Land in Portoferraio
€130,000€4/m²
30,000 m²
interior
Land
property type
1 week ago
listed
About this place
REF. 120 - very panoramic, urbanised agricultural/woodland land (road, electricity and aqueduct water), with an agritourism feasibility project in the process of being approved (the cost will be added to the price requested at the time of defining the practice). The soil has flounces and numerous fruit and olive trees, in need of cleaning, which must be authorised with the relevant permits. The location of the land is sunny as well as overlooking the town and the Gulf of Portoferraio, suitable for any agricultural production. Information in the agency.
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
