Palermo, Italy
Palermo, Italy
Guide Price
$864,000
€800,000 EUR
PROPERTY TYPE
house
BEDROOMS
4
BATHROOMS
3
Description
Rif: 40791004-95 Classe energetica: G Palazzo Ristrutturato con 5 Unità Indipendenti 524 mq nel Centro Storico di Palermo Ideale per Investimento A soli 200 metri da Piazza Pretoria, nel cuore del centro storico di Palermo, in Vicolo Chiesa di SantOrsola, presentiamo in vendita intero edificio storico oggetto di ristrutturazione integrale nel 2011. Il complesso è composto da cinque unità immobiliari indipendenti, tutte ristrutturate, distribuite tra piano terra e primo piano, per una superficie catastale complessiva di circa 524 mq. [?] Distribuzione Piano Terra Laboratorio (51 mq) Unità ristrutturata con accesso indipendente, ideale come studio professionale, cantina o locale a servizio delle unità abitative. [?] Appartamento (81 mq) Unità abitativa con accesso indipendente composta da: living con cucina a vista camera da letto bagno disimpegno completa l'unità uno spazio esterno di pertinenza esculiva. [?] Appartamento (130 mq) Ampia unità abitativa composta da: ingresso su zona giorno con cucina due camere da letto servizi disimpegno Dotata di spazio esterno privato, elemento di particolare valore nel contesto del centro storico. [?] - Piano Primo Appartamento (117 mq) Unità ristrutturata composta da: soggiorno con cucina a vista due camere da letto bagno spazi accessori [?] Appartamento (145 mq) con terrazzo Unità principale Lunità di maggior pregio è composta da: ampio salone con cucina a vista e soppalco disimpegno/studio due camere da letto bagno in camera secondo bagn
Location
Open in Google MapsLiving 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→Italy at a glance
How Italy scores for American expats
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
RE/MAX Platinum - Palermo
Next steps for moving to Italy
Interested in this property? Here's how to move forward.
Understand the buying rules
Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.
Sort out your visa
Owning property doesn't give you the right to live there. Research residency options before you buy.
Plan your finances
Understand currency risk, international wire transfers, and whether you can get a local mortgage.
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.
Set up healthcare
Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.
Run the full checklist
Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.
Subito.it
EUR