I can attest to the helpfulness of Rino! I'm just back from a trip to Abruzzo, where he was indeed a great asset---contacting agents to make house viewing appointments, even for some houses I hadn't seen vids or listings for, general advice on many things I had questions about---just all around awesome. I'm proud to be a subscriber here and on Patreon. With my savings it's IMPOSSIBLE for me to buy a home in the US, and very difficult to maintain same lifestyle in retirement...BUT same savings can easily purchase a home in Italy, and modest retirement allows one to live very well there. That said, residency visa is a process! Grazie, Rino, per tutto!
Wow! Thank you so much for this amazing feedback! I'm glad that I could help and I absolutely agree with your comments, we look forward to welcoming you here and thanks again for the great words! Much appreciated
@@yusufabukaarmen270 I agree, he's great! He helped us with property videos for both selling and buying, and has given us so much great advice along the way.
As a Canadian you are 100% correct. Young Canadians have given up. Even buying in rural areas is overpriced. Family will be coming to Italy soon. Maybe San Valentino Abruzzo. Speriamo
Italy has a large amount of properties that have been vacant for decades. The deals will be there for quite a while. I am quite confident that in 3-4 years when I will be a buyer that I will have little trouble finding a great deal on something. Cash is king! Rino or Sara would be my first choice to assist in this. ✌🏻
You are so helpful and kind ❤ thank you. I am looking at houses in the Abruzzo and Molise areas. My goal is to leave USA...but it may be necessary to buy as a 2nd home...so Im looking at properties in the 100K range. I love Italy. I love the warmth of Italian people..and believe the right place will be safer in Italy than in US in the coming months. I believe US is in for terrible hardship. So...I am looking for a peaceful country life in Italy with our dogs ❤
Hello Rino, recent subscriber, and greetings from New York City! 🗽 The stats for the US are every bit as high as you've researched, especially here in NYC, where even a "regular" apartment for rent start at $2k, $3k, $4k per month and even much higher, and not to mention what it costs to buy! Luckily for me I have almost always owned my home in NYC from the time I went out on my own, 30+ years ago, and from time to time have "traded up", so I have been insulated from and have been a beneficiary of the huge run up in prices until now. Being a geophile since I was in grade school I've always known the name Abruzzo, but it was never a potential destination until about five years ago. But for now I have pressing personal commitments, and I don't expect to start seriously looking until probably 2026. And since I have no connection to Italy I will have to navigate residency visas from square one. Meanwhile I am continuing to enjoy these property videos, and if you are still "in business" at that time, you may just hear from me directly. Thanks for your videos and best wishes! 🙂
I think quite a lot, there will be a lot of empty houses so prices might drop further. Italy government needs to understand that immigration is good for the country and actually promote policies to facilitate arrivals here
Great value for retirees! I’m blown away by the prices. On the flip side I wish better for Italy’s youngsters. It will be interesting to see how Italians will feel about the upcoming influx of foreigners.
We are looking into buying a retirement home in Italy. Getting our financial ducks in a row to make it happen as soon as possible. We hope to retire in less than 3 years, but feel we need to buy now while prices are still low.
Prices are again a bit on the rise. My guess is that when the interest rates will decrease we will see a slight increase of prices. Currently properties are very cheap
You are right about the prices in Canada! It’s next to impossible for this generation of young people to be able to afford to purchase a home. I’m ever so grateful to have gotten into the market in 80’s - albeit my first mortgage was at 16.75% interest- yikes!
Malta is the same --- its impossible to rent or buy, cost of living is getting higher by the minute and salaries remain the same. Young people are moving out of Malta while TCN immigrants are renting apartments in group of 10 people ! its crazy over here.
I'm here in Italy at the moment for my son's wedding, I will staying for another 2/3 weeks and will make my way to abruzzo so hopefully we can hook up, stay safe and keep up the good work, God bless 🙌
Thanks for this video, Rino! Glad we are buying now (assuming all goes well...). You mentioned property tours. Is there any progress on organized group tours?
Hiiii! Yes, plans slowly moving but I don't think we'll do anything this year! So much stuff going on and we couldn't arrange and organize properly, maybe next year ;)
We purchased property as non-residents (and are selling and buying another) and the main difference is that you pay a higher tax on the cadastral value at purchase if you aren't planning on becoming a resident within 18 months, plus you pay twice a year property taxes (this is for any second home, whether you live in Italy or not). We're from the US, and property taxes in Italy are nothing compared to what we pay on our very average home in the US. Other than that, the process for purchasing is no different as a foreign buyer from our experience.
No surprise to anyone who's familiar with Italy, particularly Abruzzo. Since my parents passed away, we have been considering selling their apt in Abruzzo, as i have no desire to live in Italy. Already, since initially speaking with agent, the estimate has already dropped 3 times. In fact, we will just probably rent it out for the foreseeable future. If you want to buy to live, go for it. As investment....move along, nothing to see here. Cheers.
I'm wanting to move from the US and rent before buying. What area is the property in? How much are you looking to get for the rent? Is it furnished? Is it in town or out?
@@OneStopAbruzzo Ciao Rino, it's in Isola del Gran Sasso, at the foot of the Gran Sasso. The block has around 12 apts over 4 floors, and consist of a mix of 2 & 3 bed properties.
I value your insight, myself and my girlfriend will be arriving in Reiti 12 September. May we meet with to gain some insight into buying my home in Italy?
Yes we are struggling in Canada. Economy is a bit stagnant and cost of living is high. Italy's problem is bureaucracy. Italy is only attractive if you are retiring, but don't want to bother with residency. There is not enough incentives for establishing a business. Spain is much more attractive to set up a business and you can work and sell to the domestic Spanish market. In the future the foreign entrepreneurs will help the Spanish economy to grow. Italy is still protezionista and the world has become an international economy.
Hi! Thanks for the comment! I'm not familiar with Spain bureocracy, I know many are looking at Portugal as an alternative to Italy. Definitely many things to improve here!
Rino thanks for the update. Please be realistic as i personal ask you many times “ how do we get there”. I am from Amsterdam as example how do i get to my second home you never follow up because its difficult. That’s the problem, to drive its to expensive as in Italy the toll roads are very expensive and no airports in the area you have homes for sale. Here you go my friend.
Hi Leonardo! Thanks for the comment. As I've explained many times, this is a side hustle for me, I'm very busy with my day job and family. Also, I mostly do the marketing here, answering to the questions of everyone is impossible and only professionals should do it. Beware of those who pretend to be experts!
I can attest to the helpfulness of Rino! I'm just back from a trip to Abruzzo, where he was indeed a great asset---contacting agents to make house viewing appointments, even for some houses I hadn't seen vids or listings for, general advice on many things I had questions about---just all around awesome. I'm proud to be a subscriber here and on Patreon.
With my savings it's IMPOSSIBLE for me to buy a home in the US, and very difficult to maintain same lifestyle in retirement...BUT same savings can easily purchase a home in Italy, and modest retirement allows one to live very well there. That said, residency visa is a process!
Grazie, Rino, per tutto!
Wow! Thank you so much for this amazing feedback! I'm glad that I could help and I absolutely agree with your comments, we look forward to welcoming you here and thanks again for the great words! Much appreciated
@@yusufabukaarmen270 I agree, he's great! He helped us with property videos for both selling and buying, and has given us so much great advice along the way.
As a Canadian you are 100% correct. Young Canadians have given up. Even buying in rural areas is overpriced. Family will be coming to Italy soon. Maybe San Valentino Abruzzo. Speriamo
Italy has a large amount of properties that have been vacant for decades. The deals will be there for quite a while. I am quite confident that in 3-4 years when I will be a buyer that I will have little trouble finding a great deal on something. Cash is king! Rino or Sara would be my first choice to assist in this. ✌🏻
You are so helpful and kind ❤ thank you. I am looking at houses in the Abruzzo and Molise areas. My goal is to leave USA...but it may be necessary to buy as a 2nd home...so Im looking at properties in the 100K range.
I love Italy. I love the warmth of Italian people..and believe the right place will be safer in Italy than in US in the coming months. I believe US is in for terrible hardship. So...I am looking for a peaceful country life in Italy with our dogs ❤
Also check the seismic activities in the region you want to buy a property
I lived in Pescara for a while, Abruzzo is awesome.
Great info! How a Canadian citizen can buy a property in Italy nowadays?! Appreciate your input to this 😊
Unfortunately they can't! So silly!!
@@OneStopAbruzzo how it's come? Canadians couldn't buy property in Italy??
GRAZIE Rino! Wonderful video!
Hello Rino, recent subscriber, and greetings from New York City! 🗽 The stats for the US are every bit as high as you've researched, especially here in NYC, where even a "regular" apartment for rent start at $2k, $3k, $4k per month and even much higher, and not to mention what it costs to buy! Luckily for me I have almost always owned my home in NYC from the time I went out on my own, 30+ years ago, and from time to time have "traded up", so I have been insulated from and have been a beneficiary of the huge run up in prices until now. Being a geophile since I was in grade school I've always known the name Abruzzo, but it was never a potential destination until about five years ago. But for now I have pressing personal commitments, and I don't expect to start seriously looking until probably 2026. And since I have no connection to Italy I will have to navigate residency visas from square one. Meanwhile I am continuing to enjoy these property videos, and if you are still "in business" at that time, you may just hear from me directly. Thanks for your videos and best wishes! 🙂
How will the 🇮🇹 population collapse affect the housing sector and which regions will suffer the most?
I think quite a lot, there will be a lot of empty houses so prices might drop further. Italy government needs to understand that immigration is good for the country and actually promote policies to facilitate arrivals here
Great value for retirees! I’m blown away by the prices. On the flip side I wish better for Italy’s youngsters. It will be interesting to see how Italians will feel about the upcoming influx of foreigners.
We are looking into buying a retirement home in Italy. Getting our financial ducks in a row to make it happen as soon as possible. We hope to retire in less than 3 years, but feel we need to buy now while prices are still low.
Prices are again a bit on the rise. My guess is that when the interest rates will decrease we will see a slight increase of prices. Currently properties are very cheap
You are right about the prices in Canada! It’s next to impossible for this generation of young people to be able to afford to purchase a home. I’m ever so grateful to have gotten into the market in 80’s - albeit my first mortgage was at 16.75% interest- yikes!
Malta is the same --- its impossible to rent or buy, cost of living is getting higher by the minute and salaries remain the same. Young people are moving out of Malta while TCN immigrants are renting apartments in group of 10 people ! its crazy over here.
I'm here in Italy at the moment for my son's wedding, I will staying for another 2/3 weeks and will make my way to abruzzo so hopefully we can hook up, stay safe and keep up the good work, God bless 🙌
Interessante, Grazie Reno.
Thanks for this video, Rino! Glad we are buying now (assuming all goes well...). You mentioned property tours. Is there any progress on organized group tours?
Hiiii! Yes, plans slowly moving but I don't think we'll do anything this year! So much stuff going on and we couldn't arrange and organize properly, maybe next year ;)
@@OneStopAbruzzo sounds good, Rino! I think some healthy competition for property tours would be welcome.
Australian median price is around $1.2m
Insane
I ❤ Italy 🇮🇹😉❤️
Hey Rino, I watch all the time. Is it easier to become a resident and then buy a home?
Hi! Actually wouldn't make much difference, I believe it's mostly the same unless you want to benefit from the 7% tax
We purchased property as non-residents (and are selling and buying another) and the main difference is that you pay a higher tax on the cadastral value at purchase if you aren't planning on becoming a resident within 18 months, plus you pay twice a year property taxes (this is for any second home, whether you live in Italy or not). We're from the US, and property taxes in Italy are nothing compared to what we pay on our very average home in the US. Other than that, the process for purchasing is no different as a foreign buyer from our experience.
Planning my trip now. Seriously
No surprise to anyone who's familiar with Italy, particularly Abruzzo. Since my parents passed away, we have been considering selling their apt in Abruzzo, as i have no desire to live in Italy. Already, since initially speaking with agent, the estimate has already dropped 3 times. In fact, we will just probably rent it out for the foreseeable future. If you want to buy to live, go for it. As investment....move along, nothing to see here. Cheers.
I'm wanting to move from the US and rent before buying. What area is the property in? How much are you looking to get for the rent? Is it furnished? Is it in town or out?
Hi Vincenzo! Where is the apartment?
@@OneStopAbruzzo Ciao Rino, it's in Isola del Gran Sasso, at the foot of the Gran Sasso. The block has around 12 apts over 4 floors, and consist of a mix of 2 & 3 bed properties.
Beautiful town, though!
Solid honest advice !
No sugar coating BS 😂
I value your insight, myself and my girlfriend will be arriving in Reiti 12 September. May we meet with to gain some insight into buying my home in Italy?
Hi! Sure we can Meet when you come in Abruzzo, just drop me an email :)
Yes we are struggling in Canada. Economy is a bit stagnant and cost of living is high. Italy's problem is bureaucracy. Italy is only attractive if you are retiring, but don't want to bother with residency. There is not enough incentives for establishing a business. Spain is much more attractive to set up a business and you can work and sell to the domestic Spanish market. In the future the foreign entrepreneurs will help the Spanish economy to grow. Italy is still protezionista and the world has become an international economy.
Hi! Thanks for the comment! I'm not familiar with Spain bureocracy, I know many are looking at Portugal as an alternative to Italy. Definitely many things to improve here!
Rino thanks for the update. Please be realistic as i personal ask you many times “ how do we get there”. I am from Amsterdam as example how do i get to my second home you never follow up because its difficult. That’s the problem, to drive its to expensive as in Italy the toll roads are very expensive and no airports in the area you have homes for sale. Here you go my friend.
Hi Leonardo! Thanks for the comment. As I've explained many times, this is a side hustle for me, I'm very busy with my day job and family. Also, I mostly do the marketing here, answering to the questions of everyone is impossible and only professionals should do it. Beware of those who pretend to be experts!
Vincenzo, I am curious to know your reasons why you have no desire to live in Italy and which country are you living now?
Where did I say I don't have the desire? I'm actually living in Italy and I'm Italian. I lived abroad in the past
@@OneStopAbruzzo
It is written in last segment of the second sentence, starting with the sentence starting with, "Since my parents passed away..."
I'm sorry, I still don't know what you're referring to. My parents are both alive... Thankfully. Where are you reading?
It's the initial comment by Vincenzo Cherubini. May it's not you. When I clicked to reply.
Oh ok! Mister solved!