Buying a vacation home in the Eurozone [closed]

Buying a vacation home in the Eurozone [closed] - Happy couple kissing in bath during romantic leisure at home

I've lived in Italy a few times (student visa, then just a normal vacation visa for a few months) and I've traveled quite a bit. I also work in tech in the bay area, and buying a home here seems outside my price range, despite earning a fair amount. I've decided that I'll continue to live in my nice, cheap, rent-controlled apartment in Oakland for a while, and use my extra income to buy a home abroad (either as a vacation/rental home, or eventually to move).

What sort of laws apply to foreigners buying houses in the Eurozone? I'd specifically be looking in either Ireland or Italy (I looked in to getting Italian citizenship, and I'd be eligible were it not for Venice's special status in Italy).

I assume there would be property taxes, and that if I rented it out I'd need to go through proper channels and probably have to pay additional taxes. But, if I decided to move, would I be limited to staying only 3 months out of the year (the US->Euro travel visa limit)? Are there any other restrictions I should know about?



Best Answer

You can own an house in Italy, read here for some taxes explanation (not really updated, ICI is now IMU) but pretty clear.

BTW I strongly suggest you to use one of the many italian properties websites you can find on the Internet. They can follow you in the whole process.




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Where can I buy a holiday home in Europe 2022?

  • Funchal, Portugal. Situated in the heart of Madeira, one of Portugal's most popular surf spots, Funchal is making waves in the property investment field. ...
  • Shanklin, England. ...
  • Marseille, France. ...
  • Formentera, Spain. ...
  • Gierle, Belgium. ...
  • Ballstad, Norway. ...
  • Andorra la Vella, Andorra. ...
  • Sardinia, Italy.


Can I buy a house in Germany after Brexit?

There are no restrictions to foreigners buying property in Germany. You may buy property in Germany even if you are a non-resident and not an EU national.

What is the easiest European country to buy property?

Greece. Greece is one of the most accessible countries in Europe when it comes to residency. Greece offers the Greek Golden Visa\u2014a residence-by-investment visa program that's giving Spain and Portugal a run for their money for the most popular in Europe.

Which European country is best for property investment?

Luxembourg has experienced the biggest property price growth within Europe this year. The country tops the Knight Frank Global House Price Index, coming in at third place for Q1 and Q3 and second place during Q2. There was a 13.4% annual increase in Q3, which includes an 4.3% jump from the previous quarter.



How I Bought my Little House in Italy during the Pandemic - Everything You Need to Know




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