As
already mentioned, the statistics are startling: unauthorised building work and planning problems are found in
around 80% of cases and property owners are often completely unaware of the
situation.
In
order to provide you with maximum protection and peace of mind throughout the
buying process, the following investigations should be carried out, in order to
verify the following:
- Current ownership/good
title to the property and whether it is free of registered charges
- Whether or not the
property complies with planning permits and regulations
- If the Land Registry records are correct and updated
The
problems identified as a result of the above investigations can often be serious and irresolvable.
In some circumstances, our advice will be to not proceed with the purchase of
the property (which in any case cannot be sold); in other cases, building
violations can instead be remedied, prior to signing the final purchase deed,
by presenting the application for retrospective planning permission (Accertamento di Conformità). The
purchase can then proceed once the fines have been paid and retrospective
planning permission has been obtained.
EXAMPLES
OF RECENT DUE DILIGENCE INVESTIGATIONS WE HAVE CARRIED OUT:
Due diligence
investigations for a historical building located in Venice.
Total property value:
8 mln
Due diligence
investigations for a luxury seaside villa/estate in the municipality of
Ospedaletti (Imperia).
Total property value:
14 mln
Due diligence
investigations for a 926-hectare vineyard with agriturismo, with buildings totalling 20,000sqm, situated in the municipalities of Monteroni
DArbia and Murlo (Siena).
Total property value:
19.5 mln
Property development
involving the construction of six apartments, situated in Florence in the
municipality of Campi Bisenzio, carried out by DGM IMMOBILIARE SRL.
Total development
project value: 1.5 mln
Quality Surveying for
a construction project involving a residential complex in Città di Castello, in
the province of Arezzo, comprised of twenty residential units, four of which we were responsible for overseeing. We also carried out post-completion due diligence
investigations for these apartments.
Total value of the four residences: 1.2 mln
Quantity/Quality Surveying for the construction of a luxury residential/thermal
complex in Castel del Piano, in the province of Grosseto (Work in Progress).
Construction project
value: 5.5 mln