GETTING STARTED. Is it possible for you to buy in Italy?

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1 GUIDE TO BUY

2 WHY BUY IN COMO? Como has a mild weather, fantastic architecture, a slow pace of life and a love for elegance and style. There is something wholesome and natural about the way of life in Como and in Italy in general. It is not too fast yet it is not too slow - a happy medium that people fall in love with. Buying a property on Como Lake has brought enormous benefit to many foreign people and the trend is set to continue! With an increase in low-cost air carriers and reasonably priced properties there is nothing to stop you from buying your dream home on Como Lake now!

3 GETTING STARTED Is it possible for you to buy in Italy? Buying a property, living or working in Italy is not a problem for foreign people. The first step consists in getting the Fiscal Code, it is the tax code card, similar to the Social Security Number (SSN) card in the US or the National Insurance Number issued in the UK. Among its various uses, the card serves to identify unambiguously individuals residing in Italy irrespective of residency status. The second step could be the opening of an Italian bank account, to better manage the automatic charge of the consumption bills or to get a mortgage, if necessary.

4 FINANCING Is it hard to get a mortgage for foreigners? In Italy mortgage rules are not tough, they work more or less as per Italian people, the developer helps and assists the client in the search of the right bank with the best conditions.

5 Legalities Should you use a lawyer in Italy? In Italy, the developer and the notary undertake all the searches and paperwork required to buy and sell a house. The notary acts on behalf of the Government and their fees are set in stone, on a sliding scale according to the price of the property. Their prime concern is registering the sale, ensuring that the conveyance is taken care of according to law and collecting the relevant taxes on behalf of the Government. They are completely neutral. Notaries do NOT act on behalf of either the buyer or the seller. So though no one is acting against you, no one is acting on your behalf either. It is completely normal for Italians to buy and sell houses without the involvement of a lawyer or solicitor. However, you are not Italian, you probably do not speak Italian perfectly and you are in a particularly vulnerable position. It is in your interest to have your own legal representation. Italian planning regulations vary enormously from one region to the next. For this reason, you are much

6 better off hiring a solicitor who practices in the area you are going to buy in, and then finding an interpreter to translate your correspondence. A solicitor who is used to organize the sale and purchase of apartments in uptown Milan would not have a clue about planning regulations in a mountain area. This may be subject to landslides, with regulations limiting what kind of building can be erected. Moreover, it will cost you a fortune for every extra minute they spend trying to find all this out. You simply need a solicitor who knows the area well to advise you about any aspect of the sale that could be cause for concern.

7 INVESTMENT buying for investment on Lake Como The property rates have shown significant high due to the recent developments in Lake Como whether that relate to George Clooney s Villa Oleandra or films like Star Wars, James Bond, Oceans being shot here. Also the graph of rental income has gone up in last few years due to growth in tourism. Therefore, this seems to be the right time for you to buy new property in Lake Como, in case you have been thinking for long. It is very common and very profitable also the weekly rental of the properties.

8 LAKE COMO a perfect place to live Although you have to follow few rules to buy a new villa or house in Lake Como but convenience is one of the key factors that would make you happy after occupying a property. Lake Como has the ease of three international airports at a driving distance of 40 to 60 minutes. It takes just minutes of flight journey to reach UK, Belgium, Holland and Germany. Easy train & road connectivity with other places makes the stay even more contented. Good choices of international schools in reachable location is a plus point to dwell here. You can get best health care facilities that are usually rare to find in a small town or suburb. Its nearness to ski resorts is the best selling point As per recent data, investors have reported to receive 25% returns on property investments.

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10 ACTIVITIES What to do in Lake Como? Lake Como is not just about historic villas and beautiful views. There are various other shades to Lake Como that you need to explore during your visit. Below are some points that will help you explore Lake Como and plan your travel with ease: Sightseeing You will literally run out of time while exploring Lake Como. If are ever got tired of magnificent views of the lake, the region has endless number of historical villas, museums, and churches. Also spare time to explore some of the near towns and villages. Food Lake Como is a wonderful place to admire the real tastes of Italy. Bellagio is full of cafes, restaurants, and bars that introduce visitors to true Italian dishes & cuisines. Check out other top restaurants in Lake Como region that are part of Lake Como tourism. Shopping If you are fond of silk, then, Lake Como is your place! The region supplies 75% of Europe s silk and caters to the demands of brands like Louis Vuitton and Chanel. Besides big silk clothing brands like La Tessitura, local shops and boutiques also offer an exciting collection of clothes. Adventure For vacationers who crave the adrenaline rush, Lake Como has an exciting list of offerings. The lake itself opens various avenues for adventure enthusiasts. Waterskiing, rock climbing, kite surfing, and trekking are some of the options that can be explored. Lake Como travel guides will also make you familiar with other adventure

11 options. Leisure Lake Como has various options for leisure seekers. There are luxury boat tours to join and exclusive villas to plan your stay. In case you want to spend your time in Lake Como perfecting your golf, then, there are various clubs at your disposal. Nightlife Bellagio once again takes the crown! The town has various nightlife spots where you can make merry at night and have a great time. Cafes and restaurants are also buzzing with activity at night time. Music performances and cultural events will also keep you entertained during your stay. Events & festivals Lake Como is buzzing with activity throughout the year. There is no dearth of film festivals, musical performances and cultural events in Lake Como region. Check out the monthly event calendar of Lake Como before visiting to become part of the most exciting events. If you are fond of skiing and want to spend a relaxing winter break, then, Lake Como can be great option.

12 IMPRESA COSTRUZIONI NESSI & MAJOCCHI S.p.A VIA REGINA TEODOLINDA, 49/A COMO C.F. e P.IVA