Rentxpress.com - Renting Property in Italy: New Legislation Makes it Easier

    ROME, ITALY, August 11, 2010 /24-7PressRelease/ -- Italy is on the cusp of passing a revolutionary law that fixes tax rates at 20% of rental income, a far cry from the currently onerous tax that amounts to 40% of rental income.

Renting a holiday home or apartment in Rome, Florence or Milan has never been easier or cheaper: property owners will have a strong incentive to place their homes on the newly regulated market, entrusting them to professional companies (the majority of which in Italy are in the care of Halldis (Apartment Rentals), Rentxpress (City Apartments), Windows on Italy (Villas in Italy), Windows on Tuscany (Villas in Tuscany), Gentili & Roy (Luxury Apartments), Phosphoro (Student Apartments)) and accept credit card as means of payment. The competition that will grow on foot of this will encourage a reduction in prices charged, making a visit to Italy a much more attractive option.

The Italian Government has been talking about this new law for some time and it is expected to lead to a significant decline in the black market, facilitate the rental of houses that were not previously rented, and reduce the exorbitantly high rents charged in many Italian cities. Prime Minister, Silvio Berlusconi, at the centre of a grave political crisis, finally appears to have arrived at the discussion table to pass the law.

At least this is what tourists, tenants and Italian property owners are hoping!

For information on how to rent or secure the services of a property manager in Italy, visit Windows on Europe - Property Managers - the leading market player.

Contact: Paola Luce at (+39) 02.583490
7 piazza IV Novembre, Milan, Italy
[email protected]
www.windowsoneurope.com

Windows on Europe is a holding which invests in companies offering innovative services in the real estate sector, and aimed at optimizing a property's capacity to generate rental income since 1986.

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