Il Nido Apartment in Petritoli
€60,000€706/m²
Petritoli, Marche, Italy
85 m²
interior
Apartment
property type
1 week ago
listed
About this place
Il Nido ‘The Nest’ is an elegant and spacious apartment created out of the 14th/15th century vaulted cellars of Palazzo Scarsini, situated a 2 minute walk from the centre of the historic town of Petritoli, one of Italy's most beautiful villages. The apartment offers over 85 m² of open plan living and has been fully renovated with original brick vaults and walls professionally sand blasted, renovated and repointed. It features a king size bedroom created from the old medieval vaulted cistern with views to the south over rolling hills, a large living room with impressive vaults, an open plan kitchen and dining area with a large south facing window, a modern kitchen with fridge, oven, hob, dishwasher and washer/dryer, a luxurious bathroom with a large walk in shower and Venetian plaster walls, a full dressing room, and owners storage area. The home has underfloor heating, radiators, fibre wifi, cable TV, DVD player, air-conditioning, a new study/occasional bedroom, and a small outside seating area. The property is accessible down a cobbled street with some steps and may not be suitable for those with mobility issues. The apartment is sold as fractional ownership with a 1/12th share giving 4 weeks exclusive annual residency, with a flexible residency calendar and professional management.
Buying property in Italy
Italy is open to most foreign buyers under reciprocity rules (EU/EEA buyers always; non-EU buyers from countries with bilateral agreements, which covers the UK, US, Canada, Australia and most major markets). A codice fiscale is required, and a notaio handles the conveyance as a neutral public official. An independent lawyer or geometra is strongly recommended for due diligence.
The €1 home schemes in southern villages are real but come with strict renovation deadlines (typically 3 years) and security deposits.
Non-resident mortgages from Italian banks are available but limited (typically 50–60% LTV).
The prima casa (primary residence) tax rate of 2% requires you to declare residency in the same comune within 18 months of completion — failure means back-taxes plus penalties.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference


