“Fees and taxes Handbook” in six languages delivered from Asppi, the Union of small property owners

The Notary deed (rogito), explained to foreigners:

When there is a purchase of a house, the difficulties are there, particularly if the buyer is a foreigner, you need a little experience in this area, due to the lack of knowledge of the language, the contractual procedures, legal and banking; so why Asppi, the small property owners Association, has achieved a multilingual handbook - translated into English, French, Romanian, Spanish, Arabic and Chinese - now available in full details on the site of Sole-24 Ore (www.ilsole24ore.com). The guide covers all the steps of the trail that leads to the purchase of a dwelling: the knowledge about the status of the responsibilities of the seller and the real estate agency, court costs and taxes which affect the buyer and the ways in which to calculate benefits for the purchase as first house (residency house) up to the conclusion of a loan with recommendations on the more appropriate interest rate. Before you encounter problems when buying a property - we learn by reading the pages of the document – we need to know if the house has been built regularly or that otherwise, the owner is in possession of amnesty issued by the Municipality. You must also make sure there are no mortgages on the property, check the provenance of it, especially in cases where it is received by the vendor to inheritance or donation. With regard to the condition, rely on "a glance", may not always be sufficient.There are cases where, in fact, it is appropriate a technical advice (for example, in scores of cracks). Passed these obstacles, the next step is to determine the value of the property. The guide offers all the parameters for calculating the commercial surface for the deal. But is not enough. The situation (and price) change depending on whether the apartment will be free or rented. In the latter case suffers a devaluation of price between 20 and 30 per cent. In the section about the seller’s responsibilities, stating that he must ensure that the property is free of defects such as to compromise its use. Then we move on to the stage where buying is mandatory on pain of nullity of the written document or contract.The handbook explains in detail the difference between compromise, purchase proposal and various types of deposit. Finally, for those that uses a loan, the document details about the differences between fixed rate, variable and mixed, describing also the advantages and disadvantages of different options. It specifies that the rate bearable is calculated on 33% of income.

"In the everyday practice, however, banks are asking many more guarantees to an immigrant that a resident - explains Caesar Bordolini, the project manager of Asppi new citizens and curator of the guide -. Consequently, the difficulty of having credit at banks can open the way for illegal operations such as counterfeiting.

The handbook Asppi aims to encourage immigrants living in Italy to purchase a property.

To download/read the guide in your language, visit www.ilsole24ore.com