How to make a good property investment in Lucca

Last updated on January 18, 2024

Yes, the analysis of Lucca's property market is included in our pack

Lucca, located in Italy, offers unique real estate investment prospects in Tuscany. There are, actually, a lot of opportunities in this charming Italian town known for its well-preserved historic center and beautiful surroundings.

How is the real estate market there? Are prices going up or going down? Do people make profits on their real estate investments? What about the rental demand?

We'll answer all these questions for you! When building and updating our property pack for Italy, our team has been researching and surveying this area. Actually, lots of customers are interested in investing there. So we thought it would be a good idea to add some information about it in our pack.

Investing in real estate in Lucca

Is Lucca an attractive destination for property investment?

Lucca, a charming city in Tuscany, Italy, is an attractive destination for property investment for several reasons.

Its rich history, well-preserved Renaissance walls, and beautiful architecture make it a desirable location for those looking to own a piece of Italian heritage. The city's appeal is not just historical; it also offers a high quality of life with its vibrant cultural scene, excellent cuisine, and proximity to both the mountains and the sea.

The real estate market in Lucca is dynamic, with a steady demand for properties, particularly from international buyers who are drawn to the Tuscan lifestyle. One data point that illustrates this dynamism is the consistent rise in property prices over the years, even with fluctuations in the global economy.

For instance, despite economic challenges, the average price of properties in Tuscany has seen an increase, reflecting the enduring appeal of the region.

Historically, the real estate market in Lucca, like many other parts of the world, has experienced ups and downs.

However, it has shown resilience in the face of economic crises. The global financial crisis of 2008 did impact Italy's property market, but since then, there has been a gradual recovery, with areas like Lucca experiencing a more stable market due to their international appeal and the timeless value of their properties.

Investments in Lucca tend to perform well when they align with what the area is known for—beautifully restored historic properties, such as villas, farmhouses, and apartments within the city walls. The budget for these types of investments can vary widely, but there is a strong market for mid to high-end properties. The region within the city walls is particularly sought after due to its historic significance and the lifestyle it offers.

One very specific and positive aspect of properties in Lucca is the presence of the intact Renaissance-era walls that surround the city. These walls are not only a historical feature but also provide a unique green space, as they have been transformed into a park where people can walk and cycle, offering a blend of urban and natural environments. Owning a property adjacent to these walls can be a unique selling point, as it combines the allure of historical significance with the practicality of accessible green space.

When it comes to the safety of investing in more traditional places like Lucca, the city provides a stable environment for investment. Its historical significance, combined with its appeal to both tourists and locals, helps to maintain property values.

Moreover, Italy has a well-established legal system for property transactions, which offers a level of security to investors.

While knowing the local language is not an absolute necessity when investing in Lucca, it can be incredibly beneficial. Understanding Italian can help you navigate the legal and administrative processes more smoothly and can also aid in negotiations and building relationships with local agents, lawyers, and sellers.

However, in the absence of Italian language skills, it is essential to work with a reputable real estate agent and legal advisor who are fluent in both Italian and your language to ensure clear communication and a successful investment process.

What are the trends forecasts for the real estate market in Lucca?

These last years, the housing market in the charming city of Lucca has been influenced by several factors that are common to many Italian cities, as well as some unique to the region.

Lucca, known for its well-preserved Renaissance walls and historical charm, has been attracting both local and international buyers who are interested in both residential and investment properties.

One trend that has been observed is the increasing interest in properties that offer outdoor space, such as gardens or terraces. This is likely a response to the global pandemic, as people have come to value private outdoor areas more. Lucca, with its picturesque countryside and historic villas, is well-positioned to cater to this demand.

Another factor to consider is the Italian government's introduction of tax incentives to attract foreign investment, such as the flat tax regime for new residents and the "1 euro houses" initiative in some regions, aimed at revitalizing rural areas. While these incentives may not be specific to Lucca, they can indirectly boost the market by increasing the overall attractiveness of investing in Italy.

The city's real estate market could potentially go up due to its appeal to both tourists and remote workers. Lucca's proximity to cities like Florence and Pisa, coupled with its own cultural and historical attractions, makes it a desirable location for short-term rentals and vacation homes.

Additionally, the rise of remote work has allowed individuals to relocate to more scenic and peaceful areas, and Lucca fits this profile perfectly.

However, political or economic changes in Italy could impact property investments.

For instance, changes in government policies regarding property taxes or rental laws could either encourage or discourage investment. Economic factors such as employment rates and the strength of the euro also play a role in the real estate market, as they affect both local purchasing power and the attractiveness of the market to foreign investors.

Local policies, such as urban development plans and preservation regulations, particularly in a city with as much historical significance as Lucca, could also impact the market. Strict regulations on renovations and building restrictions in historical centers can affect property values and the ease of making property improvements.

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What types of property can you buy in Lucca? What are the prices and yields?

If you need a detailed and updated analysis of the prices, rents and yields, you can get our full guide about real estate investment in Italy.

When considering investing in property in Lucca, Italy, you have a variety of options ranging from apartments in the historic city center to villas in the surrounding countryside.

Building a new property is certainly an option, but you have to be aware of the strict building regulations and zoning laws, especially in historic areas. You would need to navigate the local planning permissions, which can be a complex and time-consuming process.

The average cost of residential properties in Lucca can vary widely depending on the location and type of property.

For example, a small apartment in the city center might cost significantly more per square meter than a larger property in a less central area. Prices can range from a few thousand euros per square meter in the city to less in the surrounding areas. Keep in mind that these are rough estimates and prices can fluctuate based on market conditions and property features.

In terms of the ratio of renters to owners, like many Italian cities, there is a mix of both. Many people buy properties as a second home or for investment purposes, and there is a market for buy-to-let investments. The rental yield potential can be attractive, particularly if you're targeting the tourist market with short-term rentals. Lucca is a popular tourist destination, which means that there can be good demand for vacation rentals, especially during peak seasons. This tourism demand can drive up both short-term rental prices and the potential for higher yields.

However, if you're considering a buy-to-let investment, you should also be aware of the legal requirements and tax implications of being a landlord in Italy. The rental demand from locals will be more stable throughout the year, but the yields might be lower compared to the short-term tourist rental market.

Tourism does have a significant impact on the property market in Lucca. Properties that are well-suited for short-term tourist rentals, such as those in the historic center or with unique features, can command higher prices both in terms of purchase and rental.

However, this also means that these properties might have higher initial investment costs.

Reselling property in Lucca can be relatively straightforward, but the ease of resale will depend on the state of the market at the time of sale, the property's condition, and its location. Properties in prime locations or with unique features that appeal to both locals and international buyers are typically easier to resell.

Typical holding periods for property investments can range from a few years to several decades. Much depends on the investor's strategy and market conditions. Capital gains prospects are similarly variable and can range from minimal to significant, depending on how the property market performs over time and the specific location and condition of the property you've invested in.

Which areas in Lucca offer the best investment opportunities?

When looking at Lucca, a charming city in Tuscany, Italy, it's clear that it has become a hotspot for foreign property buyers.

The reasons for this are varied, but they often include the city's rich history, beautiful architecture, and the idyllic Tuscan lifestyle that many dream of. The types of foreigners attracted to Lucca typically come from wealthier demographics, often from countries like the UK, Germany, the United States, and the Netherlands, among others. They are usually looking for second homes, retirement properties, or investment opportunities.

In Lucca, the historical center is a prime location for those who want to immerse themselves in the city's medieval charm.

However, properties here can be quite expensive due to their historical value and the limited availability. For budget-friendly options, neighborhoods just outside the city walls, like Sant'Anna or San Marco, offer a more affordable entry point into the Lucca property market while still providing the Tuscan experience. These areas are close enough to the city center to enjoy its amenities but come without the premium price tag.

Areas trending up and becoming more popular include those that offer a balance of accessibility, amenities, and authentic Tuscan living.

For instance, the area around Monte San Quirico is gaining attention for its panoramic views and proximity to both the city and the countryside. This balance makes it an attractive option for both living and investment purposes.

When considering the pros and cons of each area, the historical center offers the advantage of being in the heart of Lucca, with easy access to cultural events, restaurants, and shops.

However, the cons include higher prices and potentially stricter regulations on renovations due to the historical nature of the buildings.

On the other hand, the more budget-friendly neighborhoods provide more space and a quieter environment at a lower cost, but they might lack the unique character of the city center and require a bit more travel to reach Lucca's main attractions.

Predicting the future of property prices and rental demand involves looking at trends such as infrastructure developments, tourism growth, and the overall economy. Areas that are currently undervalued but are experiencing improvements in accessibility, such as new roads or public transport options, could see an increase in property prices.

Additionally, neighborhoods that are starting to attract small businesses, cafes, and shops can become more desirable, leading to higher rental demand.

As for regions to avoid, it's generally wise to be cautious about areas that are prone to natural risks, such as flooding, which is not uncommon in certain parts of Tuscany. Also, areas that are too remote may not provide the rental demand or lifestyle that most foreign buyers are seeking. It's important to consider the long-term implications of buying in an area that might be difficult to reach or lacks basic services and amenities.

Here is a summary table to help you visualize better. If you need more detailed data and information, please check our property pack for Italy.

Area	Attractions	Property Prices	Pros	Cons	Future Predictions
Historical Center	Medieval charm, cultural events, restaurants, shops	Expensive	Heart of Lucca, easy access to amenities	Higher prices, stricter renovation regulations	May remain in high demand due to limited availability
Sant'Anna / San Marco	Close to city center	Budget-friendly	More space, quieter environment, lower cost	Lacks unique character of city center, further from main attractions	Potential increase in demand if amenities improve
Monte San Quirico	Panoramic views, proximity to city and countryside	Varies	Balance of accessibility, amenities, and authentic living	Emerging area, may have less established services	Improving infrastructure could lead to price increases
Areas prone to natural risks or too remote	Varies	Varies	May offer natural beauty or seclusion	Natural risks, lack of services and amenities	Lower rental demand and potential difficulties in access

Make sure you understand the real estate market in Lucca

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Who can invest in real estate in Lucca?

Investing in property as a foreigner in Lucca

If you're considering investing in housing property in Lucca, Italy, as a foreigner, you have to understand the legal framework that governs property ownership in the country.

Generally, foreigners have the same rights as Italian citizens when it comes to owning property, including land. There are no specific restrictions on foreign ownership of real estate in Italy, and you do not need to be a resident or have a residence permit to purchase property. A tourist visa is typically sufficient for the buying process.

However, regardless of your nationality, you will need to obtain an Italian tax code, known as a codice fiscale, which is essential for all financial transactions and legal acts, including buying property and setting up utility services. This tax ID is similar to a social security number and is used to track your financial activities within Italy.

While there are no restrictions on how long a foreigner can own property in Italy, and you can certainly pass on the property to your heirs or sell it to another foreigner without additional restrictions, there are some bureaucratic processes to be aware of.

For instance, when you decide to buy property, you will need to sign a preliminary contract (compromesso) and pay a deposit. Then, the final deed of sale (rogito) is signed in front of a notary, and the balance of the purchase price is paid.

Having a local bank account is not strictly necessary, but it can make the process of transferring funds and paying for ongoing expenses like utilities and taxes much easier. While you can hold property and make payments in foreign currencies, it's worth noting that all transactions within Italy are typically conducted in euros, and having a local bank account can help mitigate exchange rate risks and fees.

Foreigners are subject to the same tax rates as locals when it comes to property taxes. These include IMU (municipal property tax), TASI (services tax), and TARI (waste tax).

Additionally, when purchasing a property, you will be required to pay a purchase tax, which varies depending on whether you are buying from a company or an individual and whether the property will be your primary residence or a second home.

It's also worth mentioning that if you're from a country outside the European Union, you may need to check if there are any reciprocal agreements in place between Italy and your home country regarding property ownership. These agreements ensure that citizens of each country are treated equally in terms of property purchases.

Lastly, while you don't need specific authorization from a governmental institution to purchase property, it's highly recommended that you work with a local real estate agent and a legal advisor who specializes in property law to navigate the process. They can help ensure that all necessary documentation is in order and that you understand all legal obligations associated with property ownership in Italy.

Residency in Lucca

Owning property in Lucca, or anywhere in Italy, does not automatically grant you residency.

However, Italy does offer a residency-by-investment program, commonly referred to as the Golden Visa program, which allows non-EU citizens to obtain residency through substantial investments, including real estate.

To gain residency through real estate investment, you would need to invest a minimum of 500,000 euros in residential properties or 2 million euros in other types of properties. This investment must be maintained for the duration of your residency permit.

Once you've made the investment, you must apply for an elective residency visa, which allows you to live in Italy if you can support yourself without working. This visa requires proof of sufficient income from outside Italy and a place to live, which your new property in Lucca could satisfy.

After obtaining the elective residency visa, you must register with the local Anagrafe (registry office) in Lucca to become an official resident. This involves providing documentation such as your passport, visa, proof of address in Lucca, and the codice fiscale (tax code).

The initial residency permit is typically valid for one year and can be renewed as long as you maintain the investment and meet the other requirements. After five years of legal residency, you may apply for a long-term EU residency permit, which is renewable every five years.

Permanent residency is different from long-term residency. To obtain permanent residency, you must live in Italy for a continuous period of five years with a regular residency permit. After ten years of legal residency, you may be eligible to apply for Italian citizenship, provided you meet all the necessary conditions, including language proficiency and integration into Italian society.

The number of people who have used this scheme varies, and detailed statistics may not be readily available without consulting Italian immigration authorities or legal experts in Italian real estate and immigration law.

Remember, the process can be complex and may require the assistance of a lawyer or a specialized agency to navigate the legal requirements and ensure that all the paperwork is correctly filed. It's also important to keep in mind that immigration laws and policies can change, so you have to have the most up-to-date information when making such a significant decision.

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How to get started to invest in real estate in Lucca?

What is the step-by-step process to buy property in Lucca?

We'll give her a brief overview. However, there is a detailed and dedicated document to the buying process in our property pack for Italy.

When you decide to buy a property in Lucca, Italy, the process begins with finding a house you like and making an offer.

Once your offer is accepted, you'll need to sign a preliminary contract, known as a "compromesso," which outlines the terms of the sale and usually involves paying a deposit, typically around 10-20% of the purchase price. This deposit is a commitment from both parties, and if you back out without a valid legal reason, you may lose this money.

Conversely, if the seller backs out, they may have to pay you double the deposit as compensation.

After the compromesso, you'll need to get all the necessary checks done on the property. This includes ensuring there are no outstanding mortgages or debts, and that the seller has the right to sell the property. This due diligence phase is crucial and can be quite complex, especially if there are issues with the property's documentation or legal status. It's advisable to hire a "geometra" (a technical expert) to check the property's compliance with building codes and regulations.

The next step is the final deed of sale, or "rogito," which is signed in front of a notary. The notary is a public official who performs due diligence on the property, ensures all documents are in order, and records the transaction in the official property registers. At this point, you'll need to pay the balance of the purchase price, the notary fees, and any applicable taxes.

The entire process from finding a house to having full ownership can take several months, depending on how quickly you can complete each step and whether there are any complications. The due diligence and legal checks can take a lot of time, especially if there are discrepancies or issues that need to be resolved.

While you don't absolutely need to know Italian to navigate the process, it's highly beneficial. Many legal documents and negotiations will be in Italian, and having a good understanding of the language can help you avoid misunderstandings. If you don't speak Italian, it's wise to hire a bilingual lawyer or a real estate agent who can assist you throughout the process.

In terms of cultural norms, you have to be aware that things in Italy may move at a slower pace compared to what you might be used to. Patience is key.

Additionally, personal relationships and trust are highly valued, so building a good rapport with the seller and local professionals can be very helpful.

One unusual aspect of buying property in Italy compared to some other countries is the use of the "codice fiscale," an Italian tax code that you'll need to obtain before you can sign any official documents or set up utilities for your new home.

Overall, while the process can be complex and time-consuming, with the right preparation and professional assistance, it's manageable. The most error-prone steps tend to be the legal checks and ensuring that all the property's documentation is in order, so you have to pay close attention to these aspects and seek expert advice when needed.

Looking for property in Lucca

Please note that there is a list of contacts (real estate agencies, lawyers, notaries, etc.) and websites in our property pack for Italy.

When you're looking to find a house in Lucca, Italy, you have several options at your disposal.

Many people start their search online, using housing portals such as Immobiliare.it, Casa.it, or Idealista. These websites are comprehensive and user-friendly, allowing you to filter properties by location, price, size, and other criteria. They are a great starting point to get an idea of what's available and at what price range.

Real estate agents, or "agenti immobiliari," also play a significant role in the Italian property market. They often have listings that may not be advertised on the larger portals, providing you with access to a wider range of properties. Working with a real estate agent can be particularly helpful because they have in-depth knowledge of the local market and can guide you through the complexities of the Italian property-buying process.

Social media platforms and Facebook groups can be useful for more informal searches. Sometimes, properties are listed directly by owners, and you might find some hidden gems that are not listed through traditional channels.

However, when dealing with private listings, you have to be cautious and verify the legitimacy of the offer.

In Italy, it's not uncommon for real estate agents to provide listings to potential buyers. You can walk into a local real estate agency in Lucca and discuss your needs with an agent who will then present you with a selection of properties that match your criteria. This personalized service can be very beneficial, especially if you're not familiar with the area or the local real estate market.

The role and responsibilities of a buyer's agent and a seller's agent can differ. A buyer's agent works on your behalf to find a property that meets your needs and negotiate the best possible price and terms. A seller's agent, on the other hand, is focused on achieving the best sale outcome for the seller. It's important to understand which type of agent you are working with, as their obligations and loyalties will differ.

Real estate agent commissions in Italy are not standardized and can vary. It's typical for both the buyer and the seller to pay a commission, which is usually a percentage of the sale price. The exact percentage can be negotiated, and it's worth discussing this with your agent at the outset of your relationship.

When dealing with real estate agents, you have to be clear about your needs and budget. Good communication is key to ensuring that the agent understands what you're looking for. Be prepared to negotiate not only on the price of the property but also on the agent's commission. It's also wise to ask for references or testimonials from previous clients to gauge the reliability and reputation of the agent.

As for red flags, be cautious of agents who are unwilling to provide references or seem to be pushing a sale too aggressively. It's also a warning sign if an agent asks for fees upfront before a sale is made or if they are not transparent about their commission structure.

Buying property in Lucca

When you're looking to buy a house in Lucca, Italy, it's quite common to negotiate the price.

While there's no set rule on how much you should ask for as a discount, it's typical for buyers to start the negotiation at around 5% to 10% below the asking price.

However, the amount can vary depending on the property's condition, the local market, and how long the property has been on the market.

Conducting due diligence is a critical step in the home-buying process. You'll want to ensure that the property is in good condition and that there are no legal issues that could cause problems later on. This usually involves a series of checks and searches.

For the title search and to ensure clear title ownership, you'll need to check the property's history and verify that the seller has the right to sell the property. In Italy, this information is held at the local Land Registry, known as the "Conservatoria dei Registri Immobiliari." A title search will reveal if there are any mortgages, liens, or encumbrances on the property.

While it's not mandatory to hire a lawyer or a notary when buying a house in Italy, it's highly recommended, especially if you're not familiar with the Italian legal system or the Italian language. A lawyer can help you navigate the legal aspects of the purchase, while a notary is required by law to complete the sale. The notary is a public official who ensures that the transaction complies with Italian law and will handle the official registration of the deed.

The cost of hiring a lawyer can vary widely depending on the complexity of the transaction and the lawyer's experience. Notary fees are regulated by law and are based on the sale price of the property. These fees can also include taxes and other administrative costs.

When it comes to the specific documents required for the purchase, you'll need a valid identity document, your tax code (codice fiscale), and other documents that may include the property's floor plans, energy performance certificates, and proof of the seller's ownership. The seller should provide you with these documents, but your lawyer can help ensure that everything is in order.

The property ownership is officially transferred through a deed of sale (atto di vendita), which is drafted by the notary. The deed is then signed by both the buyer and the seller in the presence of the notary. After the signing, the notary will register the deed with the Land Registry, which makes the transfer of ownership official and public.

Remember, buying a house is a significant investment, and you have to take the time to understand the process and ensure that everything is done correctly. Working with professionals like real estate agents, lawyers, and notaries can provide you with the guidance and peace of mind you need to navigate the home-buying process in Lucca.

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Financing a property acquisition in Lucca

If you're considering investing in property in Lucca, Italy, as a foreign investor, there are several financial aspects you'll need to understand.

Financing such an investment can be done through various means, including international bank loans, mortgages from Italian banks, or personal funds.

When it comes to the process of buying a property, typically, you would pay a deposit once you and the seller have agreed on the price and terms, and a preliminary contract (compromesso) has been signed. This deposit is usually around 10% to 20% of the purchase price. The full price of the house is then paid at the time of the final agreement (rogito), which is when the deed is transferred, and the transaction is completed.

Getting a loan as a foreigner is possible, but it can be more challenging compared to local residents. Italian banks may offer mortgages to non-residents, but they usually require a higher down payment and may charge higher interest rates. The average interest rates for mortgages in Italy can vary widely depending on the bank, the type of loan, the duration of the loan, and the borrower's financial profile. It's not rare for foreigners to get a loan, but it does require a solid financial background and often a relationship with the bank.

The deposit you need to buy a property can range from 10% to 50% of the total sale value, depending on the lender's requirements and your financial standing. The higher the deposit, the more favorable the loan terms might be.

Closing costs and fees associated with buying property in Lucca can include notary fees, agency fees, legal fees, and mortgage arrangement fees if you're taking out a loan. These costs can add up to approximately 10% to 15% of the purchase price, but they can vary based on the specifics of the transaction.

When buying a house in Lucca, you'll also need to consider the taxes involved. There's a registration tax for the purchase of the property, which is 2% of the cadastral value for residents buying their first home and 9% for non-residents or those buying a second home. The cadastral value is usually lower than the market value, so this can be beneficial.

Additionally, there's a land registry tax and a cadastral tax, both of which are relatively small fixed amounts.

Property tax rates in Italy include IMU (Imposta Municipale Propria), which is a municipal tax that varies depending on the type of property and its use. Capital gains tax applies if you sell the property within five years of purchasing it, and the rate is 26% of the gain.

However, if you hold the property for more than five years, the sale is exempt from capital gains tax.

Additional fees might include condominium fees if you're buying an apartment in a building with shared spaces or services, and utility connection fees if they are not already set up.

Remember, you have to work with a local real estate agent and a legal advisor who specialize in Italian property transactions to ensure you understand all the costs and legal requirements associated with your investment in Lucca.

What are the risks and pitfalls when buying property in Lucca?

When you're considering property investment in Lucca, you have to be aware of the common risks that come with such a venture.

While property rights for foreigners in Italy are generally secure, there are nuances and local regulations that you should be mindful of.

One of the risks that you might not be aware of as a foreigner is the complexity of the Italian bureaucracy. Dealing with property transactions can be a lengthy and complicated process, with various administrative hurdles to overcome. This can include obtaining necessary permits, dealing with zoning laws, and ensuring that all paperwork is in order. It's not uncommon for foreign investors to underestimate the time and effort required to navigate these processes, which can lead to delays and additional costs.

Another pitfall specific to Lucca, or Italy in general, is the potential for encountering properties with unclear titles or ownership disputes. Some properties, especially older ones, might have been passed down through generations without proper documentation. This can lead to legal challenges that might not be immediately apparent. It's crucial to conduct thorough due diligence and possibly engage a local legal expert to ensure that the property title is clear and transferable.

Regarding environmental risks, like many regions in Italy, Lucca is not immune to natural hazards such as earthquakes and flooding. These events can significantly impact property values and the desirability of the location. Climate change implications, such as increased frequency of extreme weather events, could also affect properties in the area. It's wise to research the history of natural events in the region and consider properties that are built to withstand such occurrences.

While there are no specific case studies of foreign investment failures in Lucca's real estate market readily available without research, it's not uncommon to hear of investors facing challenges due to the aforementioned issues, such as bureaucratic delays or property disputes.

Insurance is a critical consideration for property owners in Lucca. As a foreign investor, you should look into comprehensive property insurance that covers potential damages from natural disasters, as well as liability insurance to protect against any claims made by third parties for incidents that may occur on your property. The insurance market in Italy offers various options, and it's advisable to consult with an insurance broker who understands the local market and can provide policies that suit your specific needs.

Liability concerns are also something to keep in mind. If someone is injured on your property, you could be held responsible. Ensuring that your property is well-maintained and safe for occupants and visitors can help mitigate this risk.

To protect your investment and mitigate these risks, it's essential to have a team of local professionals, including a real estate agent, a lawyer, and an accountant who are familiar with the local market and legal system. They can provide valuable guidance and help you navigate the complexities of the Italian property market.

In case of conflicts, Italy offers legal protections for property buyers, including foreigners. The Italian legal system allows for disputes to be resolved in court, and there are also notary publics who play a crucial role in property transactions, ensuring that all documents are in order and that the transfer of property is legally binding.

While the Italian legal system is reliable, it's known for being slow, so resolving disputes can take a considerable amount of time. Patience and a good legal counsel are key in these situations.