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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8 bedroom hotel for sale, Perugia, Umbria

8 bedroom hotel for sale, Perugia, Umbria
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8 bedroom hotel for sale, Perugia, Umbria

This fairy tale neo-gothic castle stands at the heart of a peaceful area of Umbrian countryside and has its own 6,000m2 of garden with swimming pool. The property dates back to 1860 and has un...

REF: 198691
  • Floor Size: 900 square metres
  • Plot Size: 6,000 square metres (0.60 hectares / 1.48 acres)
  • Bedrooms: 8
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19 bedroom hotel for sale, Assisi, Perugia, Umbria

19 bedroom hotel for sale, Assisi, Perugia, Umbria
2,700,000 EUR

19 bedroom hotel for sale, Assisi, Perugia, Umbria

This lovely, five storey hotel is a sanctuary set in the heart of the evocative city of Assisi. The property which dates back to the XIII century was beautifully renovated in 1960 and comes with 19 ...

REF: 194159
  • Bedrooms: 19
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18 bedroom hotel for sale, Verbania, Verbano-Cusio-Ossola, Lake Maggiore

18 bedroom hotel for sale, Verbania, Verbano-Cusio-Ossola, Lake Maggiore
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18 bedroom hotel for sale, Verbania, Verbano-Cusio-Ossola, Lake Maggiore

Superb hotel which is strategically located in the tourist district of the lakes, near Stresa, which is famous for the Borromeo Islands and Pallanza, which is ideal to admire the beautiful botanical g...

REF: 191051
  • Floor Size: 1,000 square metres
  • Bedrooms: 18
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15 bedroom hotel for sale, Florence, Chianti

15 bedroom hotel for sale, Florence, Chianti
2,600,000 EUR
Price Reduced

15 bedroom hotel for sale, Florence, Chianti

PRICE REDUCED - This enchanting boutique hotel close to Florence, was built in the early 1900s by a noble Florentine family, and stands in 6,500m2 of beautifully maintained garden with heated salt wat...

REF: 202582
  • Floor Size: 730 square metres
  • Plot Size: 6,500 square metres (0.65 hectares / 1.61 acres)
  • Bedrooms: 15
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40 bedroom hotel for sale, Carpugnino, Verbano-Cusio-Ossola, Lake Maggiore

40 bedroom hotel for sale, Carpugnino, Verbano-Cusio-Ossola, Lake Maggiore
2,500,000 EUR
Price Reduced

40 bedroom hotel for sale, Carpugnino, Verbano-Cusio-Ossola, Lake Maggiore

PRICE REDUCED - Hotel situated on one of the most beautiful and scenic hills of Lake Maggiore, in an ideal area for, nature, relaxation and comfort. Located just 2km from Carpugnino the junctio...

REF: 156801
  • Floor Size: 2,158 square metres
  • Plot Size: 1,860 square metres (0.19 hectares / 0.46 acres)
  • Bedrooms: 40
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25 bedroom hotel for sale, Spiazzo, Trento, Trentino-Alto Adige

25 bedroom hotel for sale, Spiazzo, Trento, Trentino-Alto Adige
2,500,000 EUR

25 bedroom hotel for sale, Spiazzo, Trento, Trentino-Alto Adige

3 Star Historic Hotel, furnished in a typical antique alpine style, located in the touristic area of the Dolomites Mountains in northern Italy. This superb hotel has 25 rooms, a prestigious gr...

REF: 179686
  • Bedrooms: 25
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21 bedroom hotel for sale, Provincia Di Pisa, Pisa, Tuscany

21 bedroom hotel for sale, Provincia Di Pisa, Pisa, Tuscany
2,200,000 EUR

21 bedroom hotel for sale, Provincia Di Pisa, Pisa, Tuscany

21 bedroom hotel, located on the outskirts of a popular village in the Pisa province, with restaurant, bar and tobacco shop. The property has a gross area of 2,400m2 which includes: - Basem...

REF: 184994
  • Floor Size: 2,400 square metres
  • Plot Size: 6,000 square metres (0.60 hectares / 1.48 acres)
  • Bedrooms: 21
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Charming 47 bedroom Hotel in Sicily for sale Close to Skiing in Piano Battaglia

Charming 47 bedroom Hotel in Sicily for sale Close to Skiing in Piano Battaglia
2,200,000 EUR

Charming 47 bedroom Hotel in Sicily for sale Close to Skiing in Piano Battaglia

This charming hotel is located in the heart of the Madonie Mountains in the north of the island at 1,350 metres above sea level and standing in an extensive plot of 12,250m2. Ideally located c...

REF: 206830
  • Floor Size: 3,075 square metres
  • Plot Size: 12,250 square metres (1.23 hectares / 3.03 acres)
  • Bedrooms: 47
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Entire Ski Complex for Sale in the Adamello, in Brescia

Entire Ski Complex  for Sale in the Adamello, in Brescia
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Price Reduced

Entire Ski Complex for Sale in the Adamello, in Brescia

PRICE REDUCED - Situated in Vezza d'Oglio, just 2km from the first ski slopes of Temu and 5km from the towns of Ponte di Legno / Passo del Tonale (TN) and the Adamello Ski resort. The complex ...

REF: 171899
  • Floor Size: 1,450 square metres
  • Plot Size: 750 square metres (0.08 hectares / 0.19 acres)
  • Bedrooms: 36
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10 bedroom hotel for sale, Lucca, Tuscany

10 bedroom hotel for sale, Lucca, Tuscany
1,950,000 EUR

10 bedroom hotel for sale, Lucca, Tuscany

Full of character and charm, this historic and totally restored 10 bedroom villa, which was built in 1740, has been superbly renovated with great care, with respect of its original character. ...

REF: 223261
  • Floor Size: 1,120 square metres
  • Plot Size: 5,000 square metres (0.50 hectares / 1.24 acres)
  • Bedrooms: 10
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