Types of property in Italy

Types of property in Italy

Property in Italy can be categorized into several different types. Of course, each type comes with its drawbacks and advantages but these will depend on the reasons you are buying the Italian property.

The country of apartment blocks

Italy in general is a country of apartment blocks. During the post-war population boom thousands of pastel coloured buildings appeared in every city and town. So, it will be very difficult to find any Italian family living in their own detached home, especially find one for yourself.

Detached homes in Italy are reserved for villas and farms. Most of them are very old and usually contain a large piece of land and equally high price. Often these are heritage listed or bound by strict laws concerning what can and can’t be done with them. They are also in need of serious or even complete restoration.

Height restrictions

Types of property in ItalyThe typical Italian apartment consists of two bedrooms with one bathroom. The size depends on the city, but you can expect it won’t be extended. There are height restrictions in apartments ensuring apartment blocks are three to four floors high. Usually the conditions are good. If you are renting an Italian apartment then you have the right to demand anything broken be fixed and the landlord will foot the bill.

Building inspection

If you are planning to buy an Italian apartment, you should know that you are not really protected. The majority of apartment blocks in Italy were built in the 1960s and 1970s, so it’s important to ensure you get a good and thorough building inspection before completion of any deals.

There is a possibility to buy property in the new building which is no more than 20 years old. The main advantage of this type is that it is a very low maintenance. New buildings will almost always be part of condominium and you will buy an apartment. It is noteworthy that in this case you will own a proportional part of the freehold on the condominium and be responsible for general maintenance.

It is also worth to be noted that if you want to buy ruined property in order to make an extensive repair, you should think very carefully before doing so as habitable property may represent a better value than this one.

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