Apartment in Portoferraio
€250,000€3,571/m²
1
bathroom
70 m²
interior
Apartment
property type
1 week ago
listed
About this place
Ref. 128 - Apartment located on the first floor with elevator for office use but convertible into a civil house of about 70 square meters with terrace, near the beach of Gravels and all services. Currently rented. High rental profitability but also a real deal if returned to civil housing. Recently renovated building in the facade and roof. Refrain from curiosity
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
