The costs of buying a property in Sardinia: what to expect when investing in this picturesque destination
Investing in a property in Sardinia can be an exciting step, but it is important to bear in mind that, beyond the purchase price, buying can involve additional costs. Here are the key aspects you should consider before any property purchase:
COSTS ASSOCIATED WITH BUYING A PROPERTY:
1. Property transfer tax (Imposta di Registro):
The property transfer tax amounts to 10% of the purchase price for new builds and 9% of the cadastral value for older properties. You will find the cadastral value in the “Visura Catastale” document for the specific property.
There is also a tax relief available if you are buying your first property in Italy and intend to use it as your permanent residence (the so-called Prima Casa). In that case, VAT is 4% for new properties and the transfer tax for older properties is 2%. The tax is paid together with the notary’s fee directly into the account of the notary’s office.
2. Notary fees:
The notary is a key figure in property transactions in Italy. Their fee usually ranges around 3,000 – 4,000 euros. Under Italian law, the buyer chooses the notary, so I recommend requesting quotes from several notaries and then picking the best offer.
3. Estate agency commission
If the purchase goes through a local estate agency, the commission is paid by both the buyer and the seller. So expect to pay a commission of roughly 3 – 5% of the purchase price plus VAT.
4. Translation costs:
Depending on your command of Italian and of official documents, you may face translation costs in order to fully understand all aspects of the transaction.
5. Attorney-in-fact (procuratore):
Engaging an attorney-in-fact may be necessary to ensure the whole process runs smoothly, and it is essential if you do not understand Italian. The fee for this service ranges between 1,000 and 1,500 euros.
ANNUAL TAXES
1. Property tax (Imposta Municipale Unica):
The property tax is split into two instalments: the first instalment, amounting to 50% of the total, is due by 16 June, while the second must be paid by 16 December. This tax is calculated on the cadastral value of the property.
2. Waste collection tax (TARI)
TARI is usually due once a year. Payments are often split into two parts, with the first instalment due by a certain date and the second by another deadline. Alternatively, you may be offered the option of a single full payment by a set date each year.
Thinking about buying a property in Sardinia? We’ll be happy to help
On request, we will prepare an estimate of all the costs associated with your property.
The apartments and villas for sale listed on our website have been carefully selected and vetted.
We work with local estate agencies, notaries and lawyers, so no unpleasant surprises await you. We will arrange translations, an attorney-in-fact and every service needed to make your dream come true.
Our relationship does not end with the purchase of the property.
We offer our clients a wide range of services, from building work and accounting assistance to help with renting out the property, property insurance, transferring electricity and water contracts, arranging a wifi connection and much more.
We can also handle all the services related to renting out the property for tourism purposes (check-in, cleaning, laundering of bed linen, etc.).
📞 Contact us: +420 604 676 525 (whatsapp), +39 348 903 7671, info@sardaterraold.local
🌐 Apartments for sale in northern Sardinia: [www.nemovitostisardinie.cz]
🌐 Apartment rentals in northern Sardinia: [www.tvojesardinie.cz]
