1-bed Apartment in Rio
€95,000€2,375/m²
1
bedroom
1
bathroom
40 m²
interior
Apartment
property type
1 week ago
listed
About this place
REF. 623 - in the historic center of the village of Rio nell 'Elba apartment completely renovated and finely furnished, bright and very welcoming The apartment consists of a large living room with kitchenette, double bedroom and bathroom. Tuscan terracotta floor, exposed beamed and sandblasted ceilings, Tuscan-style fireplace. Independent entrance. Excellent investment also in terms of profitability from tourist rentals.
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
