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As the grip of Covid 19 is relaxing many people are considering
realising their long-held ambition of buying a house in Europe. The
relaxed lifestyle, the Mediterranean diet and the temperate warmer
climate in countries throughout Europe lure British nationals
across the English Channel.
Real estate remains one of the best investments and a
well-positioned well-appointed house can prove a lucrative
long-term investment beginning as a holiday home that can be let
out during the spring and summer months, thereby generating
sufficient income to pay the running costs. In due course,
the property can become the owner’s retirement destination with
the benefit of having well-established friends and acquaintances in
the local village and surrounding area.
The most popular destinations are Spain, France, Italy and
Portugal. The UK’s exit from the European Union has not
created the problems predicted. Expert legal guidance through
the legal and regulatory landscape enables British nationals to
avoid the pitfalls.
Giorgio Bianco, a partner, commented
“Giambrone & Partners brings to our clients the advantage
of extensive expertise across the range of risks and adverse issues
that may arise and cause a transaction to falter if it is not
carefully managed.” Giorgio further remarked “the
purchase process may appear to be very similar across Europe but it
is essential that clients are protected from such risks as heritage
debts being attached to a property and also the lack of planning
permission with regard to illegal extensions and adaptations to the
construction of a property which render the property
valueless.”
British nationals are often unaware of factors and laws that
impact on the purchase agricultural land in many countries.
Those countries where agricultural land is considered to be
strategic resource foreigners may be subject to regulations and
rules related to such land. In Italy land adjacent to
existing farm land is subject to pre-emption rights whereby the
farmers with land abutting the property being sold must be offered
the chance to buy the land first and only after the offer has been
made and rejected can the purchase go ahead.
The purchase of even a modest property is a considerable
financial outlay and most people cannot afford avoidable losses,
the legal costs of satisfactory due diligence far out ways the
costs of discovering illegal defects that must be addressed or,
worse still, buying a house that cannot be lived in.
The advice to have experienced real estate lawyers to guide you
through the purchase process is not given lightly; having
first-class legal advice can make a considerable difference to the
success of your transaction. Giambrone & Partners have
offices and lawyers in the countries and regions that British
nationals frequently choose as their destination of choice and with
15 years of experience in providing thorough due diligence and
assisting British nationals to successfully own a home in Europe
our lawyers enjoy an enviable record as highly knowledgeable real
estate lawyers across Europe.
Giorgio Bianco is a partner, he leads the Sardinian office, the
Tunis office and the Lyon Office
Giorgio has been a qualified Italian lawyer registered at Bar of
Sassari (Sardinia) since 2011.He is also registered as a lawyer at
the Bar of Lyon (France) since 2021
Giorgio joined Giambrone in 2012, initially working from the
Tunisian office, which he set up in 2017 where Giorgio successfully
strengthened his knowledge of International and Tunisian law. He
subsequently provided an invaluable contribution to the setting of
the Sardinian office as well as setting up a French desk for Italy
in 2019. In 2021 Giorgio made a significant contribution to the
opening of Giambrone & Partners France, with its first office
in Lyon.
Giorgio was shortlisted in 2016 by the prestigious legal
magazine Top Legal for the award best Italian young lawyer of the
year. Giorgio’s expertise and his ongoing work as resident
partner in Sardinia assisted in the success in Giambrone winning
the coveted Top Legal award as Best law Firm of Italy -
Islands.
Giorgio taught law as an expert in immigration law and
intercultural mediator in 2017. Giorgio is frequently invited as an
expert speaker relating to international law at a variety of
conferences, seminars and other events. His main areas of
expertise revolve around International and cross-border civil and
commercial law, international contracts, real estate, French Law,
Tunisian and Islamic Law. He also provides specialised legal
expertise with respect to debt collection, corporate, arbitration,
probate and family law.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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