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| How
to Buy Property in Puglia Until
a couple of years ago purchasing property
in Puglia relied on luck and speaking the
language. Now all this is changing, as
estate agents start acquiring some
English, and gaining knowledge of what
foreign buyers expect of them. But you
will still find it hard to walk into an
estate agents office and get much
information about the properties they
offer, their details and location.
There
ia a large number of new agencies sprung
up to meet the demand from foreign
buyers, and it is important to choose an
established, experienced and reoputable
agent.
Fortunately
help is on hand, with a number of
English-based companies offering internet
shop windows for property. Choose one
with local representatives in Puglia who
can help with finding suitable houses to
view and if necessary interpret during
viewings. They can offer guidance on the
purchase, from making offers through to
completion, and may also offer
after-sales service, including advice on
restoration and providing contacts for
professionals and tradesmen.
Although
the buying process appears similar to
that in England there are significant
differences in approach and it helps to
have someone with local knowledge and
experience. The practice in Puglia is not
even necessarily the same as, for
example, Tuscany.
Italians
do not normally have surveys performed
prior to purchase, but an English agent
will be able to advise whether this is
appropriate, or whether a quote for
renovation works should be obtained
before commitment.
On
the legal side a public notary ensures a
valid sale, and collects the government
tax on house purchase. He or she works
neither for vendor not purchaser, but the
costs are usually paid by the buyer.
Italians do not usually seek independent
legal advice. A reputable Italian estate
agent should liaise closely with the
notary to ensure that any problems of the
sale are identified and dealt with.
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hurdle the prospective buyer has to face
is acting quickly enough to secure the
vendors commitment to sell.
Puglians act swiftly in making purchases
and sales. There is no under
offer period as in the UK, and a
vendor could well sell to another buyer
or withdraw the property if there is any
lengthy delay between making an offer and
signing a contract. Its best to be
decisive, and only employ a solicitor if
problems arise. It
can take as little as a couple of weeks
from signing a contract to completion.
The buyer will require an Italian tax
code, which can be obtained in the UK
from the Italian Consulate, and it is
helpful, if not essential, to open an
Italian bank account, especially if the
buyer is expecting to spend extended
periods in Puglia.
Laws
are changing rapidly under the Prodi
government regarding the declaration of
sale values and registration of payment
for property, in general for the buyer
this is good news as you can for a
habitable property declare the full sale
price as well as the lower fiscal value
on which purchase taxes are payable.
After
the purchase it is usually a
straightforward and quick process to get
electricity or water contracts switched
to the new occupier, and the agent may
assist with registration for local
council taxes ICI which is
generally very low compared with Britain,
and the refuse tax. Electricity is
usually the only mains utility connected
to a rural property, and it is easy to
pay bills over the internet or by direct
debit. Most properties outside towns rely
on underground tanks for their water
supply, filled either by rainwater or by
water tanker delivery in summer. Sewage
disposal is normally by a septic tank or
soakaway.
The
new owner will need to get a permit to
stay in Italy for longer than 3 months at
a time. The rules for this and residence
have recently changed (April 2007) and it
is now no longer necessary to apply
initially at a main questura or police
station, application can be made at a
major post office or, preferably, at the
local town hall. You may, however, have
to produce evidence of means and health
insurance.
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