Country house in Rio
€90,000€1,500/m²
60 m²
interior
House
property type
1 week ago
listed
About this place
rif. 622 Valle dei Mulini - Rio nell'Elba Caratteristico mulino con progetto di recupero in piccola parte a civile abitazione con vasto terreno circostante adatto per amanti del recupero del rustico agricolo. Ottimo investimento
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
