Rental Property Investor · Munich, Germany · Member since 2018 · 54 posts · 22 votes
6y
Hi Jonpaul, such a coincidence! I was supposed to go to a marriage in Sorrento this summer but plans changed due to COVID.
I haven't seen any changes in Inventory so far. Italy was getting a higher number of sales pre-COVID (higher volume, not higher prices), but then things slowed down due to the quarantine, etc. Here's an article in Italian about that:
I don't have any guide or article in mind, but I'll look into that. The process is different from the US, but it's pretty much the same for EU citizens and foreigners. Some banks will give you a slightly higher LTV % if you are an EU-citizen, but what counts most is your place of residence. If you live outside the country you are buying in the EU, it hardly goes over 50/60%. For example, I am Italian, I own property in Italy, but I live in Germany and my primary income is from Germany, so Italian banks give me a hard time financing there. It's possible, though.
I have four doors in the Lombardia region ("near" Milan) and one in Friuli Venezia Giulia. I don't know much about Südtirol but's a pretty developed area too. Many people only speak German there... =P Amalfi I don't know much either, just that is pretty touristic and a VIP area.