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Are people still planning to move to Italy after the coronavirus crisis?

The coronavirus pandemic has put a spanner in the works for everyone planning to buy a home in Italy this year, and if you're moving from abroad things are even trickier. We spoke to readers to find out if their moving plans will still be going ahead.

Are people still planning to move to Italy after the coronavirus crisis?
Photo: Unsplash/Cristina Gottardi

At a time of such uncertainty worldwide, it's easy to imagine that many people might be changing their minds about long-held plans to move abroad.

Whether because of worries about being far from family and potentially unable to travel, or increased caution about moving to a place where they may not understand the systems or speak the language, these concerns may be in sharper focus than before.

Are international buyers still set on an escape to the Italian countryside? Photo: AFP

When we asked readers if they were still planning to go ahead with their move to Italy once travel resumes again, we weren't sure what kind of response we'd get.

But most of those who replied said that, while the crisis had put things on hold or caused practical problems, it hadn't changed their minds about wanting to live in Italy in future.

“We bought a house in Umbria just before the crisis began. Or at least we signed the deal, we did not receive the keys because formalities at the notary need to be finalised,” explained Lars Verheijden, from the Netherlands.

“We planned to go there in May and August. If possible we will go, but we are afraid we are not allowed to cross borders in May, so we hope for the best in August.”

“Our plans did not change, I am afraid we are simply not allowed to go.”

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Some readers said they were rethinking their plans, either due to lost job opportunities because of the crisis, or heightened health concerns

Debbie Maynard from the US told us how her long-planned move to Abruzzo this September, had “been completely derailed by Covid-19.”

“My husband had planned to go to Pineto, our future town, for two weeks in the summer in order to scope out the town and see about rentals. It was important to him to see the town before we moved. That trip is out now,” she explained. “Even if he went, he would have to spend the entire two weeks in quarantine. We are incredibly disappointed.” she said. “Our dream was snatched away just as we were about to achieve it.”

“We have no idea at this point when we will be able to go. We are both around 70 years old; Italy was our retirement dream, so we are especially vulnerable to the coronavirus. We must be very careful.”

Italy-based relocation specialist Damien O'Farrell said the crisis wouldn't necessarily put people off moving to Italy if that's their dream.

“The big question is when will they be able to do it,” he said. “It has also created unemployment, so this may affect the chances of finding work for anyone who will need to work while here.”

READ ALSO: Could Italy's abandoned villages be revived after the coronavirus crisis?

 

 
According to a recent survey of international house-hunters conducted by Italian property portal Gate-Away.com, more than 50 percent of would-be buyers are still set on moving to Italy, and have been using their time under quarantine to continue their property search online.

Another 44 percent said they still wanted to buy in Italy but had put their search on hold and are waiting to see what happens, while just under five percent said they had changed their minds and no longer wanted to buy a home in Italy.

“A good portion of international house hunters interested in Italy are using time time to look with even more attention at properties for sale in Italy through our portal, gathering info about houses they could be interested in so they can be ready to come visit them as soon as possible,” said Annalisa Angellotti, Communications and CSR Manager at Gate-Away.

“In terms of transactions, many were on pause, especially final deeds of purchase, but the majority of estate agencies continued to work from home trying their best to answer requests and experimenting with a new way of working remotely.”

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Many are now getting used to using digital documents and video conferencing services to show properties to clients remotely, she explained.

Some seven percent of survey respondents said they'd consider signing a purchase offer remotely after viewing a property online.

Would-be buyers are also wary of how the crisis may affect house prices in Italy, something which property experts agree is currently unknown.

“For instance, it could happen that many property owners that have homes with gardens and outdoor areas could think of putting them for sale at higher prices, as people that were stuck at home for so long now consider these features so precious,” Angellotti explained.

With many would-be house buyers now giving more thought to their plans to move abroad, O'Farrell says people planning a move should be considering whether they have adequate contingency plans in place for the future.

Just like the crash in 2008, this emergency is teaching us a lot of things,” he said.

“I believe one of the questions should be: how prepared are you for an emergency in terms of a financial cushion, support system, etc. when living in a country that is not yours, where you many not have access to certain support mechanisms that exist in your own country.”

 

 

Member comments

  1. My husband and I planned to purchase a home in Sicily before the Coronavirus. It has undoubtedly delayed our plans and has created some issues, however we have our flights booked and hope to arrive on 2 July to begin our new adventure!

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MOVING TO ITALY

‘€150 rent a month’: Why you don’t always need to buy when you move to Italy

Buying a house is often the most common route for foreigners choosing to retire in Italy, but renting can be a far better fit for some. Here's how one British retiree left a hefty mortgage behind to rent a rural cottage for €150 a month.

'€150 rent a month': Why you don't always need to buy when you move to Italy

Retiring and moving to Italy at a certain age isn’t an easy job, particularly if one has to first get rid of a burdensome mortgage. 

But Tim Wood, a 72-year-old British retiree who used to work as an interior designer, in 2016 managed to sell his house in Brighton, pay off the remaining part of his mortgage and move to southern Italy. 

But instead of buying a cheap dwelling as most expats do, he settled for an extremely low rent. 

“I was just so scared of buying another home, even if it might have been mortgage-free and extremely cheap. I wanted to live without any financial weight on my shoulders. I now pay just €150 per month to rent a 4-bedroom rural cottage in Abruzzo”, Wood tells The Local. 

‘Abruzzo popped up after I researched cost of living throughout Italy’

Renting was also a much easier option than buying, because he wanted to avoid the paper work, the bureaucracy and procedures involved in purchasing and eventually having to restyle a house. 

After selling his UK house, Wood moved to the countryside near the coastal town of Vasto, on the Adriatic sea. 

“I did some online search on which were the cheapest regions to live in Italy, reading articles about national statistics on cost of living and life quality, and Abruzzo popped up”, says Wood. 

READ ALSO: What you need to know about navigating Italian rental contracts

Wood, who after losing his wife in 2015 decided to change life, said relying on advice from distant relatives of his who had already moved to the region a few years earlier proved crucial.

“They suggested I picked a place near the sea, for great summer dips, but at the same time far from the touristy areas and relatively quiet. That’s why I chose Vasto’s pristine rural surroundings,” he says.

‘Get a feel for the place before you move’

Being close to trains that cross Italy and even connect to Europe is vital if one has forsaken driving a car like he has, he says.

Wood advises anyone eager to follow on his steps to never rent or buy property if they haven’t seen it first hand, not just online.

Get advice from friends or other people who have made similar moves, he adds.

The old fishermens huts at Vasto marina. Photo: Tim Wood

“Prior to making the big leap I decided to take a two-week holiday in Vasto and tour the surrounding areas of Abruzzo. It’s important to get a feel of the place not as a tourist but as a local, meeting people, hanging out at the bar till nightfall, getting a haircut at the barber’s and listening to the gossip at the butcher’s shop, even if you hardly speak Italian,” he says.

The warm weather year-round in Vasto was also a major perk, as in some mountain spots in Abruzzo it can be as cold as in England in winter, he says. 

Wood lives off a small pension, plus the remaining revenues from the sale of his UK home. He says he spends around €150 a month for food and locally-sourced fresh produce. 

He’s so glad to be finally living the idyll after what he called a “nightmare” in the UK.

Make sure you’re not a victim of a scam’

Almost 24 years ago Wood purchased a two-bedroom apartment in Brighton for £400,000, with a downpayment of £250,000, and had been paying a £500 monthly mortgage since then.

“It was a nightmare. When I retired I realised I no longer wanted to live to pay a mortgage so I decided to move to Italy before post-Brexit new travel rules kicked in.”

Wood put his home on sale and managed to get £550,000. He now lives on a UK yearly pension of £8,000, which he says is more than he will ever need in Vasto. 

He was granted Italian residency in 2017, when the UK was still part of the European Union and Brits did not face the hurdles of today in traveling and relocating to Europe. 

One key tip he shares is to do a lot of prep research. Prior to relocating, he surfed the web to get an idea of what rentals were like in the area and also wanted to make sure he was not going to be a scam victim. 

So during his vacation there, he selected 10 properties, and booked a one-day tour with four local agencies to see them all before he picked the cottage. 

“Online photos don’t work, one needs to see the building and when I stepped into that farmhouse, I felt a special vibe”, says Wood. 

He also recommends meeting the local owners if possible, and starting with them a friendly relationship from the beginning in case there are bumps along the road, like the sewage system breaks down or a tree collapses on the front porch. 

READ ALSO: Italian rental scams: ‘As soon as we handed over the money, we kissed it goodbye’

The cottage was fully furbished, distant only two kilometres from Vasto’s historic quarter. And the icing on the cake was that it came with a 2-acre patch of land, olive trees and vineyard. 

“Locals have been making a premium extra-virgin olive oil here for centuries and I just found these trees in my garden. I now have farmers teaching me how to collect the olives and take them to the press.”

Cost of living and high quality of life are plus points. 

Family-run taverns in the countryside are very cheap and he can afford to eat out almost every night being alone. A meal is just €15, including a glass of wine. 

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