A Guide to Buying Property in Sicily
Sicily is a beautiful country and is highly popular with holiday goers and property investors. This wonderful country enjoys a Mediterranean climate with warm and wet winters and hot and dry summers. Sicily is very close to Italy and is under Italian law and reign.
Art, cuisine and architecture here are extremely popular and make Sicily’s culture fascinating for many tourists and non resident buyers. There are several smaller islands surrounding Sicily which are classed as part of Sicily. Many people enjoy the beautiful climate and warm sandy beaches in this country, making it one of the most popular holiday destinations.
Sicily is probably most famous for its orange and lemon orchards and these countryside fields have attracted tourists throughout the world for many years.
The Sicilian Property Buying Process
A deposit for a non resident purchaser is usually about 10 to 30 percent and is non refundable should you pull out of completion. Registration tax is usually about 3 percent of the property purchase price and is payable by the purchaser but is only 3 percent if you plan on living here permanently. If you are planning on buying this property as a holiday home and will not be staying for more than 183 days of a year then you will pay 7 percent.
You will require a notary and you will need to have an Italian bank account to have the funds ready for the purchase of the property.