Life in Italy is getting more expensive, and this is reflected not only in rent and food prices, but also in the cost of buying a home, which, according to the National Institute of Statistics (Istat), is 1,1% higher than last year.
The average price per square meter across the country rose 30% since 2019, requiring deposits of 10 to 20%, not counting taxes, registration and notary fees, which add up to thousands of euros.
However, not all is lost. There are smart ways to beat inflation and find affordable properties (other than the famous one-euro houses).
1. Be strategic in choosing location
Location is crucial when it comes to budget. If a lakeside village in Como is out of reach, explore lesser-known alternatives. If the Amalfi Coast is too expensive, consider the Ancona coast.
For those seeking a city without high prices, well-connected neighboring cities like Frascati or Tivoli are good options for Rome, and Bergamo or Pavia to Milan, offer viable options.
Real estate websites like Idealistic, Renovate, Gate-away, and Casa.it are useful sources, with listings ranging from renovation projects to move-in ready properties.
Also explore platforms like Immediately e bakeca, where it is possible to negotiate directly with the owners, avoiding high agency fees.
2. Meet 'Nuda Proprietà'
Although not for everyone, the 'Nuda Proprietà' It is a form of property that allows you to pay much less than the market value.
In this case, you buy a house with the previous owner still living in it and wait for it to be transferred. Despite the morbid aspect, this purchase can help the previous owner, usually an elderly person, with their living costs, saving up to 30% of the market value.
3. Participate in real estate auctions
Auctions (aste) are known to significantly reduce the value of homes. Online platforms and physical agencies list auctions, and specialized agents can help with the bidding process to find the cheapest house in Italy.
According to Idealista, the savings range from 10% to 60%. Keep in mind that if you are the successful bidder, a deposit of 10% of the purchase price is usually required immediately.
4. Cheap house in Italy: see price averages
A valuable tip is to check the average prices by area. Some websites, such as Idealista, have automatic calculators that show the average price per square meter in each area.
Even if you're not interested in the property in question, having a zone average can be helpful in negotiations.
5. Pay attention to official statistics
While no specific app has been developed for this, some websites already have built-in calculators that show the average house prices in each area based on your data.
The Idealista website, for example, automatically calculates the price per square meter in the region, displaying it in each advertisement.
When exploring these strategies, it is essential to enlist the guidance of professionals and thoroughly check documentation, especially when dealing directly with property owners to avoid potential real estate scams.
With creativity and information, it is possible to find your dream house in Italy without compromising your finances. (Photo: Depositphotos)
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