In Knight Frank last report of the company said that the local property tax (IMU), introduced by the Italian government in 2012, did not significantly affect the Italian real estate market and the country is still seen as a safe place to buy property rich investors, reports Aplaceinthesun.com . According to analysts Knight Frank, a tax that is levied on property owners, including those with non-residents owning real estate in Italy, does not cooled the enthusiasm of potential buyers. The absence of a bubble in the property market means that good in Italy coped with the global crisis, and at this time the sales volume remains high. The biggest demand is an Italian real estate enjoys among the customers from UK, USA, Belgium, Denmark, the Netherlands and Russia. "We do not expect that the tax will have a significant impact on the two reasons the real estate market - explains the analyst Kate Everett-Allen of Knight Frank -. Firstly, because the prices are still relatively low owners have to pay only 0.4% of. value for the first property acquired by them, and to 1.06% for the second. second, in spite of the increase of the tax in Italy, acquisition costs and annual fees for real estate continues to compare favorably with some other European countries at a price second home. »HomesOverseas.ru
