Back to Palermo, Italy

Palermo, Italy

Palermo, Italy

Guide Price

$453,600

420,000 EUR

$400K-$599K
View on Subito.it

PROPERTY TYPE

Condo

BEDROOMS

2

BATHROOMS

2

Palermo, Italy - Photo 2
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Description

Palermo, esclusiva Via Maqueda, con ingresso da Piazzetta Bonanno, nel cuore della ricercata ed elegante Area Quaroni, raffinato appartamento di 1° piano disposto su due livelli, che si apre un ampio soggiorno, accogliente e luminoso, collegato in modo elegante alla cucina abitabile attraverso un gioco visivo che separa e che allo stesso tempo mette in relazione la zona living e la cucina, rendendo lo spazio armonioso e ricercato. Sullo stesso piano si trova anche un comodo bagno con doccia, curato nei dettagli e molto funzionale. Salendo la scenografica scala a vetri, si raggiunge la zona notte, con un'ampia camera matrimoniale e il secondo bagno, dotato di un ampio piatto doccia doppio. Completa la proprietà il posto auto coperto, elemento raro e particolarmente apprezzato in un contesto centrale come questo. La posizione rende questa proprietà un'opportunità unica: Via Maqueda è uno dei principali assi pedonali della città, attraversato ogni giorno da residenti, turisti e viaggiatori che scelgono Palermo per la sua vitalità culturale. L'appartamento, già anche struttura ricettiva, offre un enorme potenziale per chi desidera investire nel turismo, un settore in continua crescita in questa zona animata da monumenti, teatri, locali, botteghe e attrazioni storiche. Questo immobile rappresenta una soluzione ideale per chi cerca una casa di grande fascino nel centro più autentico della città, ma anche per chi vuole un investimento pronto a generare reddito con una resa eccellent

Location

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Living in Palermo

Sicily's vibrant, chaotic capital where living costs are among the lowest in Western Europe and the street food culture rivals any city on Earth. The city has a raw, unpolished energy with stunning Arab-Norman architecture, bustling markets, and a growing digital nomad scene drawn by Italy's favorable tax regime. Italian is essential, infrastructure can be frustrating, but the warmth of the people and the quality of daily life -- especially the food -- make up for it.

Espresso at the bar every morning, pasta made the way your grandmother wished she could, and a culture that treats every meal, every sunset, and every conversation as something worth lingering over.

Visa

Digital Nomad Visa — requires remote work for foreign clients/employers, min €28,000/yr net income, and 6 months work experience. Valid 1 year, renewable. Elective Residence Visa — for retirees and those with passive income (€31,000/yr minimum, no work allowed). Both offer a path to long-term residency.

Learn more: The Complete Guide to Moving to Italy

Key Fact

Italy launched its digital nomad visa in 2024, making it much easier for remote workers than the old elective residence route. Italian bureaucracy is notoriously slow (3-6 months processing), so patience and a good immigration lawyer are essential.

Learn more: Can Americans Buy Property Abroad? Rules by Country
See all Italy listings

Italy at a glance

How Italy scores for American expats

💰Cost of Living
Moderate
🛡️Safety
Very safe
🗣️English Spoken
Rarely
🏥Healthcare
Excellent
🌬️Air Quality
Moderate
📶Internet
Moderate
🚶Walkability
Very walkable
🚇Transit
Excellent

Cost of buying in Italy

Estimated fees and ongoing costs for this property

Closing Costs

7-12% of purchase price

  • ·Registration tax: 2% (primary) or 9% (second home)
  • ·Notary: €2,000-5,000
  • ·Cadastral tax: €50
  • ·Agent: 3-4% + VAT

Annual Costs

Property Tax

0.4-0.76% of cadastral value (IMU — not on primary residence)

Insurance

€200-500/yr

HOA / Condo Fees

€50-200/mo for apartments (spese condominiali)

Good to Know

Agent Fees

Buyer pays own agent (3-4% + 22% VAT)

Foreign Buyer Note

Reciprocity requirement — Americans can buy freely (US-Italy treaty). Codice fiscale (tax ID) required. 9% registration tax on second homes is significant.

Legal help in Italy

Hire your own attorney — not the seller's. We'll match you with a vetted local lawyer.

Need a local attorney in Italy?

We'll connect you with an independent, English-speaking real estate attorney experienced with foreign buyers. Not the seller's lawyer — yours.

Contact Agent

Grimaldi Immobiliare

Next steps for moving to Italy

Interested in this property? Here's how to move forward.

1

Understand the buying rules

Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.

2

Sort out your visa

Owning property doesn't give you the right to live there. Research residency options before you buy.

3

Plan your finances

Understand currency risk, international wire transfers, and whether you can get a local mortgage.

4

Know your tax obligations

US citizens are taxed on worldwide income. You'll need to file US taxes from abroad and may owe local taxes too.

5

Set up healthcare

Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.

6

Run the full checklist

Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.

Source

Subito.it

Portal listings

Currency

EUR