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Italy · EUR

Turinreal estate

Turin is the cheapest major northern Italian city — a former single-industry capital with grand Baroque stock and a student population that keeps the centre full.

RomeMilanFlorenceNaplesBologna
Notaio-verified path
Cadastral rendita checked
3D map
9% / 2%registro: second home vs prima casa
Renditacadastral value is the tax base on resale
Codice fiscalerequired before the notaio will close
IMUannual municipal tax on non-primary homes
What a purchase really costs

€300,000 home in Turin

Imposta di registro (second home) (9%)
€27,000
Notaio (≈1.5%)
€4,500
Imposte ipotecaria & catastale
€600
Agency, buyer side (3% + 22% IVA)
€10,980
Cash needed at the notaio
€343,080

≈ +14.4% over the price. Registration tax is 9% for a second home and 2% under prima casa relief — and on a resale between private parties it is charged on the cadastral value (prezzo-valore), which is usually well below the price you pay. Prima casa is for people who move their residenza within eighteen months, not for holiday buyers.

Rentals run on rules

The rent side, in three lines

  • The 4+4 contract is the default: four years, renewed four more unless the landlord has a statutory reason.
  • Cedolare secca lets a landlord swap progressive IRPEF for a flat substitute tax, but freezes the ISTAT indexation.
  • Every lease must be registered with the Agenzia delle Entrate — an unregistered contract is void against the tenant.

Eviction runs through the court calendar, not the contract. Underwrite the timeline, not the brochure yield.

Cities

Six metros, one national deed

Registration tax is national; the base, the IMU rate and the condominio are local. A Milan yield and a Naples yield do not survive the same spreadsheet.

The post-automotive transition is genuine but incomplete: the city added universities, aerospace and food industry while losing the manufacturing employment that built it. Price the labour market you can verify, not the one on the plaque.

Crocetta and the Quadrilatero are the premium; San Salvario and Vanchiglia carry the student and young-professional book; the northern belts remain cheap for a reason. The renovation-incentive years left a trail of both restored facades and unresolved condominio balances.

The Alps are an hour away, which supports a small but real weekend-second-home flow that Milan does not have.

FAQ

Why is Turin cheaper than Milan?
A smaller and slower employment base, a larger stock, and less international demand. The discount is structural, not a temporary dislocation.
Renovation-incentive risk?
Ask whether works were completed, certified and fully financed. Unfinished or contested superbonus jobs left real liabilities inside some condomini.

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