We answer the questions you ask us most often

Yes. The €1 price is symbolic. The real investment involves renovation costs, notary fees, taxes and technical procedures.

EU citizens and many non-EU citizens, including buyers from the USA, UK, Canada and Australia, can legally purchase property in Italy.

Yes. The Italian Tax Code (Codice Fiscale) is mandatory for any property purchase.

Official source:

Italian Revenue Agency

https://www.agenziaentrate.gov.it/portale/codice-fiscale-tessera-sanitaria-partita-iva

It can be obtained:

• Through the Italian Consulate in your country

• Via Power of Attorney through a professional in Italy

Typically:

• Valid passport

• Italian Tax Code

• Proof of funds

• Italian bank account (recommended)

Often yes. Municipalities usually require a refundable deposit between €1,000 and €5,000 to guarantee renovation commitment.

Estimated ranges:

• Small property: €20,000–€40,000

• Structural renovation: €50,000+

Costs depend on size, structural condition and finishing level.

Yes. A licensed architect or surveyor must prepare and sign the renovation project.

Yes. Most programs require completion within 1–3 years.

Yes, provided you comply with regional short-term rental or B&B regulations.

• 2% if registered as primary residence

• 9% if purchased as a second home

Taxes are calculated on cadastral value, not market price.

It is a government-assessed fiscal value used to calculate registration taxes, often lower than market value.

Yes. You can grant a notarized Power of Attorney to complete the purchase without being physically present.

Not legally required, but strongly recommended for international buyers unfamiliar with Italian law.

A €1 house is primarily a lifestyle investment with long-term value potential, especially in villages experiencing international interest.

Yes. Many low-cost properties in Italy are available between €5,000 and €40,000 with no strict renovation deadlines. These can be easier, faster and safer investments.

Because prices in many historic towns are still below replacement cost. As international demand grows, early buyers benefit from strong value appreciation potential.

Beyond price, it is about:

• Lifestyle transformation

• Access to authentic Italian culture

• Owning property in Europe

• Long-term capital preservation

The entry barrier is historically low.

For many buyers, yes. A €10,000–€30,000 property often:

• Requires less bureaucracy

• Has fewer renovation constraints

• Allows faster move-in or rental income

It can be a more strategic and emotionally satisfying choice.

Affordable Italian properties are limited assets. As more North European and American buyers enter the market, supply decreases. Waiting may mean paying significantly more later.

Request due diligence documents, evaluate renovation feasibility, and submit a formal offer.

If you are seriously considering buying property in Italy, acting decisively is often the difference between opportunity and regret.

Low-cost properties move quickly — especially those suitable for immediate renovation or rental potential.