Italy Property Renovation

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 :

• cover the key areas to pay attention to before committing to buying a property for renovation,

• then we reveal our top tips to ensure success when embarking on restoration in Italy,

• we even review the do’s and don’ts in home renovation for profit .

The renovation trend has also been helped by government tax incentives – 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 against income tax liabilities, if you are resident. If the renovation work is to rectify unsafe parts of a building, 19% of the cost of the work can be set against tax.