Italy Properties - Luxury Property Developers

Italian Residency Laws

Obtaining a Residency in Italy

Non-EU citizens who wish to stay in Italy for more than 90 days must apply for a residence permit ('permesso di soggiorno'), issued by the District Headquarters of the Police of State ('Questura'). Staying in Italy without such authorization may result in the immediate deportation from the Italian territory.

The residency permit issued by Italy also allows the non-EU citizen to stay in all the other EU countries (with the exception of United Kingdom) for a maximum period of 90 days without any need of visa issued by such countries.

Yearly, the Italian government sets out immigration quotas divided per country of origin and type of residency permit. An average of 150.000-200.000 residency permits are issued every year (last year over 700.000 applications were made).

In order to obtain the residency permit, the non-EU citizen must fulfil two crucial conditions:
1) he/she must have a job in Italy granting him/her and any family (should they wish to have
his/her family in Italy as well) adequate economical resources;

2) he/she must have the availability of a adequate lodging on the Italian territory.
In light of the above, non-EU citizens owning properties in Italy cannot apply for a residency
permit adducing this sole reason.

A specific type of residency permit (choice of residency permit: 'permesso di soggior-no
per residenza elettiva') may be issued should the non-EU citizen be able to prove
the availability of ample economical resources coming from properties rentals, pensions,
etc.

In such case the condition of having a job in Italy is not required.

Vacation rentals in Italy are often offered by the owners of the properties or agents may also offer property for sale or rent. If you are considering buying real estate in Italy or anywhere else for that matter, the most widely used method of borrowing the funds to make the purchase is a mortgage. International Property Developers has agreements in place to offer the services of a well known mortgage company who will help at the required stages of a mortgage application. International Property Developers can also help you obtain great currency exchange rates with it's partner MoneyCorp.

Increasing numbers of investors using International Property Developers are buying real estate globally with a view to using them as a vacation rental or for capital appreciation. Returns on this investment can be very good and the prices in some emerging markets are very attractive. A mortgage can be used to fund the purchase of a house, home, apartment or villa in many cases.

If you are looking into purchasing or renting or trying to find a property for sale in Italy you may be limited to the type of alterations you can make to the property. You will benefit from living in the environment of your choice plus, in many cases, your improvements will add to the value or saleability of your home - but always ask the local authorities, developers or agents on the ground who you found through using International Property Developer's services. If you are looking to rent out a property in Italy or anywhere in the world - it is wise to find out the possible rent that can be achieved or if there are any comparables available. Rental yields will vary according to location, market conditions and the property conditions itself.