Tax Incentives

Rich Americans and Britons rush to buy cheap second homes in Italy

Business Day. Alice Kantor. October 21, 2021 Homes in Italian cities and the countryside have always held an allure for foreign buyers. Now the pandemic is supercharging demand from well-off Americans and Britons. That’s because a range of tax incentives, relatively lower prices and the potential for working remotely has kindled their desire to buy second homes in Italy. “There’s been a...

Buy a house for 1 euro while saving on taxes: a unique opportunity for foreigners in Italy

The Florentine. MGI Vannucci & Associati. October 5, 2020 In 2008 the town of Salemi reached international headlines due to an interesting real estate program: houses on sale for 1 euro. Many foreigners who had always dreamed about being immersed in one of Italy’s mesmerizing towns and surrounded by its art and history, filed thousands of requests from all over the world. Nowadays,...

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