As we approach crunch time in the Brexit negotiations, many British people are making final preparations to establish themselves in the EU before March. Buying a property isn’t essential – you can become resident in Italy by renting. But moving to Italy before Brexit is the only way to ensure your EU rights to pension, healthcare and residence continue long-term. Here is how you do it.
If you’re thinking to rent out your Italian property as a second or sole income stream, you’re not alone. Italy is one of Europe’s top 5 countries for holiday rentals, boasting almost 7% of the European market. It’s so simple to advertise your home to potential guests through websites such as Airbnb, HomeAway and Tripadvisor, where you can manage your bookings, safely be contacted by potential guests and receive payments.
This is a great time of year to view property in Italy. There are some real bargains on flights and accommodation, and temperatures are comfortable for getting about, averaging 22°C in October. Occasional downpours have begun to turn the scorched earth of summer green again. Across Italy you’ll see farmers preparing their land ready for olive picking and a host of lovely properties await you to pick your dream home. This your Italian property market update for autumn.
You may love the idea of living in Italy but have your sights set on Puglia, Tuscany or Lake Como. But could you be tempted to a more remote Italian area if your taxes in Italy were abolished? The government is considering a proposal to offer serious tax incentives to retirees buying in some Italian villages that are short of people.
Becoming an Italian resident could be the best decision you make this year. Get a residence permit in Italy and you will guarantee your right to live, work and receive a pension and healthcare before Brexit. But there are other benefits you will enjoy once you have that prized Carta d’identità in your hand. Here’s what you need to do to make it happen.
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