thank you, you might also want to include the total cost of living for each not just housing. Would like to see a video comparison of all three towns in the future.
Trieste is the best! The whole region of Friuli Venezia Giulia is so underrated. There are so many beautiful towns, that are quite cheap and one can find very affordable homes🙌🏻 Friuli Venezia Giulia is a way to go if you ask me😍😍😍
I bought a house in Francavilla al Mare in Abruzzo, my family home is in Chieti also in Abruzzo so I was very familiar with the area.. I prefer Bari over every other city. Love Bari. Love your videos.
I used to live in Francavilla Al Mare for a year or so, nice little town and Pescara is super closed(attached pretty much) + mountains are close by if you need them.
I always look forward to your Italian recommendations but as a potential expatriate, only Scalea gets under the wire for the 7% flat tax for those seeking residency. The population limit is 20,000. It would be great to see a ranking of those towns attracting expats.
Turin would be my #1 city in Italy for retirement. For all the cities of similar size, Turin has the biggest bang for property value, healthcare, arts, culture, and of course, FOOD! Very underrated city for whatever reasons. I also like experiencing four seasons in the northern, rather than the summers of the south with gates-of-hell hot weather. I may disagree on placement with some of your recommendations, but all fine locations. It really comes down to what resonates with us.
Thanks for your feedback Mike. Yes a lot does depend on what your preferences are especially weather wise. I am surprised average prices in Turin are still less than 2000 Euros per sqm on average.
Thank you Giorgio for this lovely presentation. I just finished reading a book about Ravenna which deeply impressed me. Therefore it would be my favourite city to move to followed by Vicenza and Perugia.
Ravenna is one of the most underrated cities in Italy. I am sure you would be very happy moving there. Vicenza a rich city with affordable property prices. Perugia offers excellent value for money with city centre property for under 1500 Euros per sqm.
Giorgio-great video, very comprehensive! Would suggest spelling out the names of further areas discussed like the important 3 towns around Lake Cuomo that you discussed. Many thanks!!
If i ever buy anything in Italy it will probably be in Abruzzo. North - usually more expensive, worse climate(gloomy winters - lots of rains and mists) and bad air quality(especially in bigger cities), South - too much crime/too far away from everything else. Abruzzo just seems nice overall, even though bigger cities might not be cheap, but plenty of smaller ones which are cheaper.
Great video, mille grazie Giorgio! I visited Torino and fully agree. Finding a modern apartment there is challenging (as with every Italian city), and in arguably the most desirable district of Burgo Crimea it looks like the cost is around 4,000 Euro/SQM, which considering the location is still good value. How our house prices just outside the city, did you have a look? Cheers
My favourite city is Venice but like you said rightly Giorgio, Venice and Florence is very expensive to own a house. As for Turin, it’s very close to Milan as well.
Many thanks Erika. I do not currently sell property in Italy. I think analyzing a market rather than bein an agent helps keep the channel unbiased and neutral.
I really enjoy your best places to buy, by country videos. I like your selections for the top 10 but do not know enough to say I agree or don't agree. I am very interested in Italy and I would like to know how you define, "very good medical facilities" please? Thank you in advance.
Many thanks MsChiroco. Very good medical facilities means that public hospitals are excellent and you can see your local general practitioner for free and without appointment. Even if you choose to go private you will pay nowhere near as much in fees as you would do in countries like the UK.
Turin resident here, the city has good prices but its prospect are not good as Milan or Rome, so dont expect to make return net of fees on 10-20 years period. Renting to Politectnico / Univeristy of turin can yield 8-10% gross yearly but its work. Reccomended minimum investment is around 160k. Real Estate auctions have good deals, but auctions in italy are gnarly
Many thanks for your feedback moneyobsessed. I agree with you to a certain extent about Milan but lets not forget average prices in Milan are well over 5000 Euros per sqm compared to less than 2000 in Turin. I think Turin offers better prospects than Rome. Believe me I really like Rome but it suffers from a number of issues including waste disposal, bureaucracy, poor public services and a broken transport system and property is around 75-80% more expensive than Turin.
@@davidrusso6629 There are all the amenities of a city and you are 1 hour in High speed rail from Milan where all the hip & cool happen. One big issue is smog in winter, but its an issue in most Northern italy, its bad in the cities. if you are looking to settle and put your money in the best place i recommend Ravenna, best value to money in italy outside Milan, and near the sea. If you are looking for a vacation home the south is you oyster, i reccomend the Olbia area in Sardinia
I personally think it is kinda crazy that you do not mention Abruzzo which is one of the most unspoiled areas of Italy, with an average price of 1300 sqm, it is unbeatable.
The city I am considering moving to is in your list! :) Vicenza is on the top of my list... maybe not Vicenza proper but in the immediate area around Vicenza. Really Lake Como affordable? I thought it was for millionaires only.
Eric yes I know you like Vicenza and with good reason. The surronding area is lovely. You have many nice villas. Lake Como is definitely not just for millionaires.
I used to think that about Lake Como too. Giorgio has a couple videos that highlight 2-3 towns on the lake, and average prices were shockingly affordable.
I love these lists! I'm looking for a place with more of an urban feel, but a huge metropolis; something with a population between 100K - 500K or so. I also want a city where I can easily get to an international airport without owning a car and that has good railway connections to the rest of Italy. Based on this, the cities from your list that I'm most interested in are Bari, Genova, Palermo, and Turin. Trieste is intriguing. What are the railway connections like there? I'm a bit concerned about it being geographically isolated from the rest of Italy. Why did cities like Taranto, Lecce, Brindisi, Ancona, or Catania make the list? Prices? Infrastructure? Also, why have prices in some of these places fallen so far from their 2014 levels? Was there an irrational increase in property values leading up to 2014 or has something happened since 2014 to make values fall? Thanks for the video! I'm looking forward to this type of content on other countries!
Many thanks Calipeixgato for your feedback. I did mention in this video that Lecce came very close to making the top 10. Catania would have made top 20 but I would put Palermo ahead of Catania as it is a more beautiful city and is the capital of Sicily. I really like Ancona but average prices are close to 1700 Euros per sqm, however it would also have made a top 20 list . Prices are cheap in Brindisi but it is not a particularly pretty city especially compared to the cities on my list and indeed some of the cities that came close e.g, Lecce, Siracusa,Ancona and Catania. If you want train access to other Italian cities then Trieste is probably not for you (although in two hours you can be in Venice), that said Trieste is very close to Slovenia and Croatia and actually Austria is within reach as well so one could say better from an international perspective. As far as property price drops in Italy and in particular some of the places mentioned are concerned this is due to a number of factors including an economy that has not done particularly well over the last ten years, a low birth rate and a pro tenant market.
@@saveandinvestwithgiorgiolo8375 What you say makes a lot of sense. I guess there are so many great options in Italy that it's hard to develop a perfect and definitive list that fits a general audience. Cheers!
I also feel that Sulmona has a lot to offer, but as of 2022, pop. was over 22K. exceeding the 20K ceiling of the 7% regime. That said, its pop. has been slowly declining for years, so if your timeline is long,.... Otherwise, there are many nice smaller towns of several thousand people close by, some of them connected by rail to Sulmona, such that commuting to Sulmona for shopping, etc., would be very quick and cheap. Sulmona itself is well-connected by rail, especially for a rural region like Abruzzo, seeing as it's on the Pescara-Roma line, the Terni-Sulmona line, and the Sulmona-Isernia line. If you look at non-express rail itineraries on these lines, you may discover other nearby towns of interest.
I can very much agree with your choice - for me it is hard to decide between Trieste and Turin - i prefer the more central geographic position of Turin but I live the coast on the Adriatic of Trieste - I might go for Trieste for that advantage - what do you think?
Happy to see you have included Lake Como in your list, that's the area I am very interested in looking for an apartment, my only worry...what is humidity like in Summer? and can you recommend an area that's affordable with low or medium humidity? Your videos are great, always enjoy your commentary and ideas!!
Many thanks for your kind feedback. Fortunately it never gets too hot in the summer especially in the evening, the lake provides cooling to the surronding areas/towns.
Hi, where do you get your statistics from? Firstly, let me say I note that only some of the places you mention have good medical services. What about the rest? I personally feel that it is important to have good medical facilities wherever you invest in a property and live as a permanent resident. After researching, I feel that Italy sadly lacks in many places. Considering that Italy is meant to have excellent health care, statistics show that it appears to be in the North and mainly in Rome and Milan. Thank you for sharing.
Hi Janet thank you for your feedback. With regards to medical facilities Italy in general has excellent medical facilities but of course as in any other countries some places are better than others. I am not sure what you mean when you say in the North and mainly in Rome and Milan as Rome is in the centre as many cities in the Veneto/Emilia -Romagna/Piemonte/Liguria and other regions including Trieste in Friuli-Venezia Giulia have excellent public hospitals which are every bit as good as Milan and Rome. Public hospitals in the South of Italy are not quite as good as the north but they are still a lot better than most of the UK (as a comparison). In many parts you see your local general doctor without an appointment and you can get scans done within a week. Another advantage is that if you feel the need to go private it is much cheaper than the US/UK and of course except for the Campania region property in the south is cheaper than the north. I am fortunate enough to have lived in the North/Rome and the south and I have spoken to many expats that have either made the move permanently or have a property in Italy.
@saveandinvestwithgiorgiolo8375 Hi there. I totally agree with your reply. You did mention those regions on your video, and I have read that those regions have good medical care. Thank you
I was born in Italy, came here to America young, I’m from Mola Di Bari and I’m thinking of just going to a city like Leche and just rent for a month and travel around from there if I want to stay longer, I’ll rent two months, overall, isn’t it more practical to just rent and not own
Your comment sums up perfectly why it is such a difficult choice of which places to include/exclude from the yop ten. Abruzzo is a lovely region of Italy with so much to offer and if I had done a top 20 at least two places inAbruzzo would have made this list.
In all honesty I see Italy more as a lifestyle purchase as it can be difficult to evict a tenant in Italy and taxes are quite high. That said if you want to do buy to let in Italy Torino is one of the better places to do it.
Also, with the ongoing unrest of clashes between police and propalestinians, genoa, turin are not very safe. Important to check with police fot neighborhoods. Palermo has high crime rate in some area. I love Turin, but am considering checking Trieste due to the unrest. They told me Abruzzo was another option.
Hi Giorgio - thanks for another superbly executed Italian Property Video with a huge dose of "practicality." Many other Italian Property Bloggers are focused on "Cheapest" and/or "One Euro Cult" , however, this is very short sighted thinking imho. Personally, as a semi retired young man (69 years) living in Florida USA with a taxable income of 100K and a current Federal Tax rate of 35% (soon to be 40% imho) , I am very keenly interested in the Italian 7% Income Tax incentive. In the simplest terms, if I were to relocate to a locale in Italy and only be subjected to a total income tax of 7% then the annual tax savings becomes very compelling advantage. Again ,imho, this is the real golden pot at the end of the Italian Property Rainbow. Rather than focus on getting a nightmare renovation project for one Euro , I personally would rather buy a beautiful property and feast daily on my very approximate $28K annual tax savings. What say you, Giorgio? Please mention the "ins &outs" of this 7% program in future property videos. For example if you mention Bari as a beautiful and richly populated city , then what nearby towns of villages with good transportation to Bari would you consider knowing that you would qualify for the 7% Tax Incentive, Cheers from Miami Beach and PEACE to ALL 🙂
If you keep your US Citizenship you will still get taxed from the US. The US taxes by citizenship not residency. and the 7% tax rate only lasts for 10 years (which is good).
Dear all I just wanted to add that the three towns I recommend on Lake Como are 1) Mandello del Lario 2) Bellano and 3) Lecco
thank you, you might also want to include the total cost of living for each not just housing.
Would like to see a video comparison of all three towns in the future.
Thank you for your feedback Tony.
Trieste is the best! The whole region of Friuli Venezia Giulia is so underrated. There are so many beautiful towns, that are quite cheap and one can find very affordable homes🙌🏻 Friuli Venezia Giulia is a way to go if you ask me😍😍😍
Thank you for your feedback. Agree 100%Trieste is a wonderful city.
I bought a house in Francavilla al Mare in Abruzzo, my family home is in Chieti also in Abruzzo so I was very familiar with the area.. I prefer Bari over every other city. Love Bari. Love your videos.
Many thanks PizzaArtist. I really like Bari as well. Well done on buying in Francavilla al Mare.
I used to live in Francavilla Al Mare for a year or so, nice little town and Pescara is super closed(attached pretty much) + mountains are close by if you need them.
I always look forward to your Italian recommendations but as a potential expatriate, only Scalea gets under the wire for the 7% flat tax for those seeking residency. The population limit is 20,000. It would be great to see a ranking of those towns attracting expats.
Thanks Tropic. I will be doing a video on this very topic in the near future.
I wiuld like to know more about this 7% tax for buying property vs. 20000 population in Scale🙏
Will be doing a video in the not too distant future.
Turin would be my #1 city in Italy for retirement. For all the cities of similar size, Turin has the biggest bang for property value, healthcare, arts, culture, and of course, FOOD! Very underrated city for whatever reasons. I also like experiencing four seasons in the northern, rather than the summers of the south with gates-of-hell hot weather. I may disagree on placement with some of your recommendations, but all fine locations. It really comes down to what resonates with us.
Thanks for your feedback Mike. Yes a lot does depend on what your preferences are especially weather wise. I am surprised average prices in Turin are still less than 2000 Euros per sqm on average.
I do agree you, particularly about the very hot weather (which I hate) in the south during the summer.
Thank you for your feedback
Shalom from Israel 🇮🇱 thanks for the video Giorgio!
Shalom Sagi. Many thanks for watching the video.
Thank you Giorgio for this lovely presentation. I just finished reading a book about Ravenna which deeply impressed me. Therefore it would be my favourite city to move to followed by Vicenza and Perugia.
Ravenna is one of the most underrated cities in Italy. I am sure you would be very happy moving there. Vicenza a rich city with affordable property prices. Perugia offers excellent value for money with city centre property for under 1500 Euros per sqm.
Great video you captured here!
Many thanks adventurefreaksss
Thank you!
My pleasure Rita
Giorgio-great video, very comprehensive! Would suggest spelling out the names of further areas discussed like the important 3 towns around Lake Cuomo that you discussed. Many thanks!!
Many thanks for your positive feedback James. I will add the three Lake Como towns in the comments section.
Thank you so much 💖
My pleasure again Maria
If i ever buy anything in Italy it will probably be in Abruzzo. North - usually more expensive, worse climate(gloomy winters - lots of rains and mists) and bad air quality(especially in bigger cities), South - too much crime/too far away from everything else. Abruzzo just seems nice overall, even though bigger cities might not be cheap, but plenty of smaller ones which are cheaper.
Thanks for your feedback dartex. I would say though that Abruzzo also has a winter.
Great video, mille grazie Giorgio! I visited Torino and fully agree. Finding a modern apartment there is challenging (as with every Italian city), and in arguably the most desirable district of Burgo Crimea it looks like the cost is around 4,000 Euro/SQM, which considering the location is still good value. How our house prices just outside the city, did you have a look? Cheers
My favourite city is Venice but like you said rightly Giorgio, Venice and Florence is very expensive to own a house. As for Turin, it’s very close to Milan as well.
Thanks for your feedback. Unfortunately yes Venice and Florence are expensive.
Turin indeed is amazing and very underrated 😊
Sure is Sagi. Thanks again for your feedback.
Amazing summary, George! Thank You so much. Do You also sell the property in Italy?
Many thanks Erika. I do not currently sell property in Italy. I think analyzing a market rather than bein an agent helps keep the channel unbiased and neutral.
I really enjoy your best places to buy, by country videos. I like your selections for the top 10 but do not know enough to say I agree or don't agree. I am very interested in Italy and I would like to know how you define, "very good medical facilities" please? Thank you in advance.
Many thanks MsChiroco. Very good medical facilities means that public hospitals are excellent and you can see your local general practitioner for free and without appointment. Even if you choose to go private you will pay nowhere near as much in fees as you would do in countries like the UK.
@@saveandinvestwithgiorgiolo8375 Thank for taking the time to reply to my question. I appreciate the information and your generosity.
My pleasure MsChicoro
Turin resident here, the city has good prices but its prospect are not good as Milan or Rome, so dont expect to make return net of fees on 10-20 years period. Renting to Politectnico / Univeristy of turin can yield 8-10% gross yearly but its work. Reccomended minimum investment is around 160k. Real Estate auctions have good deals, but auctions in italy are gnarly
Many thanks for your feedback moneyobsessed. I agree with you to a certain extent about Milan but lets not forget average prices in Milan are well over 5000 Euros per sqm compared to less than 2000 in Turin. I think Turin offers better prospects than Rome. Believe me I really like Rome but it suffers from a number of issues including waste disposal, bureaucracy, poor public services and a broken transport system and property is around 75-80% more expensive than Turin.
Over to you moneyobsessed. For my part I was last there for the ATP tennis finals and many visitors were very impressed by the city.
@@davidrusso6629 There are all the amenities of a city and you are 1 hour in High speed rail from Milan where all the hip & cool happen. One big issue is smog in winter, but its an issue in most Northern italy, its bad in the cities. if you are looking to settle and put your money in the best place i recommend Ravenna, best value to money in italy outside Milan, and near the sea. If you are looking for a vacation home the south is you oyster, i reccomend the Olbia area in Sardinia
Thank you for your feedback moneyobsessed.
I personally think it is kinda crazy that you do not mention Abruzzo which is one of the most unspoiled areas of Italy, with an average price of 1300 sqm, it is unbeatable.
I personally like Abruzzo as well. If I had done a top 20 video at least two places would have made it. Many thanks for your feedback.
Completely agree.
@@marcocarlson1693 Thank you for your feedback.
I used to live in Trieste ,and have missed it after leaving,I would return instantly if I could
Trieste is a wonderful city.
The city I am considering moving to is in your list! :) Vicenza is on the top of my list... maybe not Vicenza proper but in the immediate area around Vicenza.
Really Lake Como affordable? I thought it was for millionaires only.
Eric yes I know you like Vicenza and with good reason. The surronding area is lovely. You have many nice villas. Lake Como is definitely not just for millionaires.
I used to think that about Lake Como too. Giorgio has a couple videos that highlight 2-3 towns on the lake, and average prices were shockingly affordable.
Mike I do wish more people would take Lake Como into consideration
I love these lists! I'm looking for a place with more of an urban feel, but a huge metropolis; something with a population between 100K - 500K or so. I also want a city where I can easily get to an international airport without owning a car and that has good railway connections to the rest of Italy. Based on this, the cities from your list that I'm most interested in are Bari, Genova, Palermo, and Turin.
Trieste is intriguing. What are the railway connections like there? I'm a bit concerned about it being geographically isolated from the rest of Italy. Why did cities like Taranto, Lecce, Brindisi, Ancona, or Catania make the list? Prices? Infrastructure?
Also, why have prices in some of these places fallen so far from their 2014 levels? Was there an irrational increase in property values leading up to 2014 or has something happened since 2014 to make values fall?
Thanks for the video! I'm looking forward to this type of content on other countries!
Many thanks Calipeixgato for your feedback. I did mention in this video that Lecce came very close to making the top 10. Catania would have made top 20 but I would put Palermo ahead of Catania as it is a more beautiful city and is the capital of Sicily. I really like Ancona but average prices are close to 1700 Euros per sqm, however it would also have made a top 20 list . Prices are cheap in Brindisi but it is not a particularly pretty city especially compared to the cities on my list and indeed some of the cities that came close e.g, Lecce, Siracusa,Ancona and Catania. If you want train access to other Italian cities then Trieste is probably not for you (although in two hours you can be in Venice), that said Trieste is very close to Slovenia and Croatia and actually Austria is within reach as well so one could say better from an international perspective. As far as property price drops in Italy and in particular some of the places mentioned are concerned this is due to a number of factors including an economy that has not done particularly well over the last ten years, a low birth rate and a pro tenant market.
@@saveandinvestwithgiorgiolo8375 What you say makes a lot of sense. I guess there are so many great options in Italy that it's hard to develop a perfect and definitive list that fits a general audience. Cheers!
@@Calipeixegato My pleasure.
Thank you for the information it's helpful, how about investing in vercelli any idea?
It might be helpful to watch my video on Piedmont. Link below
ua-cam.com/video/3FkVP7yKTac/v-deo.html
Thanks for this video. Any thoughts on Sulmona in Abruzzo?
Many thanks James. Sulmona is pretty and property is very cheap. I will check but I don't think it qualifies for the special 7% tax rate.
I also feel that Sulmona has a lot to offer, but as of 2022, pop. was over 22K. exceeding the 20K ceiling of the 7% regime. That said, its pop. has been slowly declining for years, so if your timeline is long,.... Otherwise, there are many nice smaller towns of several thousand people close by, some of them connected by rail to Sulmona, such that commuting to Sulmona for shopping, etc., would be very quick and cheap. Sulmona itself is well-connected by rail, especially for a rural region like Abruzzo, seeing as it's on the Pescara-Roma line, the Terni-Sulmona line, and the Sulmona-Isernia line. If you look at non-express rail itineraries on these lines, you may discover other nearby towns of interest.
@@davidecasassa8679 Thank you for your feedback. A shame that the population is just above 20K.
I can very much agree with your choice - for me it is hard to decide between Trieste and Turin - i prefer the more central geographic position of Turin but I live the coast on the Adriatic of Trieste - I might go for Trieste for that advantage - what do you think?
Thanks Roberto. A very difficult choice. Turin edged it for me on price but as you say Trieste has the advantage of the Adriatic sea.
trieste definitely
Happy to see you have included Lake Como in your list, that's the area I am very interested in looking for an apartment, my only worry...what is humidity like in Summer? and can you recommend an area that's affordable with low or medium humidity? Your videos are great, always enjoy your commentary and ideas!!
Many thanks for your kind feedback. Fortunately it never gets too hot in the summer especially in the evening, the lake provides cooling to the surronding areas/towns.
Hi, where do you get your statistics from? Firstly, let me say I note that only some of the places you mention have good medical services. What about the rest? I personally feel that it is important to have good medical facilities wherever you invest in a property and live as a permanent resident. After researching, I feel that Italy sadly lacks in many places. Considering that Italy is meant to have excellent health care, statistics show that it appears to be in the North and mainly in Rome and Milan. Thank you for sharing.
Hi Janet thank you for your feedback. With regards to medical facilities Italy in general has excellent medical facilities but of course as in any other countries some places are better than others. I am not sure what you mean when you say in the North and mainly in Rome and Milan as Rome is in the centre as many cities in the Veneto/Emilia -Romagna/Piemonte/Liguria and other regions including Trieste in Friuli-Venezia Giulia have excellent public hospitals which are every bit as good as Milan and Rome. Public hospitals in the South of Italy are not quite as good as the north but they are still a lot better than most of the UK (as a comparison). In many parts you see your local general doctor without an appointment and you can get scans done within a week. Another advantage is that if you feel the need to go private it is much cheaper than the US/UK and of course except for the Campania region property in the south is cheaper than the north. I am fortunate enough to have lived in the North/Rome and the south and I have spoken to many expats that have either made the move permanently or have a property in Italy.
@saveandinvestwithgiorgiolo8375 Hi there. I totally agree with your reply. You did mention those regions on your video, and I have read that those regions have good medical care. Thank you
Thanks Janet there are other videos I have made which cover these regions.
I was born in Italy, came here to America young, I’m from Mola Di Bari and I’m thinking of just going to a city like Leche and just rent for a month and travel around from there if I want to stay longer, I’ll rent two months, overall, isn’t it more practical to just rent and not own
It depends on your circumstances.
I agrey bút why the BEAUTYFUL ABRUZZE REGIONS ?? you got ski and sea , history , authenticiteit ....
Your comment sums up perfectly why it is such a difficult choice of which places to include/exclude from the yop ten. Abruzzo is a lovely region of Italy with so much to offer and if I had done a top 20 at least two places inAbruzzo would have made this list.
How about Turino as investment in long term rent?❤
Do you mean buy to let?
Yes
In all honesty I see Italy more as a lifestyle purchase as it can be difficult to evict a tenant in Italy and taxes are quite high. That said if you want to do buy to let in Italy Torino is one of the better places to do it.
11:08 @@saveandinvestwithgiorgiolo8375
????
hi how do you find an English speaking agent?
Wonderful country amd great tax breaks for the wealthy
Love Italy kipps.
Also, with the ongoing unrest of clashes between police and propalestinians, genoa, turin are not very safe. Important to check with police fot neighborhoods. Palermo has high crime rate in some area. I love Turin, but am considering checking Trieste due to the unrest. They told me Abruzzo was another option.
On that basis no western European city would be safe.
I do not think italy has good has good health care except for Milan, turin, rome. And other north areas
Italy has one of the best healthcare systems in the world including the south plus private health care visits are cheap especially in the south.
Hi Giorgio - thanks for another superbly executed Italian Property Video with a huge dose of "practicality." Many other Italian Property Bloggers are focused on "Cheapest" and/or "One Euro Cult" , however, this is very short sighted thinking imho. Personally, as a semi retired young man (69 years) living in Florida USA with a taxable income of 100K and a current Federal Tax rate of 35% (soon to be 40% imho) , I am very keenly interested in the Italian 7% Income Tax incentive. In the simplest terms, if I were to relocate to a locale in Italy and only be subjected to a total income tax of 7% then the annual tax savings becomes very compelling advantage. Again ,imho, this is the real golden pot at the end of the Italian Property Rainbow. Rather than focus on getting a nightmare renovation project for one Euro , I personally would rather buy a beautiful property and feast daily on my very approximate $28K annual tax savings. What say you, Giorgio? Please mention the "ins &outs" of this 7% program in future property videos. For example if you mention Bari as a beautiful and richly populated city , then what nearby towns of villages with good transportation to Bari would you consider knowing that you would qualify for the 7% Tax Incentive, Cheers from Miami Beach and PEACE to ALL 🙂
Thanks again Joe. I do in the future plan on making a video on the best places to buy property in Italy and get the 7% income tax incentive.
If you keep your US Citizenship you will still get taxed from the US. The US taxes by citizenship not residency. and the 7% tax rate only lasts for 10 years (which is good).
P@@theRealRobMart140