FUNDING
Italian banks lend mortgages
- also to foreigners- that are worth about fifty to seventy percent of
the estimated value of the property. The higher the estimate, the higher
the loan. We work with a number of registered valuers who not only use
the rigid criteria of the Italian market but also take account of the market
value of such property for foreigners. Italian banks also give loans for
rebuilding or renovation that often cover the whole of the estimated costs.
A binding estimate by a surveyor is then normally required. Our surveyors
are well versed in this task.
We must nevertheless urge
you to first ask a bank or building society in your own country for advice
on mortgages. But the Italian model, i.e. mortgages taken out in
Italy that are denominated in foreign currency has also been successfully
tried and tested.
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