Everything you should know about real estate

The province of Bolzano has introduced special provisions for apartments and houses that fall under what is known as the alloggio convenzionato policy. These provisions are important when renting or buying real estate. So-called alloggi convenzionati can only be inhabited by persons who meet specific criteria: They must have been permanently residing in one of South Tyrol's municipalities for at least five years, or already had their official residence in South Tyrol at the time the building permit was issued. You or your family members are not allowed to own an apartment that is suitable for your family’s size and is easy to reach from your home or place of work, and you must not have any right of usufruct or right of residence regarding such an apartment. Eligibility to live in alloggi convenzionati also extends to persons who regularly stay in South Tyrol and have a lawful employment contract here.

Please note that the following closing costs are due in addition to the purchase price when buying a property: Registry fee/value added tax, notary costs and a brokerage fee. The exact amount of the registry fee or VAT depends on whether the property you are buying is your main residence or a secondary home.

Property owners incur annual running costs that need to be taken into account when purchasing real estate. Specifically, this comprises the following ancillary costs: - Condo fees (operational costs) - Water supply - Heating and electricity - Municipal real estate tax - Residential building insurance - Waste disposal

Upon request, we can recommend professional planners and craftspeople with the right expertise.

Real estate purchase agreements are very comprehensive and contain many specialist articles. That is why we recommend having an expert draw up the preliminary purchase agreement. A notary then prepares the final contract and notarises it.

For the most part, the value of a property depends on the price for which equivalent pieces of real estate have sold in the past, the property’s size and location, and the development of the local real estate market. We recommend seeking advice from experts, who will determine the value of your property in line with the market and advertise it in such a way as to secure the best possible price. We are always available for consultation and would, of course, look forward to working with you on a real estate project.

You might want to think twice about selling your property on your own account, or whether it would be a better idea to enlist the support of a real estate agent. With our help, you are guaranteed to be in compliance with legal regulations, save time and find solvent buyers!

We publish the property ads on a range of sales platforms. These include shop windows, brochures, websites, various national and international online real estate platforms and social media channels. Thanks to this approach, your ad will attract a large national and international audience.

Our Secret Sale Service for exclusive properties guarantees the discreet sale of your real estate. The property will not be marketed publicly, and will be offered only to prospective buyers who are verified by us.

You can also sell your property on your own, though that would entail greater effort and risk: First of all, it is essential to determine the value of the property in line with the market, check all relevant documents and plans for correctness, take convincing photographs and write attractive texts, and organise and coordinate viewings with potential buyers. The preliminary purchase agreements must be drawn up. Let experts give you a hand; hire a real estate agent, who will take care of the entire sales process for you, every step of the way.

When selling a property, the seller initially does not incur any significant costs. The real estate agent will take care of getting the energy performance certificate issued, obtaining all necessary records from the land registry and the cadastral registry, and deleting any bonds held by the land registry, the Province of Bolzano or the bank, if necessary. The fiscal implications of a property sale differ from case to case. Usually, however, no taxes are incurred. Only once we successfully sold a property on your behalf do we charge you a brokerage fee.

If you commission a real estate agent with the task of selling your property, he or she will take care of drawing up and registering purchase bids and preliminary purchase agreements. A notary prepares the final contract and notarises it.

If you sell your property through us, we will gladly also arrange the notary appointment for you. The notary's fee is billed to the party purchasing the property.

Once the property is sold, the local tax authority (of the municipality in which the property is located), and – if applicable – the property management must be notified of the sale. In addition, supply contracts such as electricity, gas and other utilities must be transferred to the new owner. If the property was brokered by our Agency, we will take care of that for you, of course.

The mandatory energy performance certificate contains data regarding a building’s energy efficiency and energy costs. This data provides information about the energy performance of the building’s cladding and about its heating and hot water facilities. It takes into account all energy-relevant factors, e.g. building volume and floor area, construction type, insulation materials, and types of heating and hot water facilities. Any qualified technician can issue the energy performance certificate. The certificate is legally valid for a period of ten years. You need it for renting out or transferring ownership of a property, as well as when implementing measures to improve a building’s energy performance if you want to claim the discount for energy-efficient renovation.

Rental agreements generally have a duration of 4 + 4 years.

In addition to normal rental apartments, our Agency also brokers properties for tourism purposes for the duration of one season or one year.

Our Agency will gladly take on all of these tasks for you.

With regard to brokering a rental apartment, our Agency charges the parties to the contract a one-time fee equivalent to one month’s rent.

The deposit can be paid as a bank guarantee or wired from your bank account. It becomes due upon signing the rental agreement.

If our Agency brokers the property, we will of course take care of re-registering the supply contracts in your name.

If the property is what is known as a so-called alloggio convenzionato, specific provisions apply to renting it out. When renting out the property, you must charge the canone provinciale (fixed net rent applicable in all of South Tyrol) and the tenants must be eligible to rent an alloggio convenzionato (contract-bound housing policy designed to keep rent levels affordable for locals). Eligibility criteria include place of residence and ownership. Properties that do not fall under the policy of alloggio convenzionato are not subject to any limitations and can therefore also be rented out to tourists.

In order to rent out a property, you will need a number of different documents, including copies of the land registry record and the energy performance certificate, among others.

Our Agency only brokers apartments that will be leased for multiple years, one year or on a seasonal basis.

Our Agency will gladly take over these tasks for you, of course. To do so, we would require a number of different documents, including copies of the land registry record and the energy performance certificate.

With regard to brokering a rental apartment, our Agency charges the parties to the contract a one-time fee equivalent to one month’s rent.