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| FRIENDLY-HOME.ORG |
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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. |
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properties for RENT |
| PUGLIA
GUIDE |
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| Buy-to-let |
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| 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). |
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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 |
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From |
To |
Price per week |
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Low season |
Mid Sept |
Mid March |
£400 |
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Mid season |
Mid March |
Mid June |
£550 |
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High season |
Mid June |
Mid Sept |
£780 |
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Less |
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Rental agents commission (17%) |
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Community fees |
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Water/Electric charges |
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Local rates/Wealth tax |
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Rental return based on the following:
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20 weeks low season |
£8,000 |
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10 weeks mid season |
£5,500 |
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10 weeks high season |
£7,800 |
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£21,300 |
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Less |
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Agents commission |
£3,621 |
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Community fees |
£0 |
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Water/Electric charges |
£1,340 |
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Local rates/Wealth tax |
£1,250 |
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£6,211 |
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Net return |
£15,089 |
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Return on investment 7.45% |
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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. |
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