Sava Villas is a small development of only 7 luxury villas, situated near Sava in the beautiful region of Puglia in Italy. The setting is idyllic, a tranquil olive grove only 10 minutes by car to the Ionian Sea. This means that all the villas will have sea views from their delightful roof terraces, ideal for sunbathing or dining under the stars.

The architect and the developer is a renowned Italian interior designer who has showrooms in both Rome and Milan, and his clients include the likes of Jim Carey, Madonna and Kevin Costner to name a few. He also designed the jewellery box which was presented to the Pope on his inauguration.

These are bespoke properties and the architect will work closely with the buyer helping them to design and furnish their dream home in Italy.

Each Villa will include the following:
- Swimming Pool 6 x 12m
- 1.5 acres - 5 acre plots
- Electric Entrance Gates
- Fully Furnished
- Fully landscaped gardens
- Outdoor shower and BBQ area
- Roof terrace with sea views

Italy

(capital local time:
01:49:19
)

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* Property in Italy
* General information about Italy
* Economic data about Italy
* Tourist information about Italy
* Property buying process in Italy
* Relatively useful facts about Italy

Lots of facts and useful information about Italy can be found at Wikipedia, by clicking here.

Below we've picked an information about Italy and Italian property, important from the overseas property investor's point of view.

Property in Italy
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General information about Italy
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Italy! Probably no other country on this planet has given the world more cultural icons, architectural styles, fashion, operas, paintings, sculptures, tenors, and we certainly can't forget food and soccer teams.

Italy has so much to see and do, from skiing in the Alps, through the Lake District of the north, the historic and stylish cities of Florence, Milan, Naples, Siena, Turin and Venice, coastal cities and quaint little villages, and of course Rome, and the Vatican, where one of the world's best art collections has its home. Italy is also the shopping paradise.

The boot-shape peninsula of Italy, extending into the central Mediterranean Sea is a rugged, mountainous country of simply stunning scenery that also includes the popular island destinations of Sardinia and Elba to the west, and Capri, Ischia and Sicily off the southern coast.

Italy is renowned for its olive oil, pasta, pizza, wine, and of course sunshine, and year-round great weather. Simply stated, Italy is "la dolce vita" (the sweet life), and many people that travel to this incredible country never want to leave. With world's celebrities choosing numerous Italian locations every year, its popularity never goes out of fashion.

Italy's climate varies rather dramatically north to south. In November it can be freezing in Milan, partly cloudy and around 20 degrees Celsius /70 degrees Fahrenheit/ in Rome, and hot and sunny in Palermo.

In the mountain regions of the north, summers are usually cooler than the southern reaches of the country, and winters bring very cold temperatures and snow, often heavy.

The coastal areas of Italy experience much milder winters and are generally hot and dry in summer. The farther south, the hotter and drier conditions become. In central and southern Italy, the winter months are very mild, summers are usually hot and dry, and sunny sky's are the standard. In far southern Italy and on Sicily, temperatures get a bit higher in summer, while fall and winter can be rainy.

Economic data about Italy
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Italian currency is Euro. It is the 6th largest economy in the World, so the property investment here is safe and rewarding. Among different industries country's most famous exports are in the fields of
- fashion (Armani, Valentino, Versace, Dolce & Gabbana, Roberto Cavalli, Benetton, Prada, Luxottica),
- food industry (Ferrero, Barilla Group, Martini & Rossi, Campari, Parmalat),
- luxury vehicles (Ferrari, Maserati, Lamborghini, Pagani)
- motoryachts (Ferretti, Azimut).

Italy, sweet, sweet life!

Tourist information about Italy
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You can hardly imagine a country better for tourism than Italy. Every city has its story and its history around here. The country has islands (Sardinia, Sicily, Ionian Islands), seas (Thyrenian, Mediterrean), mountains, lakes and most of all - absolutely breathtaking cities with their architecture, culture, cuisine and local traditions.
Moreover, a great road infrastructure, fast trains and direct European access to the multiple airports by both regular and economy airlines makes it very accessible for tourists from all around the world.
Our effort to describe what is in interesting Italy can be fairly summarized as: everything. As a property investment company we can add: think Calabria, where the property prices are still reasonable and the relax opportunities - unlimited.

Property buying process in Italy
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The offer of purchase
The buying process begins with an offer of purchase signed by both the parties, containing the details of the property, the agreed price and the terms and conditions of payment. The offer of purchase has the purpose of taking the property off the market for usually 30 days. A sum of 3.000 Euro is required by the buyer along with the signing of this agreement, which binds the developer not to negotiate the sale of the same property with other potential clients over the mentioned period.

After that and by 30 days (under penalty of non refunding of the mentioned 3.000 Euro), the parties will sign a preliminary sale agreement, which is a crucial step of the whole procedure. There is a reason why almost every purchase in Italy follows the scheme preliminary sale agreement/deed of sale: this is because, despite the name (preliminary), such an agreement is the most legally binding one which Italian Civil Code provides for and regulates.

In fact, according to art. 2932 c.c., the preliminary sale agreement is enforceable through a judicial order should one of the parties decide not to fulfil his own obligations. The preliminary sale agreement selling off plan properties has been fully regulated by a recent law (d. lgs. 122/2005), whose main purpose is to protect the position and the investment of the buyer.

Every preliminary sale agreement must contain:
• detailed cadastral description of the land;
• ownership of the land and related title deed(s);
• good standing of the land (mortgages and any other legal burden have to be fully detailed, if any);
• planning authorizations issued ( lotting out authorizations – if required - building permission);
• duration of the building works and exact time when the property will be finished, transferred and handed over.

The content of the preliminary sale agreement
According to the said regulation and as to this last point, although a prior issuing of the building permission is not mandatory, any preliminary sale
agreement may be legally signed if the developer has at least applied for the issuing of the building permission (in this case, the registration number of the application must be detailed in the agreement). In addition and with regard to the features of the future property, the preliminary sale agreement must also state a full description of the property. Any contract must therefore have as annexes:
• a plan of the entire development;
• a plan of the single building unit;
• a detailed description of the building specifications, which the developer should carefully follow during the building works.

The payment of the deposit and the guarantee
Along with the signing of the preliminary sale agreement, the buyer shall pay a deposit called 'caparra confirmatoria', usually in the region of
40-50%. Such a sum will be obviously deducted from the total price but, should the buyer decide not to complete the purchase, it will be legally retained by the developer as a compensation. A substantial protection for the buyer is offered by a bank /insurance guarantee running over the construction works. To be valid, it should respect the following features:
• it is mandatory and included in the purchase price: a preliminary sale agreement which does not come with this bond is null and void and, in addition, the developer is not entitled to charge an extra fee for it;
• it must be issued by a bank/insurance company licensed for this purpose by the Ministry of Economy and registered at a specific Registry held by the Bank of Italy;
• it must cover all the sums paid by the buyer to the developer until the signing of the deed of sale;
• it covers the event of developer’s bankruptcy or financial crisis;
• it must contain a clause stating that, should the developer go bankrupt, the insuring company shall pay the due sums within 30 days directly to the buyer, without any prior need of legal action against the developer for the recovering of the sums (which would take years in other case).

Should the guarantee provided by the developer not to fulfil the above terms and conditions, the preliminary sale agreement must be considered null and void.

The completion and the deed of sale
It is important to clarify that the preliminary sale agreement has not the purpose to transfer the property (which actually does not exist yet), but only to create a reciprocal obligation between buyer and developer/vendor. The property will be transferred at the signing of the deed of sale. The deed of sale ('rogito') is the agreement through which the property, once completed, is transferred to the buyer. It must be drafted by a Notary, a public officer acting on behalf of the state and in the interest of both the parties. Once signed, the deed of sale will be handed over to both the parties and registered at the 'Conservatoria dei Registri Immobiliari' (the competent Registry), while a further copy will be stored in the Notary’s archive. The deed of sale will prove the ownership of the property.
According to Italian Law, only those parties who have an accurate knowledge of the Italian language are allowed to sign the deed of sale in person, because it is mandatory for every party to fully understand the legal implications arising from the contract. Foreign buyers who do not speak Italian have therefore two choices :
• they may appoint a translator who will be before the Notary translating the content of the contract and the will of the parties; in this case, they are allowed to sign the deed of sale;
• they may appoint an attorney (preferably a lawyer) in order for him to sign the deed of sale on their behalf; in this case, their presence before
the Notary is not necessary.

Taxes and expenses connected to the purchase
All the taxes due for the purchase will be collected by the Notary on behalf of the state at the signing of the deed of sale. Four are the taxes to be paid at completion:
1. I.V.A. (V.A.T.): it is due in the region of 10% of the purchase price. If then the buyer intends to transfer his residency in Italy and that property is the first one in the country, VAT due is just 4%. In this case, the buyer should get the residency within 18 months.
2. Imposta di Registro (Registry Tax): 168 Euro, whatever the value of the property is;
3. Imposta Ipotecaria (Mortgage Tax): same as above. Such a tax is due regardless of the fact whether the property has been purchased through a mortgage;
4. Imposta Catastale (Cadastral Tax): same as above.
In addition, Notary fees have to be considered. Notary fees are set out by the National Counsel of Notaries in relation to the value of the property. They may be calculated in the region of 2% of the purchase price.

Relatively useful facts about Italy
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An average distance from any place in Neapol to the Moon is 384,4 thousand kilometres.

The least popular Italian dish is pizza con caviale nero (black caviar pizza).

Presumably, the shape of the Italian Penisula is an effect of the Bootmakers's Guild lobby of the medieval times. Their idea won over the competitive one from the German Guild of Bakers - to make Italian Peninsula Pretzel shaped.

The best known city in Italy starting with "P" and having a leaning tower is Piza.

The most shy Italian is Francesca Gollini.

Since multliplous enquires related to buying the Colloseum by one of the leading donut producers were rejected, we suggest focusing on other luxurious property in Italy.

Interesting Italy video - between 0:36 - 0:40 - click here.