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Thursday, January 29, 2015

Life of Italian Nobility for Sale, Complete With Regulations and Taxes - NYTimes.com





The deserted castle and the estate on which it sits are for sale, along with a number of other historic Italian properties.  Credit: Gianni Cipriano for The New York Times


While castles and historic mansions in Italy have long been family
inheritances, today dozens of them are for sale, even in one of the most
conservative real estate markets in Europe.

In recent years, Italy’s well-rooted inherited wealth has withered from a
potent combination of factors. They include the increasing costs of
living and services, the shaky finances of owners in a time of lingering
economic trouble, cuts in government subsidies to maintain historical
properties and, not least, mushrooming property taxes.




Life of Italian Nobility for Sale, Complete With Regulations and Taxes - NYTimes.com

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