REAL ESTATE IN ITALY: A GENERAL OVERVIEW
A comprehensive guide to buying residential property in Italy
Owning a property in Italy is a joy, but can also be diﬃcult at times, due to having to ensure that when the owners are not in occupation, the house is secure and well maintained.
However, there is a solution for those who want to enjoy the best that this beautiful part of the world has to oﬀer, without having to worry about their property when they are not there. It is called Fractional Ownership and it is an innovative, tried and tested solution.
How often have you dreamt of owning something in the sunshine, with wonderful views, friendly neighbours, delicious food and wine and clear sparkling air yet not been willing or able to invest the several hundred thousand Euros required for such an undertaking? Fractional Ownership means that you can, with a group of like-minded friends (or even like-minded strangers!) just invest a fraction (usually a tenth) of the total cost - which also means that the hidden costs such as running costs, maintenance or property taxes are shared.
Moreover you own an “asset” which, just like a wholly-owned property can be sold or inherited.
There are various legal ways of setting up a Fractional Ownership - all of which have been proved to work in Italy - and we are working closely with UK and Italian lawyers who have experience of this type of ownership. You can ﬁnd out more by clicking on the following link www.lighthousefractional.com.
At La Regina Properties we are able to work closely with local tradesmen such as plumbers, electricians, builders, gardeners and housekeepers to ensure that the property you choose is maintained in top condition throughout the year - so you don’t need to worry about getting to Italy in the dead of winter if the pipes burst!