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Buying House in Italy as Investments: Short Term Rental Opportunities

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An old saying goes, “You are as rich as you travel.” Many people, especially those passionate travelers, will attest to this. With each new journey, a person develops, expands his horizons by getting to know a new culture and peoples. Also, everyone needs to change the environment from time to time and relax, not thinking about every day’s work and routine.

People choose different destinations. While some enjoy touring the world’s famous metropolises, others find pleasure in touring rural areas or less developed countries. Nevertheless, this country meets the criteria of even the most discerning. Of course, this is about Italy. From world-famous ski resorts, through incredibly beautiful beaches, to Rome and Venice, this country will satisfy the senses of everyone who visits it. Italian cities exude art and amazing architecture. Also, Milan is known as one of the capitals of high fashion, so we don’t have to explain why women love this city and this country.

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What we can say with certainty is that this is a country where you will certainly not be bored. For the more romantic, there is Verona where the house of Julia is located. There is no person who hasn’t heard of Romeo and Juliet, and by coming to this place, you’ll feel like you’re at the center of the story itself. You can continue a romantic weekend with a loved one by gondola ride through Venice. For art lovers, Rome, but also other cities have a lot to offer, because that is where many museums and galleries are located. We have already mentioned many beaches you should visit. This country is also known for its wines, so it is inevitable to visit Tuscany. Italy offers you much more, but to experience it, you have to visit this country.

Many tourists opt for hotel accommodation, but very often this does not prove to be the best solution. Why? While hotels offer full service, accommodation, food, and room cleaning, sometimes lunch or dinner is just what can “spoil” your plans. We have already listed a few places that every tourist should visit when they come to this country. However, for all this to arrive, it may happen that you will not arrive for lunch at the hotel at the planned time. This will also lead to additional costs, as you will have to order elsewhere if you want to go outside where you are staying, or to go back to the hotel not to miss the dinner.

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For real travelers, eager to visit as much as possible, the right solution is to rent private accommodation. This will not hinder your adventures, and on the other hand, you will not have to worry about cleaning and changing the bedding. You can prepare your food, and when you are already in Italy, you should not miss Italian cuisine and try some of the specialties. Staying in a rented house will make the time spent here more beautiful, you will feel relaxed, like at home.

For those who are thinking of buying a house in Italy, this could be a reason that will prevail to do so. In addition to always having a place where you can go on vacation and enjoy with family and friends, this will also be a great source of income, because when you are not there, you can rent it. With this, you are constantly gaining.

Before you realize this idea, it is important to think about the target group, whether you want your guests to be more family people who will enjoy nature with their children or young people who would rather go crazy and enjoy the nightlife and city tours. This will help you to decide what location to choose.

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As for the conditions you must meet to buy a property and start this business, you can find out more by clicking on Accountingbolla.com. Here you can find answers about taxes and your responsibilities to the country and much other useful information for starting a business. What we can say is that you, as a host, will have to meet some conditions: you will have to provide a check-in service, prepare a contract for the guest to sign, provide a cleaning lady who will clean the house and change the bed linen, and issue a service bill rentals.

Such kind of business is required as a business activity, and in case you want to provide extra service, you are required to operate as a business, which allows you to provide extra services, writing off costs associated with the portal fee, and also allows you access to public grants and loans. All those who stay longer than 30 days are automatically considered permanent residents, and as long-term tenants, they meet the conditions for schooling, voting, health care, and zone parking, while temporary tenants – tourists, cannot ask any of these benefits. In that case, taxes and utilities are the responsibility of the landlord.

To characterize your house as a furnished holiday let, it has to be available to tourists and not to be rented to family and friends, or to the long-term tenants.

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Also, if you do not file your taxes, it will cost you 250 € – 1024 €. One more interesting thing is if you rented via an internet portal, you are not obliged to pay taxes, but you are wrong if you think you can cheat the system. Every time, after somebody rents a flat via the internet portal, it automatically sends a recap return to the tax office.

You are probably wondering if foreign nationals can buy property in Italy. The answer is yes, but only if there is an international agreement between Italy and the country of origin of the potential buyer. Also, if the foreigner is an EU citizen and the agreement that allows mutually requested activities between Italy and foreigner’s country exist, you can buy a property.

Study all the necessary information well, and combine the pleasant with the useful!


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