Country
properties, italian properties for sale and for rent, real estate
agency Apulia, private mansions, farm houses, castles, agricultural
estates. Weekly / monthly rents, sales. English speaking reliable
real estate professionals.
Fancy
buying your own country property but not sure what to choose?
We will be pleased to offer you practical tips, expert advice
on refurbishments, mortgages, tax and Italian law in addition
to hundreds of quality properties for sale or rent.
Most
properties include a buy-to-let option; under certain
circumstances we can gurantee a fixed rental income
for the first two years of ownership. That is generally
10% of the price paid for your new property. In this
way you may use your house for 8 months, rent it out
for the remaining 4 months, and use these funds to pay
your mortgage (or holidays elsewhere).
Rental income
and property management
If you intend to let your property we will be
happy to help you. Management fees will vary according
to the service delivered.
Typical rental example:
Based on a typical 3 bedroom
villa with its own pool, and costing around
£205,000
From
To
Price per week
Low season
Mid Sept
Mid March
£400
Mid season
Mid March
Mid June
£550
High season
Mid June
Mid Sept
£780
Less
Rental agents commission (17%)
Community fees
Water/Electric charges
Local rates/Wealth tax
Rental return based on the following:
20 weeks low season
£8,000
10 weeks mid season
£5,500
10 weeks high season
£7,800
£21,300
Less
Agents commission
£3,621
Community fees
£0
Water/Electric charges
£1,340
Local rates/Wealth tax
£1,250
£6,211
Net return
£15,089
Return on investment 7.45%
Disclaimer. These figures
are for guidance only and were based on prices
in March 2006. Please make your own enquiries
prior to purchase where necessary.
