Italy’s islands provide a unique twist on private island living. Some of this country’s islands are located in the Venetian lagoon, providing privacy, but just a short boat ride away from all amenities. Imagine exploring the canals of Venice from your own front door. Italy’s islands ... + Read More
usually have some interesting history, whether they house an ancient castle or were used as a medieval fortress. Italy offers much in the way of romance; with its sumptuous landscapes, expansive history and tasty cuisine, it’s hard not to fall in love with this country. Private islands in this region are available to foreigners on a freehold basis.
Italy Foreign Ownership Info
Italy doesn’t have many restrictions of foreign ownership but the country does have a lot of red tape when it comes to buying property. Make sure to use a bilingual lawyer if you don’t speak Italian. Lawyers generally charge 4-6% of the purchase price, but they are very necessary in navigating the real estate laws of Italy. Closing costs in Italy can reach as high as 20%. The lawyer should ensure that the private island has no debt against it. In Italy, debt remains attached to a property, not a person, even after sale. A lawyer will also check the title, local planning restrictions and ensure the vendor has the right to sell. - Read Less