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PROPERTY

The ups and downs of buying a property for retirement in a hilltop village in Italy

Our new series showcases readers' homes in Italy, starting with the story of how one real estate agent from the US found her dream retirement property and overcame the bureaucratic hurdles with the help of local experts.

The ups and downs of buying a property for retirement in a hilltop village in Italy
Here's how one US buyer found her dream vacation home in the Le March region of Italy. All photos: D&G Design

Shayne Albright bought a home in the Marche region of eastern Italy this year and realised her retirement dream, but doing so wasn’t always plain sailing.

She tells us how she was able to find a unique property in a small hilltop town, and then successfully make an offer and have all the paperwork and renovation works arranged from the US.

“I have had a love for Italy for decades,” says Shayne, “I’ve dreamed of buying a vacation home there and have spent a lot of time researching homes for sale online, but became a little frustrated when for various reasons the viewing trips were cancelled.”

In the end, instead of organising an independent trip to view properties, Shayne attended a five-day house-hunting workshop organised by D&G Design, local property experts in Marche.

READ ALSO: The real cost of buying a house in Italy as a foreigner

“I subscribed to The Local and was a member of several Facebook groups dedicated to moving to Italy,” Shayne says, “and when I came across the D&G Design workshop I thought that a group event actually held in Italy would be something that I, as a single traveler, could benefit from.”

Shayne fell in love with Le Marche as soon as she arrived. “It was beautiful, and instantly I could see myself owning a vacation home there.”

During a day of viewing different typs of properties in the varied region of Le Marche, which has everything from beach towns to homes in more remote mountain areas, Shayne found it was the tiny hilltop towns that appealed to her.

These towns, with their historic centres, medieval city walls and narrow cobbled streets, offer views of the region’s rolling landscapes and the Sibillini mountain range beyond.

“With a relatively slow property market in Marche, house-hunters can take their time during searches and give the options plenty of thought”, explains property expert Gary from D&G Design.

It was only when Shayne returned to the US that she made enquiries about a two-storey apartment she had viewed in the hilltop town of Montedinove.

Situated in a tiny cobbled street in the town’s centro storico (historic centre), the stone brick home had been partially restored and retained traditional features such as wooden ceiling beams, parquet flooring and open fireplaces.

With the help of the lawyer and estate agents she’d been introduced to during the workshop, Shayne made an offer and was thrilled when it was accepted.

Shayne’s new home in Le Marche. Photo: D&G Design

While she says there were no great difficulties during the process, a bureaucratic mix-up caused some delays.

The house had been inadvertently declared uninhabitable by the local council after the earthquake that hit the region in 2016, meaning the paperwork took longer than usual.

“It turned out that the council had mistaken this building for another,” building restorer David from D&G Design explains, “so we had our geometra (surveyor) carry out a full inspection and our lawyer was then able to have this revoked.”

“This took time and was slightly frustrating but the most important thing is to ensure that a property is 100 percent safe.”

READ MORE: How and where to find your dream renovation property in Italy

As Shayne had wanted a rooftop terrace, she also asked them to investigate the likelihood of getting permission to build one from her local council.

Although not guaranteed, the planning officer has given a verbal agreement and Shayne is hopeful that this feature can be added.

“It is always worth having your engineer or geometra ask the local council if certain aspects of a renovation would be permitted,” David says.

“They will never give you a written agreement without planning permission, but if the request is not a deal-breaker to whether or not you buy the property, then have someone check with the planning department to see what is likely.”

As for the rest of the renovation, Shayne had the geometra draw up a list of projected works before she purchased the home.

“I have seen some scary quotes given to clients after they have bought a house,” David says. “We actually insist that our guests receive a full quote of projected works from ourselves and our geometra before they make any offer on the home.”

“We also look at the possibility of phasing the work so that clients can do the essentials to make it habitable during phase one, and then take their time (and save money) for any extra work needed.”

Shayne’s new home still needs some repairs to the windows and a portion of the roof to make it habitable, but “the rest is cosmetic,” she says.

“I would love to expose the stonework on some of the internal walls, and have the team create a stone backsplash in the kitchen.”

Shayne and her nephew are due to visit the property at Christmas, and they’re excited about exploring their new town.

“I can now look forward to owning my new home, furnishing and decorating it as well as getting to know the local people in my new community,” says Shayne. “My nephew is looking forward to decorating his room, and I can’t wait to find a good coffee bar.”

Have you bought and renovated a property in Italy? We’d love to hear about your experience. Get in touch and let us know if you’d like your own Italian home to be featured.

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MOVING TO ITALY

How can you find an apartment to rent in Milan?

With its thriving job market and international allure, Milan is one of the most popular Italian cities for foreigners to move to, but finding a place to rent can be complicated.

How can you find an apartment to rent in Milan?

With its wealth of job opportunities and international appeal, Milan is one of the most popular Italian cities among foreigners.

The northern economic powerhouse is home to over 475,000 foreign nationals (around 14.7 percent of the city’s total population), including ​​a sizeable group of native English speakers.

But high demand for accommodation, high prices (monthly rent in the city comes at an average of around €25 per square metre – that’s over €12 above national average) and housing shortages all make finding a place to rent a challenging task.  

Italian rental contracts

Before actually starting to look for an apartment, it’s generally advisable to get familiar with Italy’s most popular rental agreements, or contratti di affitto in Italian. 

Excluding tourist lets (contratti turistici), which range from a minimum of one day to a maximum of 30 days, the shortest available rental agreement is the transitory contract, or contratto di locazione ad uso transitorio

This lasts a minimum of one month up to a maximum of 18 months, and comes with an important caveat: you’ll need to specify and prove that you have a specific, non-tourism-related reason for your temporary stay, like an apprenticeship, a short-term work contract, or degree program. 

If you’re a student attending a university, you may also be able to sign a student contract (contratto di locazione per studenti universitari), which can last between six months and three years.

Two tenants pictured inside their flat in January 2021

Two tenants pictured inside their flat in January 2021. Photo by Ludovic MARIN / AFP

Finally, if you’re looking for longer-term agreements, you have two main options: 

  • Unrestricted contract (contratto a canone libero). This lasts for four years, with an automatic option to renew for four more. The rental price is freely set by the landlord.
  • Determined contract (contratto a canone concordato). This lasts for three years with an automatic option to renew for two more. Rent in this case is set by the relevant municipality (or comune) and cannot be negotiated.

For further info on both of the above contracts, see our article on the topic.

Regardless of which type of contract you sign, you should always make sure there’s a clause that allows you to move out after a specified notice period (this is usually a full six months).

Using an agency

Once you’re familiar with the types of contracts available, you can start your search. 

Milan has plenty of agenzie immobiliari that can help you find your future home, with some specialised in assisting international customers (for instance, Renting Milan).

These agencies will do the work of finding and connecting you with potential properties, and negotiate the terms of the contract on your behalf. They may also know about some properties before they hit the open market, giving you a leg up on the competition.

But there are some downsides too. Properties let through rental agencies can be more expensive, as the owners must cover the costs of their own fees to the agency.

READ ALSO: How much does it cost to live in Milan in 2024?

Further, rental agencies will generally take a commission equivalent to one or two months’ rent from the tenant, which can make initial expenses rise very fast when added to the apartment’s security deposit (usually two months’ rent).

Searching online

If agency fees look a little too steep – or if you just want to explore every option – there’s an increasing number of online rental portals that you can check out.

These sites often offer a mix of properties proposed by rental agencies and apartments rented directly by owners. Some of the most popular ones for renting are Idealista, Immobiliare, Casa and Bakeca

All work more or less the same way: select your area, filter by cost, number of rooms, and other details, and see what’s available.

Quite conveniently, some of these websites feature maps showing statistics on rental price per square metre by neighbourhood. This can be useful to ‘zone in’ on certain areas of the city or simply to judge whether the rent being requested by a landlord is reasonable. 

Rental prices by neighbourhood in Milan.

Rental prices by neighbourhood in Milan. Screengrab from Immobiliare.it

You’ll also find listings posted on classifieds sites like Subito, and even on Facebook groups like Milano Easy Renting and Affitti Milano, though most posts will be in Italian (some key Italian renting vocabulary can be found here). 

If you do use social media for your search and find yourself dealing directly with landlords, it’s generally advisable that you keep an eye out for scams at all times. As a rule of thumb, you should never hand out money without visiting the apartment and signing a contract first.

Finally, if you’re ever unsure about the legitimacy of a listing or have any other doubts about a specific apartment or neighbourhood, seeking out advice from people already living in the city is generally well worth the effort.

How much can I expect to pay?

Renting in Milan doesn’t come cheap. 

According to data from property market portal Wikicasa, monthly rent in the city comes at an average of around €25 per square metre – that’s nearly €7 over Lombardy’s average, and more than €12 higher than national average. 

But rent can be as high as €60 per square metres in the more central areas (Duomo, Cadorna, Cordusio, Castello Sforzesco, etc.).

READ ALSO: What are the best Milan neighbourhoods for international residents?

According to Numbeo estimates, renting a one-bedroom flat in the city centre will set you back over €1,400 a month on average, while renting the same type of flat in the outskirts will come at an average monthly price of around €950.

If you have any suggestions on how to find a place to rent in Milan, please share them in the comments section below. 

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