Italian Mortgages for Foreign Buyers: What's Changed?
For years, we've advised foreign buyers to be prepared to pay cash when buying property in Italy. Getting a mortgage as a non-resident has historically been difficult, and even buyers with substantial assets and strong incomes have struggled to meet Italian banks' requirements.
But our advice is evolving. Through ongoing conversations with Italian banks and mortgage professionals, we're learning more about financing options worth exploring for foreign buyers, including those who don't live in Italy or earn their income in euros.
In this episode of A New Life in Italy, Samantha Wilson explains what's changing, who may qualify for an Italian mortgage, how much you might be able to borrow, and what banks need to see before approving an application.
Sam also explores why paying cash isn't automatically the best financial decision. Keeping some of your capital available could give you more flexibility to cover relocation costs, unexpected expenses, and the life you want to build in Italy.
You'll also learn why property valuations and documentation matter, what additional mortgage costs to consider, and why it's essential to understand your financing options before making an offer.
Plus, Sam answers three listener questions:
- Will you pay Italian property taxes if you own a home here but live abroad?
- How long does it take to get an Italian mortgage?
- Could selling your home and moving into a rental affect your elective residency permit renewal?
Thinking about buying property in Italy?
You don't need to have found your dream home to start exploring your financing options. In fact, understanding what you can realistically borrow before you begin your search can help you make more informed decisions.
To take the first step, complete the mortgage information form mentioned in the episode: Mortgage inquiry form.
Seeking property purchase assistance? Learn more about our service via the following link and set up a call with our team: Smart Move Italy Property.
Mentioned in this episode:
Listen Vivace
A life well lived is never finished. There is always another version of yourself waiting to emerge. Vivace exists for women who believe the most beautiful part of life is not what has already happened, but what comes next. https://vivacenetwork.com/
Listen Vivace
A life well lived is never finished. There is always another version of yourself waiting to emerge. Vivace exists for women who believe the most beautiful part of life is not what has already happened, but what comes next. https://vivacenetwork.com/
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