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Baroque Bargains in Italy’s Heel

Date: 07/30/2008 Author: Leigh Fergus

Thursday, July 31, 2008

Read more about Italy in International Living Postcards—your daily escape

Dear International Living Reader,

After days exploring the gentle slopes of the Itria Valley and tasting seafood in the small coastal towns on the Adriatic in Italy’s “heel” province of Puglia, it’s time for a little bustle and retail therapy in a city. Lecce is the next stop.

Our hotel, The Eos, is a new block of dazzling white stone on the edge of town. But it’s only a 15-minute walk to the old center, and we need the exercise after all the food we’ve had.

Lecce itself is a feast of another kind—for the eyes. From the ancient castle, the city gates, the Roman amphitheater in one of the most chic shopping squares I’ve seen, to the heart-stopping Santa Croce basilica, it’s an unending delight to explore. Even outside the main center, I spied an Arabian Nights-style mansion with sentinel palm trees on either side. And keeping the amphitheater and castelo as landmarks, it’s easy to find your way around.

Lecce is Baroque heaven—at every corner you see ornate doorways and ochre facades where endless stone cherubs, birds, flowers, and monsters sprout. Wrought-iron balconies spill over with plants, and through half-open gates I glimpse vast courtyards; where once carriages and horses stopped, now are gleaming cars and SUVs, all washed and waxed.

Most of the old streets are free of cars and the best time to explore is in the evening when the distracting modern shop windows are dark, and the dramatic splendor of the Duomo is even more stunning. I saw few tourists, but in the past month I’ve come across three travel articles about Lecce, and I feel sure that it won’t be so quiet for long.

For such a magnificent city, prices are low. One realtor offers a 700-square-foot, two-bedroom apartment for $241,000 in the historic center near the San Anna Music Conservatory, with a sunny terrace to go with it. I saw a one-bedroom property also within the old city walls, near via Vittorio Emanuele (the road that leads to the Piazza Duomo), $210,000, fully restored.

Prices are even lower if you want an apartment or house in the “new” part of town, that is, outside the old walls. You can find a three-bedroom, 1,000-square-foot apartment in need of a little fixing up, with a sun area for $79,000, or a two-bedroom, 968-square-foot home in a classic 19th-century building for $100,000. I also found a two-bedroom 1,076-square-foot apartment close to the center with two typical wrought iron balconies, ready to move into for $148,000.

And eating out is not expensive, either—it was hard to spend more than $30 on a full gourmet meal of three courses with a liter of wine and liqueurs.

One place to try is Le Zie, a homey restaurant run entirely by women. Le zie means “aunties,” and it is indeed like stepping into your favorite relative’s dining room. You ring the doorbell and give your name before sitting down at one of the dozen or so tables in the simple room. Take a look at the walls—grateful gourmet diners have left their business cards or sent postcards, and they make original wallpaper. Don’t be put off by the hand-scrawled menu with no prices; again, you won’t be able to spend more than $30 per person here. The food is Italian home cooking like you’ve never had before. The presentation isn’t artistic, but the freshness of the ingredients and the taste of each dish are worth the trip.

Leigh Fergus
Europe Editor, International Living

Editor’s Note: Imagine having the opportunity to visit the world’s most romantic, exciting, and offbeat destinations—and getting paid as you go. This dream has become a reality for many aspiring writers. To find out how you can start today, follow this link.

Read related IL Postcards:

- The Best Buy in Italy Right Now

- An Italy You Can Afford

- How to Survive the Crazy Italian Roads

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Reader Comments

Property taxes, Italy

This wasn't my postcard, but I explained the purchase tax situation in my recent IL print issue article on Italy's Abruzzo. Purchase taxes depend on whether you intend becoming resident in Italy---or using your property as a vacation home. I gave a breakdown of costs for a sample €38,500 property---and there are properties at this price (or less) in Abruzzo and much of the rural south.

Residents pay a lot less in purchase taxes, agreed. That's not some scam---agents in Italy have always explained the situation to me. The amount of taxes you pay isn't dependant on your nationality. It's all about your intentions. i.e. It depends on whether you are planning to live in Italy full time or using a property for vacation purposes.

If you do intend making your home in Italy, you also have the option of declaring you’ll take up residency within 18 months of taking possession. That way you'll pay the cheaper rate. Various purchase taxes for residents on that sample €38,500 property amounted to €2,953. For non-residents, they would be €5,313.

Most Italian agencies charge buyers 3% to 4% in agency fees. Reputable Italian agents will belong to FIAIP--the national organization of real estate agents: the Federazione Italiana Agenti Immobiliari Professionali . www.fiaip.it It's in Italian, but go on to the cercacasa link at the top of their web page and you'll find links to properties and the FIAIP member selling agent.

Other advice. Don't pay the asking price: make an offer. Certainly in southern Italy, it's common for properties to go for 10% to 20% less than the asking price.
Steenie Harvey

Real Estate Professionals Overseas

If you work with a Realtor who has the TRC (Transnational Referral Certificate) designation, or the CIPS (Certified International Property Specialist) designation, or a Realtor here in the states who then refers you to a real estate professional with the same designation overseas, you will find their level of ethics to be on par with an excellent Realtor here in the states - the commission is the same; the Realtor overseas pays the referring realtor an agreed upon commission out of "their" commission for a client they would not have otherwise had. They are bound to higher levels of ethics through their designations and can suffer great penalties for violations.

Italy's Bargains

I just closed today (1 August, 2008) on a Condo in Agropoli (10 minutes SOUTH of the Amalfi Coast) for $175,000US. It's 1000 Square Feet (1 Very Large Bderoom, 2 Bath), brand new construction, 3 stories, sits 1000 feet above the city, with spectacular views of the Tyrranean Sea, the town of Agroploi, it's beaches & harbor, and mountains-10 minutes from the city center. The Seller is building an edgless pool for the residents that overlooks the same views (HOA fees are $300 Euros per year). Great weather (not too hot or cold). And it's NOT YET a tourist town. Easy to go out to the great local resturants without any crowds (Less than 20 Euros each for dinner with wine). If you want the Amalfi experience, it's a short drive away. Want to find a property like this? Contact Stefania Russo of the Property Organiser. She's awesome (stefania.russo@propertyorganiser.co.uk)!

Italy living

Yea, but you can't compare the US to the beauty and splender of Italy with its rich history and antiquties. Nothing beats Italy, nothing.

Southern Italy compared to the states?!?!?

You can live in the states very well for that kind of money? Really, tell me how the taxes in the US are when you purchase that 200,000 dollar home in the US. How about the food, the people, the scenery, all things that surpass what is available here in the states, Italy, especially Southern Italy is a real estate gold mine, if you know what you are doing. No where in the US, will you be able to find a house in a location such as this for that price! No where.

price is not all

Forget about Southern Italy! Quality of life is very low. Too dangerous for investments. Best place to invest is in northeast, where you get the highest rate of tourism in Italy. You've got sea, mountains, lake, nice hills, historic cities (Verona, Venezia, Vicenza and many many more). Northeast is also a very wealthy place and one of the best economic regions in Europe. Prices are a bit more than in the South but in next 2-3 years due to real estate crise clever people with enough time could make great investments.

Buying in Italy

Be aware of sales tax differences between residence and non-residence - and of locals agents who would take advantage of foreigners.

I learned while trying to buy an apartment in Pozzoulie (near Napels) and not being a resident, sales tax was 10% (vs. 3% for residents). For a 300,000 euro apartment, that's 21,000 more!

The agency would not tell me this. To receive the written statement for final "in the door" cost (other than the scribbled note pad - without signature), I had to hire a lawyer. OF COURSE I would have hired a lawyer to complete the transaction, BUT why should I have to pay one just to get an honest answer as to how much I have to pay for the apartment?

Luckily the lawyer (named Fortunato ;-) only charged me 200 euro and we both agreed the agency was one I should not be doing business with. He also taught me a valuable phrase that begins with "Va fa... "

I am still sad to have not moved into that beautiful retrustructered apartment overlooking the port of Pozz. In fact the value has increased that even now I think maybe I should have paid the extra tax.

If you're wondering, I'm serving in the military and the (SOFA) treaty that allows us to be here precludes becoming a resident. After I seperate/retire, if I return as a civilian, I can apply for residency if I meet requirements at that time.

Italy for $79,000

I can live very well in the states for Real estate that expensive!!

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