5-bed Apartment in Rio
€189,000€1,260/m²
5
bedrooms
1
bathroom
150 m²
interior
Apartment
property type
1 week ago
listed
About this place
REF. 627 - RIO NELL 'ELBA VIA NARDELLI Property of about 150 square meters. placed on several levels with two separate and independent entrances, partly to be renovated and divisible into two apartments of large size. The property also includes a small outdoor building with a cellar to be renovated. The property could also be used as a B&B with 5 rooms available. The location is panoramic and central. Easy parking in the immediate vicinity. Excellent investment.
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
