Why Your Italian Property Could Cost More Than You Planned
When buying a home in Italy, the purchase price is only part of the financial picture. If your savings are in US dollars, Canadian dollars, or British pounds, fluctuations in exchange rates between making an offer and completing your purchase could cost you thousands.
In this episode, Samantha Wilson is joined by Rachel Canales of GC Partners to discuss what international buyers should know about transferring money to Italy and managing currency exchange throughout the property-buying process.
They discuss:
- How exchange rate fluctuations can affect your property budget and purchasing power.
- The difference between using your bank and working with a currency specialist, including fees that may be hidden in exchange rates.
- How forward contracts work and how you can secure an exchange rate for a future payment.
- Why it's important to organize international transfers well before your notary appointment, and what can cause delays.
- What to consider if your property purchase is delayed or falls through after securing an exchange rate.
Plus, Samantha answers three listener questions about buying a second home as a non-resident, qualifying for an Italian mortgage with foreign income, and whether you can recover your deposit if property checks uncover problems.
Thinking about buying property in Italy? Find out how Smart Move Italy Property can help.
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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