Blog Standard

Part 1

The real estate market in Puglia is in a state characterized by various factors. Despite the challenges posed by the "invisible" recession, inflation, geopolitical uncertainties and financial instability, the market is showing some interesting trends:

1. Steady interest in vacation properties: Puglia remains a popular destination for tourists, leading to continued interest in vacation properties in the region. This includes both traditional vacation homes and luxury villas with sea views.
2. Growing demand for renovation properties: Due to Puglia's historic charm and cultural heritage, there is a growing demand for renovation properties, particularly in the region's picturesque towns and villages. These properties are often sought after by investors looking to enter the lucrative vacation rental market.
3. Development of luxury real estate projects: Despite the general economic challenges, there is a continuous development of luxury real estate projects along the coastline of Puglia. These high-end properties are aimed at affluent buyers who are looking for exclusive living opportunities and are willing to invest in high-end amenities and services.
4. Price stability in some areas: While some areas of Puglia have seen some price stability, particularly in rural areas, other areas have seen some price increases, particularly along the coast and in popular tourist towns such as Bari, Lecce and Ostuni.

Overall, the real estate market in Puglia continues to offer a wide range of opportunities for investors looking to benefit from the region's potential. However, it is important to thoroughly research local market conditions and make an informed decision before investing in the real estate market in Puglia.

What you should know,

Tax news 2024: Changes to the IRPEF for real estate capital gains with super bonus

The Finance Act 2024 introduced important tax changes for properties that benefit from the superbonus. 

Here is everything you need to know:

1. new taxation of capital gains:
Capital gains from the sale of properties with works carried out under the superbonus (article 119 of Legislative Decree 34/2020) are now subject to IRPEF if the sale takes place within 10 years of the completion of the works.
This also applies to all interventions that benefit from the superbonus, regardless of the deduction percentage (110 %, 90 %, 70 %, 65 %).

2. calculation of the capital gain:
The capital gain is calculated by deducting the purchase or construction costs of the property plus all other associated costs from the sale price.

3. attenuations and accentuations:
If the purchase or construction is more than 5 years after the sale, the acquisition or construction costs are revalued according to the consumer price index.
For superbonus work completed less than 5 years ago, the cost of such interventions will not increase the cost if the superbonus was used at 110 % with transfer options or discount on the invoice.

4. exclusions:
Inherited properties and those used as a main residence are exempt from this new taxation according to specific legal definitions.

5. applicable tariffs:
The usual IRPEF rates (from 23 % to 43 %) or a substitute lump sum of 26 % can be applied to capital gains.

These changes are aimed at regulating the real estate gains associated with the benefits of the superbonus, which affect those who sell properties that have been renovated with this incentive.