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This property is now for sale for 880.000 € instead of 970.000€
http://www.livingintuscany.eu/123/huis.php?id=123
This property is now for sale for 280.000 € instead of 310.000 €
http://www.livingintuscany.eu/124/huis.php?id=124
From living in tuscany, post Properties with price reduction
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Although Tuscan real estate slows down, prices in the luxury sector have fallen 10 to 20 percent from where they were two years ago.
In Chianti, homes for sale are sitting for months, sometimes years. Some agents estimated that there are twice, three times as many homes on the market now as at the same time last year
For more information read this interesting article
http://www.nytimes.com/2009/08/28/greathomesanddestinations/28iht-tuscan.html
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Two more investment projects in the heart of Tuscany at only 30 minutes from the beautiful Florence
Investment project n° 1:
Characteristic country house on two levels of about 350 sqm on two levels with 2500 sqm of land situated in the countryside at only half an hour drive from Florence. The restoration has initiated but needs to be finished, 30% has …
Price: 365.000 €
http://www.livingintuscany.eu/125/huis.php?id=125
Investment project n° 2:
Historical Villa, dating back to the 16th century, composed of a large main building of about 650 sqm on 3 floors and a smaller building of about 65 sqm on 2 floors. The Villa is situated on a hill which …
Price: 700.000 € (negotiable!)
http://www.livingintuscany.eu/126/huis.php?id=126
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If the “piano casa” (house project) of the government will be approved this could mean that times are getting better for those who are looking for a property in Italy.
The law provides an increase of 20% of the volume of the existing building in case of renovation and provides an increase of 35% in case of demolition and reconstruction of the building with modern, ecological materials and techniques.
With this law a lot of smaller properties have the possibility to be enlarged, which creates a new market of medium properties. This means that a property with one bedroom can be transformed into a property with two bedrooms, a property with two bedrooms in one with three bedrooms.
A simple example:
a property of 65 sqm on two levels has a minimum volume of 175,50 mc
an increasement of 20% means 35 mc or 13 sqm which is more than the minimum for a double bedroom.
Not only will it be possible to increase the volume but also the building cost will be reduced by 50% and of course are still valid the tax reduction of 36% for renovation, 55% for interventions that improves the energy efficiency and 10% VAT for renovations.
Another advantage of the law is that the building permit in the future will be replaced by a much more simple procedure, in this way reducing drastically the bureaucracy and accelerating the hand over of the permit.
Last advantage is the fact that industrial buildings, warehouses, … in the future could be transformed in apartments, lofts,… of course, that they have all the necessary requests to be habitable.
The law is valid only for existing buildings and doesn’t include properties in historical centres, properties of historical and/or artistically value and monuments.
Recording the Italian Constitution, the text of the government defines the general structure. It’s up to the single Regions to establish in which way and how they will apply the text to allow the use of these advantages.
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A Guide to Buying a Property in Italy by Les Calvert
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