Italian mortgage advice in Naples
Nestled between two volcanic areas, Mount Vesuvius and the Phlegraean Fields, the city of Naples is renowned for its art, culture but probably most of all, as the birthplace of the pizza.
Modern Naples is largely dominated by tourism, commerce, industry and agriculture; its metropolitan area is Italy’s third most populated after Rome and Milan. It is well connected with major motorways and road links coming in and out of the city. It is also well served by public transport, with trams, buses, trolleybuses, funiculars and even its own Metro system giving easy access throughout the city. Given Naples notoriety in terms of traffic and the ‘local way’ of driving, the fact that it’s served so well by public transport is of special importance to those looking for an Italian mortgage for a property in Naples and its environs – a city served well by public transport is a city worth living in.
When considering investing and buying a property mortgage for a place in Naples, the figures show that actual ‘house price inflation’ is beginning to slow, although house prices are still on the rise. There are certain areas that have been noted as having potential for investment, including the port area which has undergone a clean-up in recent years.
However, one must be aware and not throw caution to the wind that high transaction costs, taxes and laws that favour tenant security and restrict rent increases mean that an Italian property mortgage for the rental market may not be so cut-and-dry.
For all your mortgage overseas advice, whether French mortgage, Italian mortgage or for any other country, the experts at Conti are on hand to guide you through every step of the process. As the UK’s leading overseas mortgage specialist we have had 15 years successfully helping our clients to find the right finance for property abroad.
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