Calabria Property Italy — Buyers Guide FAQ
Frequently asked questions about buying and living in Calabria, Italy.
Living in Calabria — FAQ
What is the cost of living in Calabria and Italy?
Generally speaking it is lower than the UK or Ireland. Northern Italy is more expensive than southern Italy and places such as Calabria with its agricultural economy are cheaper still.
Can I receive my pensions or benefits if I live in Calabria or Italy?
Yes, your pension and benefits can be paid directly into your bank account at home or abroad.
Should I learn the Italian language?
If you are planning to work in Italy then it is essential. If you intend to reside or visit, your enjoyment will be greatly enhanced if you can speak some Italian.
Can I work in Calabria and Italy?
Yes. The Single European Act of 1 January 1993 created a single European market allowing all EU nationals to work in all member countries.
What is driving like in Italy?
It only takes a few days to adjust to driving on the other side of the road. The main roads in Calabria are very good and the Italian government is spending millions of euros building new motorways.
What about healthcare in Calabria and Italy?
The Italian National Health System (Servizio Sanitario Nazionale) offers low-cost, high-standard healthcare. A residency permit allows you to register with the local health authority.
Can I use my UK electrical appliances in Italy?
Yes if you use an adaptor. However, it is easier and cheaper to purchase appliances in Italy for your new home.
What are the annual running costs of a home in Calabria?
For an average 2 or 3 bed property, allow £1,000 to £1,500 per year including local tax, insurance, maintenance fees, gas, water and electricity.
How should I furnish my property from scratch?
Italy is famous for its stylish and low-cost furniture. We can arrange furniture packs or introduce you to local shops and suppliers in Calabria.
How can exchange rate variations be managed?
You can lock in today’s rate by buying forward, removing the risk. If you are renting out your property, open a euro account to build up a euro fund for paying bills.
How do the Calabrians treat foreigners?
Calabrians are some of the friendliest people you can meet. Local crime rates are low and the streets are safe.
Purchasing in Calabria — FAQ
Do I need permission to purchase in Italy?
No, and as an EU citizen you are free to come and go as you please.
What are the costs of purchasing property in Italy?
Lawyer's fees, the notary, VAT & taxes, bank charges, etc. are approximately 13% of the property valuation.
Do I need to be present in Italy to complete the transaction?
No, you can give power of attorney to your lawyer.
Can I transfer money in and out of Italy?
Yes, money can be freely transferred between EU countries.
Should I make an Italian will?
Strongly recommended. It does not interfere with any main will made in your own country.
Is there Inheritance Tax in Italy?
In October 2001 the Italian government approved law 383/2001 abolishing inheritance tax between spouses and relatives to the fourth degree.
Can I own freehold property in Italy?
Yes.
Are mortgages available in Italy?
Yes. Local Italian banks offer mortgages usually to 75% of valuation subject to proof of income. Some UK financial institutions also offer euro mortgages to 80% of valuation.
What deposits are payable?
Reservation fees of €3,000 secure the property until the main contract is prepared and signed 4–6 weeks later. Then 50% of the purchase price (less the reservation fee) is payable upon signing. Nothing else is payable until you accept delivery on completion.
What about regular bill payments?
Your lawyer will ensure all services are connected and guide you through setting up direct debits with your local bank.
What if I want to live in Calabria permanently?
As an EU citizen you are entitled to reside and work in Italy. You will need a Codice Fiscale (National Insurance number) and if you want to work, a Carta di Soggiorno.
What are the schools like in Italy?
Education is free and compulsory for children between 6 and 16 years. For very young children there are Scuole Materna or Kindergartens.