Interesting article in the independent about where to buy properties in Italy around Lago di como area:
Buyers' guide:
*Average appreciation in Italy has been around six to nine per cent per annum, though the lakes have seen increases of 10 to 15 per cent in the past two years.
*If you plan to rent your property, you could expect an annual yield of around five per cent, with the main season lasting from June to September.
*Rental income will be taxed at between 19 and 46 per cent, but you can reduce the amount by reclaiming the cost of the property's upkeep.
*Property purchase tax in Italy is currently three to 10 per cent, depending on whether it's a primary or second home. Prime Minister Berlusconi has pledged to abolish property taxes for first-time buyers, which should give the market a real boost."
Italy Videos
