Financial advice in Italy

The popularity of prefabricated houses has grown significantly over the years, both in Italy and across Europe. This trend can largely be attributed to the economic and sustainability benefits they offer compared to traditional building methods.

Italy is a nation plagued by ageing and inefficient homes.

A new law on squatting is to be introduced in Italy, with severe penalties for those who illegally settle in someone else's home. The government has approved amendments to the country's "Security Bill" (known in Italian as the "DDL sicurezza"), introducing a new type of offence in the Penal Cod

Ever dreamt of living in the Italian countryside? Now could be your chance, as in Tuscany, you can now receive a grant of up to €30,000 to buy a house if you move to a small mountain municipality with fewer than 5,000 inhabitants.

Unwelcome news for tourists planning to visit major Italian cities this summer of 2024, as tourist tax is on the rise. Padua, Brescia, Rome, and Naples have chosen to raise their tourist tax rates to address issues related to tourism.

With fuel prices at an all-time high in Italy, many are wondering whether they can still take advantage of Italy’s fuel bonus in 2024. The answer is yes. But what exactly is it? Originally introduced by the country’s Aid Decree, the fuel bonus has been confirmed by the Italian government for the current year as well. Let's find out what exactly Italy’s fuel bonus is, who can get it and how much it is.

According to an analysis by Bankitalia, based on ECB statistics, 5% of Italian households own 46% of the country's wealth. Wealth, about half of which, on average, consists of housing.

For the first time in 34 years, the Sole 24 Ore's annual survey on the quality of life, based on 90 parameters not only economic, assigns the province of Udine the first place in the ranking, followed on the podium by Bologna and Trento.

The expansionary phase of the Italian economy may have come to an end, in line with the slowdown of the global one. So says Prometeia's growth forecast report, which sees Italy's GDP in 2023 at +0.7%, the Eurozone's at +0.6% and the global GDP at +2.8%. But a possible recovery is looming from 2024.

In the first nine months of 2023, €3.5 billion of capital market investments were registered in Italy, a volume that is still below that of the same period in 2022.

Crystal-clear waters, breathtaking landscapes and nature to discover. The charm of the Island of Elba continues to attract Italian and foreign tourists every year. However, the local administration also has to deal with the shortage of doctors on the island.

The interest rate hikes set by the ECB are having a tangible impact on the pockets of Italian households, so much so that one percentage point of wages in Italy would be eroded due to the hikes.

The 2023 summer sales have officially started.

In 2021, households accounted for 27% of final energy consumption in the EU. Most of the final energy consumption of EU households was covered by natural gas (33.5%) and electricity (24.6%). Renewable energy accounted for 21.2%, followed by oil and oil products (9.5%) and derived heat (8.6%).

Most weddings in Italy take place in spring/summer, meaning that wedding season is officially here.

In the wake of the Green Homes Directive, the EU is also taking action to introduce a ban on gas boilers from 2029. This is a measure contained in the draft revision of the Ecodesign Regulation 813/2013/EU, which sets the specifications for the ecodesign and marketing of space heating appliances.

According to Reuters, there are reports that Uber is to stop its food delivery service in Italy. The company's decision to cease operations is attributed to its failure to establish a significant market presence in the country.

If you own a property in Italy and are planning to sell, there are many bureaucratic hurdles to get over, more so if the property being sold has a mortgage on it. Initial questions even include: can you sell a property with a mortgage?

Real estate purchases and sales in Italy, considering the first nine months of 2022, remain on the rise despite the drop recorded by ISTAT in the third quarter of the year; however, it is mortgages, loans and other bonds with real estate mortgages that are falling over the same period.

House prices and inflation are a hot topic in Italy in 2023. Despite a slight slowdown, the inflation rate in Italy is still high according to the latest ISTAT survey for February 2023. The consumer price index, in fact, shows a year-on-year increase of 9.1 per cent.

The RepTrak Company's Global RepTrak 100 has been published and is the definitive ranking and analysis of corporate reputation for the world's leading companies.

Italy has a bonus for almost everything these days, from doing up your home to making it more environmentally friendly, to its baby bonus and payouts to help with the cost of living crisis.

According to recent Istat data on inflation in Italy in 2023, more precisely in February, the national consumer price index for the entire population increased by 0.2% on a monthly basis and 9.1% on an annual basis, compared to 10.0% in the previous month.

Italy's 2023 Budget Law has changed the way IMU rates are published and made effective, which until now were considered tacitly confirmed from year to year. With the new rules, this will no longer be the case, which is causing concern in Italian municipalities.

IMU is an acronym for "Imposta Municipale Unica" in Italian, which translates to "Single Municipal Tax." and corresponds to Municipal Property Tax.