This document is intended to help you understand and deal with the risks involved in a real estate transaction in Italy.
Although the Italian legislation can be very effective in protecting real estate investments, a large number of investors experience recurrent frauds such as the following ones:
• Buyers losing deposits because the builders become insolvent.
• Buyers who bought unaware of outstanding mortgages, tax liabilities or other charges against the subject property.
• Buyers finding themselves with unauthorized buildings
In my professional experience I noticed very often that clients are facing problems that could have been very easily prevented taking independent legal advice before the point where there is a legally binding agreement such as a “Reservation offer” or a “Preliminary contract”.
The property that you are considering to buy might have legal and structural problems which are not always evident unless you are a professional of the field.
The consequence might be you not being able to sell your property for a long time and maybe facing major legal problems.
