Financial advice in Italy
Latest articles about Financial advice in Italy
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 Italy a v
Italy's Superbonus is a 110% tax credit of the expenditure made in order to improve a home’s energy efficiency, as well as lower its seismic risk. How does the 110 per cent superbonus work for non-residents in Italy?
Italy's 2021 Budget Law has confirmed support for the automotive sector with a range of incentives and subsidies for new cars in Italy in 2021. In addition to an ecobonus for electric and plug-in hybrid vehicles, bonuses are also envisaged for petrol, diesel, mild or full hybrid engines.
Electricity and gas prices will increase in Italy in 2021. The first quarter of 2021 will see an increase in electricity and gas bills of +4.5% and +5.3% respectively. This increase is due to high wholesale commodity prices, which have returned to the levels of a year ago.
Moving abroad and buying property in Italy can be a daunting experience, especially if you don't speak the language, or if you don't have the right advice or guidance.
As well its devastating effect on populations across the world, the COVID-19 pandemic has also taken its toll on Europe's economies, with many countries seeing widespread business closures, skyrocketing unemployment and rising debt.
The end of the summer, notably the month of September, was a positive period for mortgages in Italy during the COVID-19 pandemic, according to the latest report on Italian credit prepared by Experian.
The strengthening of the recovery in economic activity and consumption in Italy is driving up energy prices and consequently, household bills. In this sense, things are almost back to pre-COVID levels, with electricity bills rising by 15.6% and gas bills by 11.4%.
One of Italy's latest tax deductions, included in the country's relaunch decree after the coronavirus pandemic, is the Ecobonus 100%.
The 2020 rental bonus, introduced to curb the effects of the economic crisis caused by COVID-19, will be renewed.
A GDP decline of more than 10% and recovery not before 2025. These are the predictions for the Italian economy according to Prometeia, the Italian consultancy company also forecasting significant repercussions for the global economic situation.
The COVID-19 pandemic in Italy has undoubtedly had consequences for the real estate market, however for the moment, it's not blocking mortgage applications in the country.