Italy - Rental Yield

Rental yields vary from property to property, and depend on many factors including location, size, view and amenities.

The standard of finish and the condition of the property can also determine the market quite radically.

To appeal to the western European market, and to command the highest rents, a property must be well finished and appointed, and be in tip-top condition.

Most analysts suggest an annual return of up to 8% of the property value. We can suggest various agencies in Calabria which provide competitive rates and more importantly a professional service.

The above figures do not have any management fees deducted (Up to 25%)

In most new developments there will be a charge of €6 - €15 per sq meter a year as a contribution to managing the shared facilities including the communal gardens and pool. This charge will of course depend upon what services/facilities you choose to buy.

The main energy utility is electricity which is priced similarly to those in the UK.

Italy also has a council tax which is very reasonable at approx 500€ per annum, depending on the location.

If you wish to let out your property, and choose to deal with a Rental Management Company to facilitate this, expect to pay them up to 25% of the rental yield.

They will manage the property for you in your absence, working with local professionals to manage all elements including cleaning the property, airing it, making the beds, doing the laundry, linen and even toilet paper replacement. Agencies can service properties prior to arrival and perform an inventory check after departure.

Furniture packages are available from many 3rd party suppliers in the area. We can also spend time with a client should they wish to take a more bespoke approach to furnishing a property.