I would be very grateful for a link of pre dial budget phone numbers in Italy for phoning UK mobile to mobile. The ones you can call first before you enter the number.( ie without needing a card) Thanks in advance
If you are comfortable where you are and staying in Italy I agree you're in the perfect situation to wait. Take your point about land, its not always what its cracked up to be, and if you dont want uk buyers thats your prerogative too. (Personally i wouldn't care what nationality they were). Good luck.
yes I do wish them well and hopefully I'm completely wrong. Regarding per metre costs it does seem good value if thats what you value, but I think attitudes have evolved and people are thinking also of ongoing maintenance/heating costs as well.
"forever hopeful" is a good attitude to have. However the word "bargain" is subjective to the time. A few years ago it may well have been a "bargain". But things have changed. (Remember house prices are not only set by demand but the availability of credit and both these have taken a big hit) For example I saw a cute independent restored stone house with 10 acres of land closeish to you for considerably less than yours, its started out over 300,000 e. The owners who are returning to UK have decided they want to move on with their lives not sit and hope. Their price is tantalising and in the end they may well make up their losses and grab a "bargain", or something considerably off 07 prices in the UK, as the uk market looks set to slump more next year. (wages static, RPI inflation coming from trashed sterling, taxes up, public sector cull etc, its a no brainer really after the election). I understand what John is saying about patience, but it all depends if you are calm and happy to wait, as opposed to really wanting to move on. If It s its the latter and you want to return to UK, I would definitely look at the wider price picture. In answer to capo, Unlike Ancona, the price per square metre is almost irrelevant here, In fact if anything purchasers at that price point will be worried about heating!
I'm afraid in this market you will be very lucky indeed to achieve anything close to the price you are asking. I spent yesterday looking at dozens of Marche agents. Large price reductions and special offers are becoming widespread. For obvious reasons, many of them are British owned. It's an extremely competitive selling environment. The most prevalent purchasers in S Marche are the Dutch at the moment, who are very attentive to the bottom line!
There are 1000s of ruins collapsing and many already a pile of stones, simply because of the expense of upgrading, repairing or in many cases providing for the first time a lane. Its always sad to see but unless they have a spectacular location many of these houses will eventually disappear, taking their history with them.There is one in particular near us which is beautiful, a classic vernacular stone house sitting on a ledge overlooking the valley, we are still tempted, even though the roof now gone, but the topography is such that even after the remedial work the lane would always be prone to landslide and water damage etc. Dont be fooled into thinking of them as "simple" roads as someone above said, buyers should be very circumspect and wary before they commit if there are access issues with the road, when they break down you cant repair them by chucking any old gravel on it, they need solid foundations and drainage just like a main road, or any other structure, and done well they are relatively cheap to maintain, adaptable, fun and to me far more sympathetic to rural architecture than tarmac.
Yes we have one !!!!!!!!!! For 10 years!!!!!!!!!!! in the Lake District!!!!!!!!!!!! Hurrah!!!!!! Amazing!!!!!!!! They work!!!!!!! (if you know what you are doing!!!!!!!!!) There not pretentious at all !!!!!!!!!!!! They're not cheap but they look great and they are worth the money!!!!!!!!!!!!!!!! oh.......Whats that you say?..... Italy? mmm......... probably not suitable there.
Depends on the condition, if it needs needs comprehensive renovation work done properly ie stabilising (with crushed rock / hardcore) and a complete recovering with breccia rosso plus rolling and drainage (VERY important to prevent water damage again especially if on a slope, otherwise repairs will be an annual event) you could be looking at a very large figure indeed as apart from the materials, It requires heavy duty plant, plus labour costs. I know two people who shared a bill of E40,000 (one Italain one uk) for no more than 100 metres and that was 3 yrs ago, so E 50,000 is possible. Obviously if the hardcore still exists and the breccia is just thin or washed away in places and needs patching then a lot less. Whatever you do have someone sort out the drainage with pozzo if necessary! Or just buy a landrover and ignore it. Where are you and do you own the track?
Do you really think when its 40 c week after week you are going to want an AGA on? They do them with gas hobs and electric ovens now but you are just paying for a "look", which is a bit pretentious imo when there are dozens of better alternatives. Come to think of it, I dont know anyone with an AGA that does not also have a freestanding cooker as well.
yes can confirm tax on any gain (- costs) within 5 yr period.However bear in mind the 5 year law is only relevant in Italy - it does not apply in the UK - If you live in UK and your Italian property is a second home, you will still be be liable to UK CGT @18% on any gain (minus costs + annual allowance) to Inland Revenue no matter when you sell.
Lagging National house price price data is pretty irrelevant when you consider the area of the market you are talking about.UK transaction volumes are the lowest on record, the trickle of good houses coming on to the market in nice areas are being fought over tooth and nail by equity rich purchasers, (and in the case of prime London wealthy Euro Zone purchasers), these are the areas that many British sellers in Italy will be gravitating to, and they are widely reported to being close to peak 07 prices, and in some cases more. Anyone hoping for minus 20% + is going to be very disappointed. Whether this will remain the case after the election who knows, but this is the absurd reality now.
Comments posted
If you are comfortable where you are and staying in Italy I agree you're in the perfect situation to wait. Take your point about land, its not always what its cracked up to be, and if you dont want uk buyers thats your prerogative too. (Personally i wouldn't care what nationality they were). Good luck.
yes I do wish them well and hopefully I'm completely wrong. Regarding per metre costs it does seem good value if thats what you value, but I think attitudes have evolved and people are thinking also of ongoing maintenance/heating costs as well.
"forever hopeful" is a good attitude to have. However the word "bargain" is subjective to the time. A few years ago it may well have been a "bargain". But things have changed. (Remember house prices are not only set by demand but the availability of credit and both these have taken a big hit) For example I saw a cute independent restored stone house with 10 acres of land closeish to you for considerably less than yours, its started out over 300,000 e. The owners who are returning to UK have decided they want to move on with their lives not sit and hope. Their price is tantalising and in the end they may well make up their losses and grab a "bargain", or something considerably off 07 prices in the UK, as the uk market looks set to slump more next year. (wages static, RPI inflation coming from trashed sterling, taxes up, public sector cull etc, its a no brainer really after the election). I understand what John is saying about patience, but it all depends if you are calm and happy to wait, as opposed to really wanting to move on. If It s its the latter and you want to return to UK, I would definitely look at the wider price picture. In answer to capo, Unlike Ancona, the price per square metre is almost irrelevant here, In fact if anything purchasers at that price point will be worried about heating!
I'm afraid in this market you will be very lucky indeed to achieve anything close to the price you are asking. I spent yesterday looking at dozens of Marche agents. Large price reductions and special offers are becoming widespread. For obvious reasons, many of them are British owned. It's an extremely competitive selling environment. The most prevalent purchasers in S Marche are the Dutch at the moment, who are very attentive to the bottom line!
There are 1000s of ruins collapsing and many already a pile of stones, simply because of the expense of upgrading, repairing or in many cases providing for the first time a lane. Its always sad to see but unless they have a spectacular location many of these houses will eventually disappear, taking their history with them.There is one in particular near us which is beautiful, a classic vernacular stone house sitting on a ledge overlooking the valley, we are still tempted, even though the roof now gone, but the topography is such that even after the remedial work the lane would always be prone to landslide and water damage etc. Dont be fooled into thinking of them as "simple" roads as someone above said, buyers should be very circumspect and wary before they commit if there are access issues with the road, when they break down you cant repair them by chucking any old gravel on it, they need solid foundations and drainage just like a main road, or any other structure, and done well they are relatively cheap to maintain, adaptable, fun and to me far more sympathetic to rural architecture than tarmac.
Yes we have one !!!!!!!!!! For 10 years!!!!!!!!!!! in the Lake District!!!!!!!!!!!! Hurrah!!!!!! Amazing!!!!!!!! They work!!!!!!! (if you know what you are doing!!!!!!!!!) There not pretentious at all !!!!!!!!!!!! They're not cheap but they look great and they are worth the money!!!!!!!!!!!!!!!! oh.......Whats that you say?..... Italy? mmm......... probably not suitable there.
Depends on the condition, if it needs needs comprehensive renovation work done properly ie stabilising (with crushed rock / hardcore) and a complete recovering with breccia rosso plus rolling and drainage (VERY important to prevent water damage again especially if on a slope, otherwise repairs will be an annual event) you could be looking at a very large figure indeed as apart from the materials, It requires heavy duty plant, plus labour costs. I know two people who shared a bill of E40,000 (one Italain one uk) for no more than 100 metres and that was 3 yrs ago, so E 50,000 is possible. Obviously if the hardcore still exists and the breccia is just thin or washed away in places and needs patching then a lot less. Whatever you do have someone sort out the drainage with pozzo if necessary! Or just buy a landrover and ignore it. Where are you and do you own the track?
Do you really think when its 40 c week after week you are going to want an AGA on? They do them with gas hobs and electric ovens now but you are just paying for a "look", which is a bit pretentious imo when there are dozens of better alternatives. Come to think of it, I dont know anyone with an AGA that does not also have a freestanding cooker as well.
yes can confirm tax on any gain (- costs) within 5 yr period.However bear in mind the 5 year law is only relevant in Italy - it does not apply in the UK - If you live in UK and your Italian property is a second home, you will still be be liable to UK CGT @18% on any gain (minus costs + annual allowance) to Inland Revenue no matter when you sell.
Lagging National house price price data is pretty irrelevant when you consider the area of the market you are talking about.UK transaction volumes are the lowest on record, the trickle of good houses coming on to the market in nice areas are being fought over tooth and nail by equity rich purchasers, (and in the case of prime London wealthy Euro Zone purchasers), these are the areas that many British sellers in Italy will be gravitating to, and they are widely reported to being close to peak 07 prices, and in some cases more. Anyone hoping for minus 20% + is going to be very disappointed. Whether this will remain the case after the election who knows, but this is the absurd reality now.