statements made as this is obtained from 3rd parties. We always recommend you take legal advice from a fully qualified Lawyer or Notary before buying a property overseas.

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Taxation

Various taxes must be paid on purchases. Registration tax / stamp duty (Imposta di Registro) is calculated on the government’s valuation of the property (Valore catastale). This will vary according to whether the property is being purchased as a holiday home, or as your primary residence. For a holiday home stamp duty will be 10% of the valuation. If you are intending to use the property as your primary residence and apply for residency (Prima casa), providing this is done within 18 months of the property transfer then stamp duty will be reduced to 3% for an existing property and 4% for a new build. This will be paid to the Notary on completion of the purchase.

Land registration, mortgage and cadastral taxes also need to be paid to the Notary on completion. These are one-off payments and are around €168 each.

Once the property has been purchased further taxes must be paid. There is a local council tax ICI/IMU property tax (Imposta Comunale sugli Immobili) of 0.4% to 0.9% of the property’s cadastral value. The rate for this is calculated annually by the council and paid bi-annually in June and December. This rate will be reduced if the property is the primary residence (Prima Casa).

If you are not resident in Italy you will have to declare any income gained from activities in Italy to the Italian Tax authorities. This income will also have to be declared in your country of residence, you will need a double taxation agreement to mitigate against paying twice. This declaration will apply to any income you might obtain from letting a property in Italy. Some expenses incurred on the property may be off-set against the income you derive from letting out the property. This can include management expenses, local taxes, repairs etc.

There is one tax which applies only to holiday homes, there will be a 20% Capital Gain on the difference between the buying price and the selling price if the property is sold prior to 5 years ownership.

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IMPORTANT - Disclaimer :
All information provided is believed to be current and provided free of charge. No liability can be accepted for the reliability of the information and statements made as this is obtained from 3rd parties. We always recommend you take legal advice from a fully qualified Lawyer or Notary before buying a property overseas.

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18 bedroom hotel for sale, Tropea, Vibo Valentia, Calabria

18 bedroom hotel for sale, Tropea, Vibo Valentia, Calabria
9,300,000 EUR

18 bedroom hotel for sale, Tropea, Vibo Valentia, Calabria

Stunning 18 bedroom hotel with a beautiful private beach and mature tropical gardens, situated in a quiet and private setting just 4km from Tropea. Currently used primarily as private a residen...

REF: 223474
  • Bedrooms: 18
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9 bedroom hotel for sale, Florence, Chianti

9 bedroom hotel for sale, Florence, Chianti
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9 bedroom hotel for sale, Florence, Chianti

A boutique hotel in a prime location in the magical city of Florence, in one of the main squares of the city with views over the piazza. The property comprises of 9 suites ranging from 24 m2 t...

REF: 195319
  • Bedrooms: 9
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7 bedroom hotel for sale, Chianti, Florence

7 bedroom hotel for sale, Chianti, Florence
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7 bedroom hotel for sale, Chianti, Florence

This beautiful country estate is a rare and exciting opportunity to acquire a boutique hotel comprising of an historic villa and farmhouses with guest accommodation, surrounded by ...

REF: 195317
  • Floor Size: 700 square metres
  • Plot Size: 600,000 square metres (60.00 hectares / 148.27 acres)
  • Bedrooms: 7
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120 bedroom hotel for sale, Padua, Veneto

120 bedroom hotel for sale, Padua, Veneto
9,000,000 EUR
Price Reduced

120 bedroom hotel for sale, Padua, Veneto

Only 45 minutes from Venice Marco Polo airport, this superb hotel benefits from the thermal waters and is close to the city of Padua. The property stands in parkland of 2.5 hectares with large ...

REF: 201098
  • Floor Size: 15,000 square metres
  • Plot Size: 25,000 square metres (2.50 hectares / 6.18 acres)
  • Bedrooms: 120
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Attractive Hotels in Venice for Sale

Attractive Hotels in Venice for Sale
8,700,000 EUR

Attractive Hotels in Venice for Sale

Located in the historic centre of Venice are several desirable hotels for sale. Well refurbished and with good recorded income. Each is being offered for sale with furniture, expert...

REF: 174008
  • Bedrooms: 12
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60 bedroom hotel for sale, Florence, Chianti

60 bedroom hotel for sale, Florence, Chianti
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60 bedroom hotel for sale, Florence, Chianti

Opportunity to purchase a successful hotel with development opportunities, very nicely situated just half an hour from Florence. This is a distinguished villa in the Tuscany countryside which...

REF: 195321
  • Bedrooms: 60
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Magnificent Historic Convent for sale in Tuscany, Potential Hotel with 1000m2 of floor space

Magnificent Historic Convent for sale in Tuscany, Potential Hotel with 1000m2 of floor space
7,000,000 EUR

Magnificent Historic Convent for sale in Tuscany, Potential Hotel with 1000m2 of floor space

Exceptional convent in the south of Tuscany, founded in 1034 and today prepared for an ambitious hotel project. 5,000m2 of usable space under renovation + 1,000m2 possible extension. Dev...

REF: 159658
  • Floor Size: 5,000 square metres
  • Plot Size: 200,000 square metres (20.00 hectares / 49.42 acres)
  • Bedrooms: 0
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Superb Medieval Hamlet for Sale near Lake Como, Italy, with Income Potential

Superb Medieval Hamlet for Sale near Lake Como, Italy, with Income Potential
7,000,000 EUR

Superb Medieval Hamlet for Sale near Lake Como, Italy, with Income Potential

Superb and beautifully renovated Medieval hamlet for sale in the heart of the Montevecchia Park and Curone Valley with outstanding environmental credentials and offering income opportunities in a vari...

REF: 214776
  • Floor Size: 2,000 square metres
  • Plot Size: 200,000 square metres (20.00 hectares / 49.42 acres)
  • Bedrooms: 12
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31 bedroom hotel for sale, Lake Maggiore, Verbano-Cusio-Ossola

31 bedroom hotel for sale, Lake Maggiore, Verbano-Cusio-Ossola
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31 bedroom hotel for sale, Lake Maggiore, Verbano-Cusio-Ossola

Hotel with great potential located on the banks of Lake Maggiore, in a great area for tourism. The square footage, the surrounding landscape, the privacy and lake view make it unique. Th...

REF: 191048
  • Floor Size: 1,594 square metres
  • Bedrooms: 31
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Stunning hotel for sale 40 minutes from Florence

Stunning hotel for sale 40 minutes from Florence
6,000,000 EUR
Price Reduced

Stunning hotel for sale 40 minutes from Florence

PRICE REDUCED - This beautifully restored former mill, is now a most attractive hotel in the heart of Tuscany and is presented in perfect condition. The sale includes 1 hectare of land with c...

REF: 177424
  • Floor Size: 1,200 square metres
  • Plot Size: 10,000 square metres (1.00 hectares / 2.47 acres)
  • Bedrooms: 30
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