Italian auction

If you're thinking about buying a house in Italy in 2024, one way to get a great deal is to buy a property up for auction.

In the first eight months of the year, the number of new bankruptcy proceedings increased by 9% in the top twenty bankruptcy court sections by volume of activity.

Property auctions in Italy are on the rise, and 300,000 auction proceedings are expected by 2023. Francesca Cardia, industry expert at national level, reveals some interesting facts about the world of real estate auctions in Italy.

The pandemic has changed our attitude towards housing and many people have decided that it's time for something new. For some, this means moving abroad, and houses and villas with gardens are at the top of buyers' wishlists.

A wonderful resort overlooking the sea on the island of Ischia is for sale at auction on idealista, the base for bids is about 1.9 million euros.

How did 2021 go for real estate auctions?

When you think of houses for sale at auction, in Italy or elsewhere in Europe, you probably think of properties that have been repossessed and are being sold by court order.

It is not often that you find yourself with the opportunity to buy a hotel. Right now however there is just such an opportunity on the market in Italy, with a Sicilian hotel complex up for auction.

There was a time that abandoned, run-down, and dilapidated properties garnered almost no attention from real-estate agencies. There was little to no interest in these kinds of properties and so no need to pay much attention to them.

Can property auctions breathe new life into Italian villages?

Buying a house at auction in Italy can be a great chance to buy a new home cheaply, even if there are sometimes hidden pitfalls. Unlike in the other countries, such as the UK or USA, where choosing to sell your property at auction can be a really attractive way to get a good sale price, in Ital

Property auctions are popular in Italy and are usually associated solely with houses or buildings in general. However, there is another unusual asset that can also be purchased at auction in Italy: vineyards.

If you decide to buy a property at an auction in Italy, you have to pay some taxes and expenses. Let's see which ones. As far as the taxes to be paid on the purchase of a property at auction are concerned, they are the same as those levied on a traditional sale and purchase.

Amongst the Italian state properties which are found for sale via online auctions, there are also old convents.

The number of houses being sold at auction in Italy is growing. According to the latest biannual report from Sogeea, the number of auctioned homes in Italy (case all’asta) is 21.5% higher in the last six months.

The time for writs of property executions to be implemented in Italy got faster in 2018, but most of them end without the repossessed property being auctioned off to new owners, according to the T6 Report presented in Rome.

The best way to finance the purchase of property in Italy is with a mortgage.