Italy Reduces Notary Fees for Affordable Housing

Why this is here: The National Council of Notaries agreed to reduce their earnings to facilitate the measure, offering a 50% discount on fees for qualifying properties.

In Italy, the National Council of Notaries and the government reached an agreement to reduce notary fees by 50% for specific real estate transactions. This measure forms part of the Piano Casa 2026, a 10 billion euro plan over ten years intended to bring over 100,000 affordable homes to market. The reduction applies to the notary’s fee only, leaving state taxes like registration, mortgage, and cadastral taxes unchanged.

The discount automatically applies when an eligible property is purchased within the Piano Casa framework. These properties must be part of social housing programs with municipally-regulated, reduced sale prices or rental rates. The notary’s act must explicitly reference the national Piano Casa to justify the fee reduction.

Currently, the measure only addresses fees for purchase, mortgage, and rental contracts. It does not extend to other types of real estate transactions. The program aims to support low to middle-income citizens and young couples, but continued monitoring will determine its long-term effectiveness.