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[Forum List] / PROPERTY (REAL ESTATE) IN AND AROUND SCALEA

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Re: FREEHOLD OR LEASEHOLD

Re: FREEHOLD OR LEASEHOLD
Posted by: Lisa (IP Logged)
Date: May 07, 2020 10:00AM

den wrote:
Lisa wrote:

Well, it depends on what do you want. If you want cheap property for about 30 years (I think its a max. term of leasehold in Italy), then leasehold is for you. If 30 years is not enough
and you are
hoping to live longer haha, then freehold is probably would be a better option. Pros of freehold — you don’t pay service charge/ground rent usually associated with owning a lease (usually is about
100
eur per month). Cons — way higher price. There are not much leasehold properties are on offer by the way, you’ll be lucky to find one.
Thank you for the advice!
I’ve checked prices
online, and leasehold sounds very attractive and profitable for making money from renting it out.
I will buy few leasehold apartments, instead of buying only one freehold flat.
You are welcome, I went for leasehold because I’m already on pension and do not see the reason to spend huge amount of money for freehold if I can get better located apartment for fraction of the price. I’m OK with 30 years lease, if I’m lucky and need more very happy I will extend.



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