QUESTIONS AND ANSWERS

Q   Are there resale properties, or just new or off plan?
A   So far there are no resale’s yet. But it does not harm to ask. Perhaps we can help you.

Q   Are properties cheap?
A   Yes far cheaper than in Spain. An apartment from 60.000    A 2 bed Townhouse from 140,000 euro or villa from 225,000 euro.

Q   Are all properties freehold?
A   yes all are guaranteed by Medsea estate group.plc

Q   is it cheaper to go straight to the vendor?
A   No  The prices are set by the builder and are always the same as in our brochure. He cannot give you any after sale service.

Q   What other cost can I expect?
A   If you put 15 % of the purchase price on top for VAT legal cost   and  utility conections. You will be very close.

Q   Are kitchens and air co standard in the purchase price?
A   Not always   do not be afraid to ask. If the answer is yes , make sure that it is in your contract.
     Normally in Italy a kitchen is only 2 units, so ask for a fully fitted kitchen.

Q    In whose name will I buy the property and what Solicitor do I use?
A    It is better to use a local solicitor. Italian Connection will give you a few choices.
      You can put it in your name or in joint name's or in the name of your children who will eventually inherit the property.  Or in a UK limited company.

Q    If applicable where do I get the best exchange rate's to purchase my property?                                                                                                                                                                                                       A     At one of the foreign exchange companies or your bank.

Q    Can I get a Mortgage in Italy?
A    Yes Italian connection has a mortgage advisor. Find out first if this is the cheapest or simplest way, before you go to Italy.

Q    Can I receive my pension or benefit in Italy?
A    Yes Contact UK   www.dss.gov.uk.   ROI   www.welfare.ie

Q    what about taxes?
A    If you work in Italy, you have to pay income tax. There is no inheritance tax in Italy between family and spouses. If you stay the owner for a min of 5 years ,no capital gains tax will be raised by Italy. You might not want to tell the British Tax office about this.

Q    Electrical appliances?
A    Yes  the voltage is 220. U can change the plugs or use an adaptor.
      Even better buy new in Italy

Q    What is the annual running cost for a house in Italy.?
A    For a 2 or 3 bed house an average of 2000 euro is expected. This includes Utilities and insurance.

Q    Should we learn the lingo?
A    It would help. It will be appreciated by the locals. Just the young people some times speak English

Q    Can we take our furniture to Italy?
A    Yes if you are moving on a permanent basis, it could make since  we have done it from Scotland to Calabria, to save money    Crazy!!!!!!!
     

Italy is famous for its furniture and kitchens. It is not expensive.