Italy property renovation will be key to your property investment
strategy, unless you opt to buy a condo in a large city. The reason for
the emphasis on renovation rather than new development in Italy is
probably due to one simple reason – the old, often historically
significant properties, are overwhelmingly more desirable to most
Italians and investors drawn to Italy than new properties.
To help you along the way in your property restoration project in Italy, we :
The renovation trend has also been helped by government tax
notably the level of VAT for renovation on properties is only 10% of the value of the work done instead of the normal 20%.
Up to 36% of the costs of renovation work can also be set
income tax liabilities, if you are resident. If the renovation
unsafe parts of a building, 19% of the cost of the work can be set
Liguria › Italy Property Renovation
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