Yes, don't buy property there as an investment... buy property there as a way to have a full, happier and longer life.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Cal Depen Exactly!!!!

@caldepen372

7 ай бұрын

Pay someone. There are tons of agencies that do the work for you. A few thousand euros on top of an already very cheap property is an easy choice. I'll sit back and enjoy my aperitivo while the negative people struggle back in cold winters in an overpriced society.... @jahonain

@saveandinvestwithgiorgiolo8375

5 ай бұрын

@jahonain Acyually buying property in Italy is much simpler than countries like the UK

It really made no sense to me when he said ''It doesn't matter whether I'm right or wrong, whether the market goes up and down. I'm good regardless''. People are really losing a sh*t ton of money out here. I personally have been buying stocks since the beginning of the year and yet nothing's changed, but I've been reading articles of people still in the same market pulling off over 350k in just a couple months. Its tough out here!

@brownwellson54

7 ай бұрын

Agreed! I first contacted a Financial Analyst because these days, it's easy to buy into trending stocks, but the task is knowing when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. I’m currently 60% up in profits just in 5months with my initial capital of $160k

@brownwellson54

7 ай бұрын

Sure. Jenny Pamogas Canaya a well-known person in her field, is my advisor. I got to know her through my wife. It's my wife that has her number, but you could further investigate her credentials and contact her yourself.

@saveandinvestwithgiorgiolo8375

7 ай бұрын

???

@user-bz6nt2ez5q

7 ай бұрын

😂​@@saveandinvestwithgiorgiolo8375

@KnightlyHouse

4 ай бұрын

stop spamming the comments section with these lies and nonsense.

Thank you for an informative and realistic perspective that doesn't romanticize the situation.

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

Thanks MaryJo. I think Italy is more of a lifestyle purchase. I would say though prices are now even lower than when I made this video

Thanks, Giorgio, very informative and brief!

@saveandinvestwithgiorgiolo8375

4 жыл бұрын

Many thanks I am pleased this video helped

How refreshing to have someone like yourself deliver such useful information so succinctly! I wish more content creators would follow your example. Thanks for the very valuable insights 🎉

@saveandinvestwithgiorgiolo8375

10 ай бұрын

My pleasure and thank you for your feedback.

Thanks for all of this information I've just found it! Very interesting indeed and straight to the point very sound reasons too! 😁

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Thank you for your feedback Liz

@lunis471

3 жыл бұрын

@@saveandinvestwithgiorgiolo8375 what about land I've seen some nice olive groves for sale for 15.000 euro we are not looking to build we go over there several times a year so I wandered to invest in some land thank you .I think it's about 2000 euro fees would I be on the right track at that figure thank you

You are one of the most underrated investment consultant on youtube! great info.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Thank you very much Naman

@namanagrawal5223

3 жыл бұрын

@@saveandinvestwithgiorgiolo8375 Sir what's your view on investing in Vineyards in Italy. Perhaps, developing a vineyard with a hotel/resort for tourism ?

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

@@namanagrawal5223 I think this would be more of a lifestyle change. It is an area where you need to do a full investigation of what the supply/demand in the are you want to invest in. However there is still a lot of room for tourism to grow in Italy so if you do your homework it can be a good investment as well as lifestyle change

@namanagrawal5223

3 жыл бұрын

@@saveandinvestwithgiorgiolo8375 My question was rather in terms of the value of a vineyard, to be specific, would it be an appreciating asset or a depreciating asset?

Well, I’m so glad I watched this. Thanks for the information 🙏👍

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

No problem Antonio. Italy in general is more of a lifestyle purchase.

@antoniochiappetta4833

2 жыл бұрын

@@saveandinvestwithgiorgiolo8375 So would you say it’s safe to assume that real estate and rental will continue to fall in the next decade? I would actually prefer to rent than own.

Thank you so much for your insight. I was thinking of buying in Rome and I think you just saved me a bundle.

@saveandinvestwithgiorgiolo8375

Жыл бұрын

In Italy you generally buy as a lifestyle purchase rather than an investment.

Subscribed. Great info,. I was planning to buy a vacation home in Lake Como and rent it with Airbnb, your thoughts Please

Excellent points. The geo political and economical pitfalls make Italy and very poor option for investment. But I’m looking at retiring in Italy but am concerned with unloading the house 10-15 years down the road. Thanks.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Thanks for your feedback Gary

THANK YOU VERY MUCH FOR YOUR HONESTY. AT LEAST, I KNOW WHERE I STAND IN TERMS OF WANTING TO PURCHASE PROPERTIES IN ITALY BUT NOW AFTER WATCHING YOUR VIDEO I WILL DIVERT TO PURCHASE THEM IN OTHER PARTS OF EUROPE IN FEW YEARS TIME ,WHEN THE TIME IS RIGHT. I LIVED IN ITALY IN THE PAST FOR 2 YEARS.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Hi Valerie. Thanks for your feedback. Italy is a bit more of a lifestyle purchase and there is nothing wrong with that but I think long term there are better places to invest in real estate. One positive since I made this video is that Draghi has become Prime Minister and that can only be a good thing for Italy and real estate in Italy

@valerienetto6979

2 жыл бұрын

@@saveandinvestwithgiorgiolo8375 Thank you very much.

Very well spoken. Thank you for your insights.

@saveandinvestwithgiorgiolo8375

Жыл бұрын

Many thanks. Like the name of your channel

Thanks for sharing, really informative video. I am currently living in Italy and was thinking about buying but really worried about bureaucracy here and the political environment. If they don't agree on a real plan, that money from stimulus will be lost and they will have to pay it back by charging higher taxes in the future. Also noticed prices and cost of living are still not reflecting the reality of the economic situation today. I talked to older people and they told me that even at the past crisis in Italy and globally, the market starts to react very late to it on average a year or so. Italy is a beautiful country but I hope that they will take the right steps to save it.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Thanks mo man thanks for your feedback. I hope Italy will take the right steps as well. Prices are still to high in many parts of Italy but I have noticed prices dropping in other areas. You are right Italy is a beautiful country.

@newamericansvoice3159

2 жыл бұрын

@@saveandinvestwithgiorgiolo8375 Hi, what do you think of buying a house in Pescia, Pistoria? My good friend lives there.

I was thinking about buying in Northern Italy for short term rentals, but after this video, I’m thinking twice. Thank you for this great information!

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

Thank you for your feedback. I have made other videos on Italy concerning good lifestyle purchases. What may be of interest in the video on the cheapest places to buy real estate in Northern Italy

@lon4930

2 жыл бұрын

@@saveandinvestwithgiorgiolo8375 Looking forward to it! I’m an American, and wanted to invest in Italian property as rental, but after looking over the taxes, I don’t think it will be a good investment.

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

@@lon4930 True taxes are high

@user-bz6nt2ez5q

4 ай бұрын

No good for short term rentals as well as non residents? It taxes would be the same as for residents?

Thanks so much for sharing your wisdom! Very grateful!

@saveandinvestwithgiorgiolo8375

Жыл бұрын

Thanks for watching.

Hello, thanks for sharing your knowledge. Everything you say in the video, does it pertain to rentals only? Would you recommend renting over purchasing as a primary residence in Italy?

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

Carmine it depends on your circumstances. Generally if you buying as a primary residence and not as an investment it is better than renting.

Thank you for the advice very interesting

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

My pleasure

Great Video thank you for the insights

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

My pleasure

Thank you for the tip!

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

My pleasure Mr Miss

Thank you very much for your input

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Thank you spiderweb14

rational good explanation of current factors ... its a good starting point thank you!

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

No problem Laura

Many thanks for your honesty, which is a very rare commodity these days!! Do you have thoughts and advice on other countries?

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

Many thanks Alan. I have covered a number of countries on this channel. Please do not hesitate to check out the videos

Excellent advice - thank you!

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

My pleasure

I appreciate your input Giorgio! If not Italy for investment then where else would you recommend? I have a friend who wants to own apartments in Croatia, I know you are big on Bulgaria. Where would you put your money if lifestyle and ROI are important? Sounds like Italy is all about lifestyle.

Thanks lot for the info you have been providing much appreciated

@saveandinvestwithgiorgiolo8375

5 ай бұрын

My pleasure Hassan

Thank you for this information!

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

No problem at all.

I just subscribed. Thank you so much. your research and time are much appreciated. May I please ask your thoughts about Greece? thanks again stay safe

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Many thanks Maria. I will be making a video on Athens in the not too distant future

@mariapierce2707

3 жыл бұрын

@@saveandinvestwithgiorgiolo8375 wonderful! Brilliant! Thank you!

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

@@mariapierce2707 My pleasure

Giogio you're right about the real estate market in italy. Taxes are really really hight because the italian government think a house is a luxury thing so if you had more than 1 home your gonna pay taxes for the one which is rented. I know this because I'm from Italy but my question is how do I get started with real estate in another country while I'm living here in Italy? If someone knows something about I asked please let me know

@AparicioTomas

2 жыл бұрын

You can start with smaller investments with different crowdinvesting platform. Most of them operate in eastern countries with good growth potential

Good information. These issues will probably be to my benefit. I would like to buy a property for a vacation home and there are many beautiful affordable places. Id get an apartment with a doorman or front desk security so I wont have to worry about break-ins or squatters. I have Italian citizenship so the legalities should be easier. Thoughts?

Where should i buy then? Im looking for investment properties, lifestyle also but less important since i would rent the place most of the time. I live in Europe and interested in cities in or very close to eu. Are Dublin, Dubai and Berlin good options? Also Valencia, Alicante, Trieste, Zagreb, Pula?

Truth...I like it. Good job Giorgio!

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Thanks Bamm Bamm

Dear Giorgio, thank you for this video! Do you have a similar video question - I already watched the video about why dont buy a property in Portugal? Thank you!

@saveandinvestwithgiorgiolo8375

Жыл бұрын

Thank you. I don't really understand the question you are asking. Thanks again.

Thanks for letting us know.

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

My pleasure

Very honest and informative. No wonder selling prices are so low. Which European country would you suggest as an alternative for a non EU resident (with competitive pricing)?

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Thank you Varun. Bulgaria, Poland and Estonia are definitely worth a look. I have made videos on all these countries.

@varunmehta172

3 жыл бұрын

@@saveandinvestwithgiorgiolo8375 Thanks. I'll definitely check them out!

Giorgio what are your thoughts on a guy me 50 wanting to buy one of the 2 euros homes? I have applied to various councils in Italy offering this deal. However, I have never heard back, realise it is a fragile market, but feel it truly is the only way I can get my hands on a home. And yes, Ill put money into it and move over and invest into it, if it were to happen. Its a lottery...but hey I am still hopeful. I don't want to rent a property, just buy renovate, and move in to it. What are your thoughts, do you know of any contacts I could try. Many thanks in advance.

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

Have you ever considered places like Scalea in Calabria where you can buy apartments for as little as 30,000 Euros or perhaps or other parts of Calabria where you can sometimes buy houses for a similar amount of money. I have done two videos on Calabria and one on Scalea. You have my sympathy when dealing with Italian councils.

Thanks for sharing all this information. Do you think the situation is still bad for an investment, since your video is 3 years old? We are thinking to buy in Palermo to run an Airbnb.

@saveandinvestwithgiorgiolo8375

8 ай бұрын

Things have improved over the last three years however I don't think Italy is an investment opportunity. Palermo though is an amazing city with very cheap property and I think you will do OK if you run an airbnb there. You may like the video I made on the best ten places to buy property in Italy. Link is below. kzread.info/dash/bejne/fIuT3LilhLTFdrw.html

Yes, Real Estate/Housing hasn’t been hyper-commoditized like in the US Casino Capitalism System to the point of creating a massive overvalued housing bubble that can crash the national economy.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Thanks for your feedback Amy

@amyhogarten5038

3 жыл бұрын

@@saveandinvestwithgiorgiolo8375 Thank you for the insightful video. The comment is not one of anti-capitalism; it’s one of fiscal moderation and concern of the risks of putting an entire economy’s eggs in one basket. To take a moderate stance in today’s binary world of absolutes seems to be an increasingly lonely place.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

@@amyhogarten5038 Always happy to hear other peoples points of view. Feedback is always appreciated

Very interesting to hear 'the other side of the coin'! There are KZread videos that romanticise doing up italian ruins, it can end up being astronomical and a very bitter experience. Some of those people run businesses (contacts for sale, for lawyer, for architect, for language lessons), they make it sound easy. If you have money to burn it can be a wonderful life experience, but not for regular people, let alone people going in the hope they will be able to 'pick up work'!

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Thanks for your feedback w m. I also made a video on One Euro Houses in Italy which I believe these to be a bad investment. I agree finding work in Italy is very hard especially in the south. If you are going to buy in Italy why not simply buy an apartment in Calabria by the sea for 50,000 Euros. I intend to make a video about this.

@inspiredfree2494

2 жыл бұрын

Really appreciate your videos … have you done a video on this idea - Calabria by the sea? I’m facing huge life changes age 45 and want to go to Italy to study and eventually apply for elective visa to retire so have a 5 year plan. Your video would help so much xx

what about buying a vacation rental in the south as an air b and b? tourists will always come to Italy...I would like to buy a primary property in the north and a vacation apartment in the south to rent out.

@youneslarsson5691

Жыл бұрын

Yeah do it as its all the time fully booked

Giorgio, how to send you private messages from US to your place in London?

Regarding the broker's fee, should you decide to buy a home in Italy, you said the fee is split at 3 percent each, for buyer and seller = 6 percent total...is that still the case? I heard the buyer pays the full broker's fee at 5 percent. Could you clarify/explain or update? Thank you!

@saveandinvestwithgiorgiolo8375

8 ай бұрын

In most cases the agent takes a fee from both the buyer and the seller usually 3 per cent.

Hello , i’m a foreigner and was thinking to purchase a property and make it our families vaca home plus do short term rental like airbnb as i have one already in USA . Purchasing and making it our families vaca home and short term rent how will it do ? Italy get tourism all yr round and i see airbnb is more expensive then other places abroad .

Hi, found the video really informative. Wanted to know your thoughts on the 1 euro houses in Sicily. Thanks.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

%Many thanks Kannika. Regarding the one euro houses in Sicily you have to considered the renovation costs/bureaucracy ant time needed to renovate. At the end of the project will you be able to sell at good profit or failing that get decent rental yields? Consider also extra taxes such as notary fees and 9% tax on deeded value if it is not your primary residence. I saw earlier in the year they were offering 1 Euro homes in Taranto a city in Puglia. I think this would be a better bet than a village in Sicily as they would have a decent resale value.

@kannikasahni4352

3 жыл бұрын

@@saveandinvestwithgiorgiolo8375 I'll look into it, thankss a ton!

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

@@kannikasahni4352 No problem at all

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

@@kannikasahni4352 I have done a video on this very topic

@kannikasahni4352

3 жыл бұрын

@@saveandinvestwithgiorgiolo8375 thank youu!

Thank you for providing reasons to consider not investing in an Italian property.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

No problem Dane

Great video

@saveandinvestwithgiorgiolo8375

4 жыл бұрын

Many thanks Chris

Thank you very much. It was one of the most straightforward and in depth explanations in such a short video. What do you think about buying a house as your own family home though? I'm about to move and work in Milan and I thought about buying one around there probably in nearby cities(my wife is Italian). Would it still be a better idea to rent a house than buying one? Taxation and commission you talked about quite freaked me out..Again, thanks a lot for the information :)

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Many thanks Taek. It depends on how long you are going to be in Italy. If it is for a number of years than I think you are better off buying rather than renting. Obviously if it were for a short period of time then renting is probably a better option. The good thing from your perspective is that since I made this video several months ago property prices have come further down so you could get a bargain and remember if you buy a property in Italy as your main residence (not an investment) and live for more than six months of the year in it you will pay stamp duty of only 2% of the cadastral value instead of 9%

@jeremiahjenkins4098

3 жыл бұрын

I picked up a castle/ hotel dirt cheap here I love it living here

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

@@jeremiahjenkins4098 Prices have dropped in Italy so a good time to buy as a lifestyle purchase. Enjoy!!!!!

@jeremiahjenkins4098

3 жыл бұрын

@@saveandinvestwithgiorgiolo8375 was listed at 50 mill euros before virus then it dropped to 35 I snatched it up for 21 mill euros and sold my house on Fisher Island in Miami

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

@@jeremiahjenkins4098 Well done. It is amazing even near the Vatican in Rome you can buy 2 bed apartments for under 450K Euros as you may have seen on my video on Rome

What’s more, notice periods are normal, but in this area the execution of serving a notice is much more difficult and complex in uk for example

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Agree fully. Unfortunately far too many countries are pro tenant without taking into account that more often than not the landlord is taking a risk especially when they have a mortgage on the property

How much are the tax rates if you buy a house as a foreigner? How much do you pay when you buy in and then how much yearly if anyone knows?

@saveandinvestwithgiorgiolo8375

8 ай бұрын

I will do a video on this topic very soon.

Thanks , really informative, I’m looking to give Lucca a try for a few years , Brexit permitting , I will look to take a rental after this advice. Liked and subbed .

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Many thanks Tim.

@lunis471

3 жыл бұрын

Did you get to Lucca, I visit Viareggio several times a year also visit Lucca on Sundays for the Antique market. Now a different ball game since Brexit, all this 90 day malarkey is just uncool,anyway if your in Lucca say hi to the tore with the tree on too! Lol lol

4yr tenancy term quoted is accurate BUT shorter term tenancies can still be done - state duration on contract. shorter terms lettings are usually furnished with at least a kitchen.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Yes true.

can the same statement be used for spain aswell?

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

Frank in general yes. Spain like Italy is more of a lifestyle investment

where in Europe in your opinion is a good place to retire and buy a modest home. in sunny weather most of the time. Thank you. Sal

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Hi Sal there are some cheap areas in South Spain where you can buy quite cheap property e.g. Murcia region and the weather is sunny most of the year. You could perhaps consider the Albanian coast ( I did a video on this) where you can buy sea view apartments for less than 1000 Euros per square meter e.g. Vlore. For weather purposes Spain would be better but for combination of Sunny weather and investment potential I think the Albanian coast is probably better

@Just_passing_through23

3 жыл бұрын

Turkey

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

@@Just_passing_through23 Thank you for your feedback

Very valid points, I’m in complete agreement with you, but what if I’m an Italian citizen ready to retire soon hopefully in Italy, I need a property to go live in it. Any suggestions?

@saveandinvestwithgiorgiolo8375

4 жыл бұрын

vsabella that is an entirely different matter compared to investing. You could consider renting at least for a time to see if you like the area you are considering retiring in. It is better to retire in the south e.g. Puglia where property and cost of living is cheap and the weather can be good even in winter. Unfortunately the north is very expensive. Thanks

@giuliaamendola9890

3 жыл бұрын

Calabria. You can buy a place for $40,000+. Depending on your needs, there are many very affordable villages in the south. Tuscany and Amalfi totally, almost laughably overpriced. Really any lesser known region you can find reasonable deals.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Agree Giulia Tuscany and Amalfi coast very expensive. Calabria could be interesting but I would also recommend Puglua

@massimilianomarrazzo2392

3 жыл бұрын

Isabella, if you are going to retire, first of all find a place with a good health care system. If your pension allows a decent lifestyle, I would recommend Northern Italy. Many people from regions like Calabria go to North to receive health care treatments

Excellent breakdown . I am a retiree looking to relocate outside the US. Actually I would love to live there but it seems it. Is expensive . .

@saveandinvestwithgiorgiolo8375

Жыл бұрын

Rutherford there are some cheap areas in Italy especially in Calabria. I have done many other videos on property in Italy. Please feel free to view in my video library. Thanks

What about a plot of land?

Short to mid term, still decent returns available especially if a deal can be found

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

In which party of Italy?

Very useful information

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

Many thanks Scaja

Extremely important content, subscribed!

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Many thanks Max

@maxhamilton8204

3 жыл бұрын

@@saveandinvestwithgiorgiolo8375 Sure, no problem Giorgio

What about houses meant for own use/vacation rent ?

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

It really depends on the city/area. I have done videos on Turin, Rome, Naples, Milan and Calabria which could be of some use. Calabria is incredibly cheap (in particular Scalea) and I think Roma/Turin are good if you are considering cities.

@oneworldjournalist

2 жыл бұрын

@@saveandinvestwithgiorgiolo8375 What about Venice ? What are your thoughts on that part of the country ? Thank you!

Hi! You know I've been meaning to buy an appartment in Italy (Pavia inparticular) and I was looking at how property price has degraded over the past 8 years or so. Something like 26%. You're literally the only person on KZread that confirmed my doubts!! Now I came to Italy as a student and I'm going to be here for at least 6 years (medicine) so I thought that instead of paying a monthly rent of £400, bills exclusive, to the university residence for a studio, I can just buy something small (50k roughly) and resell it after I'm done. Do you think this is a good idea? Thanks alot

@kiyoshi8361

3 жыл бұрын

hello, i'm italian, i live in lombardy (near milan and pavia too) and i can confirm all the thing that giorgio said. Some exception for milan (financial core in italy and the highest economic expansion city) and some university towns. My girlfriend had studied in Pavia for 5 year, in rent apartment and it cost her about 5500€ per year in solo and like 4000€ with friend in smalls apartment not far to university. I think if Covid will not definitively change the world and approach to study and culture, a small apartment in Pavia (just like you said around 50k, if you find near university) still be a nice investment. Sorry for bad english and have a nice time in italy :)

@sufianal-ethawi7406

3 жыл бұрын

@@kiyoshi8361 Hi!! Thank you so much for your lovely comment ❤

@elixues

2 жыл бұрын

I am sure many people have the same thoughts as you. Been resisting the urge to look though all the nice properties being put up for sale since I am not ready to buy yet 😆 Btw, I stayed for a while in the rural part of Pavia.. And I absolutely loved it. Do update here if you found a property and also your experience!

@sufianal-ethawi7406

2 жыл бұрын

@@elixues Hi! I did actually end up buying a flat in the Pavia province at the town of Voghera. It's a small property of 60m squared for €32000 (inclusive of all fees). It is 15mins by train to my university so a great discount to the rent I would have paid to university residence during the 6 years. The notaio covers your back by checking it is free of any legal/financial liabilities so nothing to worry about. You would need a registered translator if you don't speak italian well. Best of luck to you 😄

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

Thanks Sufian. You should really only ever buy in Italy as a lifestyle purchase rather than an investment

Wow. I was looking for property in Italy but wasn't commiting because I have not done more homework. You just did a lot for me. I'm selling my land in Panama, Is good here, but I just want to live in Europe for a while.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Hi Regina so pleased to have been of help.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

You can rent in Italy depending on where you go it is not too expensive

@reginapolo3357

3 жыл бұрын

@@saveandinvestwithgiorgiolo8375 I want to stay in a small town near Naples.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Any particular town Regina

@reginapolo3357

3 жыл бұрын

@@saveandinvestwithgiorgiolo8375 I was thinking of Formia in Latina Province, and/or southest of Naples Domenica. Not a whole lot of real estate available for sale in Formia though....bu I was planning on renting first, because so many relocation experts like you advise

Giorgio sei italiano? Mi chiamo Francesco piacere I am living in italy right now and i desperately would like to get involved in real estate investment.. What country should i go to do it?

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Ciao Francesco come stai? Sono Italo Londinese. The country you go depends on a number of factors e.g. budget, level of risk aversion etc. I think in Europe at the entry level Varna/Sofia in Bulgaria are good places to invest. Some of my other favorites are Tbilisi in Georgia and Tallinn in Estonia. I have already made a number of videos on my channel you can watch. Grazie

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Depends where in Spain. Certainly not Barcelona.

@alanmillington942

2 жыл бұрын

@@saveandinvestwithgiorgiolo8375 From what i see Bulgaria is very politically unstable country

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

@@alanmillington942 In what way may I ask?

How about property in Spain and Portugal please reply

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

Kamran please check out my videos on Lisbon, Porto and Madeira. I only recommend Spain as a lifestyle purchase but not in places like Mallorca and Barcelona. I have done videos on these places as well

Most of your points are true for most other european nations, too. Italian real estate is a steal, that's why I'm moving there. Not as an investment but to live there.

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

Thank you for your feedback. Italy is definitely an excellent lifestyle purchase that is why I have made a number of other videos on the country. Good luck with the move

Where is the best place to buy now in your opinion?

@saveandinvestwithgiorgiolo8375

Жыл бұрын

For investment I would recommend Sofia, Budapest, Bucharest and Varna.

So which countries are the best countries to buy and invest in?

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Grace please watch my other videos e.g. on Bulgaria Panama Estonia etc

@tigris5831

2 жыл бұрын

USA!

How much do they pay for property taxes?

@saveandinvestwithgiorgiolo8375

Жыл бұрын

It depends where you live in Italy.

I would agree with 90 % of what you said, although for residents, I think there are some investment and growth opportunities in places like Bologna. One of the biggest problems for Italy and Italians, Is understanding the complicated system. For people looking to invest from overseas I think there are better options.

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

Agree John. I will cover Bologna in the not too distant future

You mentioned non resident multiple times. As an italian resident, do the things change?

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Hi yes you pay a lot less stamp duty on purchasing the property (7% as long as it your only property) and the ongoing costs are cheaper e.g. you do not pay council tax

@user-nb1lt5zr1m

3 жыл бұрын

@@saveandinvestwithgiorgiolo8375 thanks a lot.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

@@user-nb1lt5zr1m Glad to have been of help

What about a timeshare in mountains?

@saveandinvestwithgiorgiolo8375

Жыл бұрын

Not an investment opportunity in my opinion.

Red tape is definitely something I want to avoid. Very interesting to imagine Italy out of the Eurozone but would that mean it would be out of the Schengen region, too?

@saveandinvestwithgiorgiolo8375

Жыл бұрын

I think it is looking less likely now that Italy will leave the Eurozone however even if it did that does not mean it would leave the Schengen area. Remember Switzerland is in the Schengen area and is not in the EU.

So, do you think the conditions have improved since you posted this?

@saveandinvestwithgiorgiolo8375

Жыл бұрын

Steve yes they have improved. I still think though that Italian Real Estate is still more of a lifestyle purchase than an investment opportunity.

@SteveGrin

Жыл бұрын

Thanks! I have few years to go until we can use something enough to make it worth owning, VRBO is cheaper for now. Sounds like the prices should be stable or even lower by the time it makes sense to buy something.

True BUT in the very long term only

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Hi Ajaz why do you say that. Thanks

I'm italian and everything you say in this video is 100% right.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Thank you/Grazie Ivan Ivan

Please find links to other real estate videos below: kzread.info/dash/bejne/oWZ_zLuRfdOpZ8Y.html (Bulgaria) kzread.info/dash/bejne/p5eVpaZrervYc6g.html (Cyprus) kzread.info/dash/bejne/ioaGksyFZJXTlrA.html (Estonia) kzread.info/dash/bejne/eX9ruK6eorKdqbg.html (Hong Kong) kzread.info/dash/bejne/lmx7mraef67FhqQ.html (New York) kzread.info/dash/bejne/YpVt1cF-pbfUn8o.html (Tibilisi) kzread.info/dash/bejne/nYamt8N-f5qrhqg.html (Paris) kzread.info/dash/bejne/eZ6Drseikq-Ygpc.html (Cambodia) kzread.info/dash/bejne/hp2C1LdueKnfdNY.html (Montenegro) kzread.info/dash/bejne/mIKgtseeo7DdmrA.html (Barcelona) kzread.info/dash/bejne/mIKgtseeo7DdmrA.html (Poland)

In italy there are this kind of problems.. but they are in the prices (if you compare the Italin price with Paris or NL you see it very well..). If in the future Italy will solve just some of this problems the prices will go up

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Andre thanks for your perspective. I do feel Paris is overpriced and a bad investment as well (I made a video on this). I would love to see Italy solve some of its problems but how it is a very old population with a low birth rate a high debt ratio and many youngsters ambition is still to have a state job so they do not have to work hard for their salary

@laetussanta

3 жыл бұрын

@@saveandinvestwithgiorgiolo8375 italy has many souls inside, from north to south and this is reflected in the real estate market. The north of Italy is responsible for a very big part of the gross domestic product and in the north its young people have no ambition to get a state job. In the south the cost of living is very low and therefore many aspire to a state job because it is enough to live well and in peace. The North therefore has a better economic development. But the south is an excellent tourist destination. The center is a mix between these realities. I would like to correct some of your points: a) Italian taxation on residential property is 20% if you use the flat tax. It reaches 10% if the rent is below a certain threshold ("agreed rent"). b) Italy has a drop in births but is in line with other European countries. Germany has a worse birth rate. c) italy offers to the wealthy of other countries to pay a fixed annual fee of 100,000 euros and have 0 taxes on worlwide earnings. In doing so it is attracting millionaires from all over the world (the most famous case was C. Ronaldo). This has helped to push the market in Milan d) loans can be obtained at an interest rate of 1.5% for 20 years e) rents do not change easily but the rental market does not tend to move much, so in general it is not perceived as a problem f) Italy offers a perfect climate, nature, food, beauty, at a very reasonable cost compared to other European capitals. All these aspects will count more and more in the post covid, and with the smart working g) the debt is under control even if high: today Italy pays less than 1% at 10 years. Italy enjoys strong support from the European Central Bank h) the indebtedness of its population is very low, and Italians have a high level of individual wealth, the opposite of what happens in the Netherlands i) according to UBS, Italy is very good to invest in the real estate market (they refer to Milan): www.ubs.com/content/dam/static/emailer/2019/sept/BR-108576/global-real-estate-bubble-index-2019-global-version.pdf

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

@@laetussanta Thank you so much for this analysis. Sorry I only just spotted in. I agree with a lot of if not all of your points.

@auau.

3 жыл бұрын

@@laetussanta don't tell everyone. 🤫 Let's just keep it between us for now.

So, in which country should one buy real estate?

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

Please check out other videos about on my channel

Hello sir I like your video 😊 I'm from India, how can I buy land in Italy please suggest me

you are great

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Thank you Jamal

Sir is there any best European country where we can buy property or start business in $10000-20000

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Hi Amit that is quite a tight budget. You may be able to buy a house in Bulgaria but it would be quite a long way from a big city. If you want to be nearer a big city perhaps a small studio apartment could work.

@gymgazm

3 жыл бұрын

@@saveandinvestwithgiorgiolo8375 Thanks a ton sir, btw I can increase my budget to $30000. In this range which country will be good option ?

@jansenmonica6339

3 жыл бұрын

@@gymgazm have you tried investing into the foreign exchange market?, It's quite profiting when a professional guides you into making profits

@jansenmonica6339

3 жыл бұрын

I have come across different professional traders with the likes of Kristine Mary Lansing, Bryan Johnson, Amber Rodriguez etc. But I will recommend Kristine Mary Lansing because her services are top notch and sourced after.

@jansenmonica6339

3 жыл бұрын

You can do more research online about her and connect with her through her webpage

O.K another good job from you discouraging investing in Italy just like what you did for France. It is time to tell us where in Europe you think is good to buy a property? Also what country you are living currently? Just curious .

@saveandinvestwithgiorgiolo8375

Жыл бұрын

Bulgarian cities like Sofia and Varna, Bucharest, Budapest are amongst cities I recommend.

Location location location Who wants to live in Bulgaria or Colombia

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Hi Doug Bulgaria and Colombia are beautiful countries in which to live. Unfortunately media coverage in the west does them no justice.

@BoBo-ti6jh

2 жыл бұрын

As a South American I would not recommend Colombia.

If anybody is interested in analysis of a particular Italian city e.g. Rome/Milan or a particular region please let me know. Thanks.

@mas3116

3 жыл бұрын

IAM still waiting for Turkey review, please, do it

@ValoreAcademy

3 жыл бұрын

I would love more analysis of Italy, especially of the northern cities.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

@@ValoreAcademy I will definitely do more analysis on Italian places in the future

@mharrisona5526

3 жыл бұрын

Thank you for the information. I’m interested in Calabria and Salento .

@Anastasia-el6dt

3 жыл бұрын

I am interested in an analyses of the real estate in Lazio, by the sea, closer to Rome... for s summer vacation home, which in time, it would also mean relocation.

Not going back to the lire regardless Genoa is one of the best places ever to buy maybe not invest to make money but amazing affordable place to own

@saveandinvestwithgiorgiolo8375

Жыл бұрын

Sam I actually did a video about buying the best places to buy on the Italian Riviera and Genova came top. Agree an amazingly cheap city to buy property.

@Pondview8

5 күн бұрын

Rental income tax is 21% flat tax

@Pondview8

5 күн бұрын

Airbnb income is high is high tourist areas like lake Como

What’s your thoughts on small flat in trasterve in Roma? Rent to college as off campus housing. Mostly Americans who rent it.. My family uses it’s twice a year.

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

Eric should be fine. As on my Rome reply the main problem in Italy is when you rent long term to locals

Property buy in your YT for not European Union citizens is 15% or for non-EU citizens is 15%? Do you think Spain is any better?

In your clip, you referred to Bulgaria. I would like to further elaborate that while Bulgaria has an income tax rate close to 10%, the prices of equivalent real estate costs are approximately 20% to 50% higher compared to France and Italy. Pound for pound, France would be considered the optimal choice, followed by Italy. Bulgaria, on the other hand, ranks lower on the list due to its relatively lower quality, higher prices, and significant reconstruction costs attributed to labor quality.

@saveandinvestwithgiorgiolo8375

Жыл бұрын

A confused answer. Real estate prices in Bulgaria are much lower than France and Italy.

@yanbu000

Жыл бұрын

@@saveandinvestwithgiorgiolo8375 ...you don't know what you're talking about I have four properties in Bulgaria. I do know what I'm talking about.

@saveandinvestwithgiorgiolo8375

5 ай бұрын

@@yanbu000 In what way do I not know what I am talking about?

@yanbu000

5 ай бұрын

​@@saveandinvestwithgiorgiolo8375 Говоря от гледна точка на живеенето тук в продължение на 16 години, притежавам общо пет имота, от които четири все още притежавам, и всеки един от тях е напълно реновиран. Разбирам пазара на недвижимите имоти, понякога невероятните сложности при ремонта и как да работя с много трудната култура в България. Коментарите във видеото забравят някои от абсолютните ключови проблеми при извършването на нещо в България и разбирането за прекомерното ценообразуване в страната. Важно е да се осъзнае, че основната икономическа система в България се базира на недвижимите имоти. Недвижимите имоти са като злато, така че всички правила се въртят около тях, което добавя допълнителна сложност, която западноевропейците или не могат да осъзнаят, или не са готови да разберат, или избират да презират. 💰💸💲💵🤑🏦📈📊🤑

As a general rule, I would go along with not buying property abroad. I have property in Thailand that I bought to please my partner and wish that I had not. Too many complications.

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

Bob yes there are definitely complications but it can be rewarding as well. I hope more people watch my 2 videos on the comprehensive guide to buying abroad as I think they will help

I live alone in Italy, grew up here. I confirm that all these points are real. My flat Is near Udine , North eastern part. About the older population ... There's an 11th point more. They keep the 80 percent of the nation funds Locked inside their bank account. Younger people here, as seen , has got a very low possibility of buying a new house. So, you know, you cannot live with a a lifestyle so ... 100 percent Legit/rule respectful, you might need a lot more funds to live somehow . If you know what i mean, best, Fede

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Thank you for your feedback Gallex. it amazes me that many very young people in Italy do not even have a bank account.

@fedeg91

3 жыл бұрын

@@saveandinvestwithgiorgiolo8375 i usually don't like to complain, really... But covid showed us the real result of 40 years of job growth. The result? who is REALLY living good here are over 50 womans/mans that have ALREADY worked in the 75/90's (80%) ... Houses where 5 times cheap and they have worked without restrictions. Job was found, easily. Of course, now , the italian market grew up and... les jeux sont faits. Euro currency hits us hard, we have lost a lot of buying potential. The new and younger generations can go on ONLY if you have your family on your back that can "help" you (or live for you, maintaining the 50% of the university, food, flat rental or basic needs)... the others? Should i really talk about part time - working people in a flat? better no. But trust me... they're a lot. i am not complaining but just describing a little part of the situation. Here we are going away like my dear, loved Argentina (i really like that place)

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

@@fedeg91 Thank you for your feedback

I’m very interested in buying a home in a small Italian town

@saveandinvestwithgiorgiolo8375

Жыл бұрын

Whereabouts in Italy may I ask.

A bit out of date. Some advice needs to be re-cast and is not helpful to buyers of property to live in. Great comments - State Debt and Euro membership are totally unrealistic speculation. Reminds me of those in UK who said the Euro will collapse! From the UK with high property prices - the Brexit has put others off trying this mess.

@saveandinvestwithgiorgiolo8375

Жыл бұрын

Hi Roberto I have done many videos on Italy since this one. They are in my video library. I have also done a number of videos on Brexit Britain. Thanks.

In 2023, most of the same concerns are true for Spain, who just passed another bunch of lies that do not favor landowners. I just wonder if it’s true also for Portugal.

@saveandinvestwithgiorgiolo8375

8 ай бұрын

Yes unfortunately Portugal is going that way with the end of the NHR program in 2024 to add to more restrictions on airbnb and the Golden Visa Program.

Thank you. I’d add that over a 10 year period, property value has decreased as much or more than 30%. So property in Italy is simply not an investment. More like an overpriced car you irrationally can’t live without. I wonder how low it will go. After covid, many families will be selling their vacation homes. Maybe next summer I could get a good deal, but then still not a good investment. Do you think they could leave the EU while keeping the euro as currency? Reverting to Lira could be disastrous, no? Thanks for your great information.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Giulia actually if you take inflation into account I think the drop is more than 30%. You are right Italy is like an expensive clothing brand that you can live without. I don't think Italy will leave the EU simply because it would in effect be the end of the EU and all other countries in the EU will do their utmost to prevent this. It is possible though that Italy will leave the Euro in which case the value of an investment will fall. However I don't think this will happen in the next few years, however Italy needs a lot of reforms such as less strong unions, lower company taxes, less people working for the state (It is crazy that teachers in secondary schools work only18 hours a week). I think that if Italy were to leave the Euro it would be a shock not least because the currency would de-value and a lot of the Italian debt is in Euro and therefore would increase. Many thanks for your feedback and just wait a bit longer. I will be doing further updates on particular citites in Italy

@giuliaamendola9890

3 жыл бұрын

Save and Invest with Giorgio Loukas Thank you for the great information. I wish Italy makes the necessary reforms but if history is an indication it’s unlikely, though I’m pretty ignorant about their current government. We’ll see how all this plays out post-covid, a lot will happen in the next year. But the south will stay poor and growth will be negative I guess

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Giulia I really hope Italy makes the necessary reforms but I agree with you and think this is unlikely. Hoping I am wrong.

Rental increase and 4 year terms are why we keep our condo empty while we do not visit.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Gino I do not blame you at all. Unfortunately I know of too many cases where property has been rented out in Italy and the tenant has not paid.

@intuitivediane

3 жыл бұрын

@@saveandinvestwithgiorgiolo8375 wow not Good

There already is more pensioners than workers. You buy in Italy for tourists.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Yes agree not for long term lets

"""Red tape"" is the killer if you are buying to invest in Italy... If you are non-resident, you are not there to deal yourself with the intricacies and the labyrinthine unending bureaucracy how can you possibly manage your investment? You would need to employ agents, lawyers, accountants, etc which then can likely originate their own problems if you fall in dispute with them about anything. Only buy if you are going to live there permanently and you feel you can cope with the challenge.

@saveandinvestwithgiorgiolo8375

7 күн бұрын

i would only buy in Italy as a lifestyle purchase rather than an investment.

What if you have relatives there

@saveandinvestwithgiorgiolo8375

Жыл бұрын

Could you please elaborate.

I thank you for this video. I have been dreaming of going to Italy for a while and then I thought well maybe I should invest in a property in Abruzzo/Abruzzi. I'm not sure why they changed the name of the place. Most of my family came over to the states from Abruzzo through Ellis Island. When I was a lot younger I didn't have an interest in knowing anything about Italy. Luckily with some age comes a bit of wisdom. I have become enamored with all of Italy and its beauty. I have been watching Danilo Romolini's videos but also watching videos on Abruzzo properties. I know in the next year I will take a vacation in Italy and I would like to stay for at least a month. I thought maybe I could buy a property in Abruzzo (i'm not used to calling it that) and all the properties that

@Diana-bv8mg

3 жыл бұрын

Okay, so it cut off the rest of my comment.

@saveandinvestwithgiorgiolo8375

3 жыл бұрын

Hi Diana nothing wrong with buying in Italy as a lifestyle purchase rather than investment. Abruzzo is a lovely region but it is cold in the winter.

@Diana-bv8mg

3 жыл бұрын

@@saveandinvestwithgiorgiolo8375 Hello there! Thanks for responding to my comment. I have thought about moving to Italy. I have a lot of questions about dual citizenship though and I would definitely move there if my son would go with me. I guess we'll see.

Interesting. With the declining birthrate, is there any government effort in attracting immigrants? There are so many people fleeing the Middle East and Africa. South and East Asia are overpopulated. The downside is the cultural clash.

@saveandinvestwithgiorgiolo8375

2 жыл бұрын

All valid points Bob. Italy is trying to attract wealth investors. It definitely needs more immigrants but as you say there might be cultural cultures