Start with data, not a promise
OMI quotations include rental ranges by zone and property type, searchable through the Revenue Agency’s database. They provide a geographic reference, not a forecast of the rent a particular home will achieve.
In its Q2 2026 survey, the Bank of Italy reported that rents had accelerated quarter on quarter in most of the country, with the North-West as an exception; year on year, the pace was more moderate. A national picture does not replace checking the local market.
Calculate gross yield first
As an initial indicator, divide the assumed annual rent by the total acquisition cost and multiply by 100. State clearly which items you included in that cost, such as the purchase price and estimated transaction expenses.
This is gross yield: it does not deduct taxes, maintenance, insurance, management, utilities paid by the owner or periods without a tenant. Do not compare properties using different calculation bases.
Build realistic scenarios
Prepare at least a cautious scenario and a central one. For each, set out the expected monthly rent, occupied months, recurring expenses, foreseeable maintenance and management costs; for short-term lets, also account for day-to-day operations and possible demand fluctuations.
For a property in Puglia or another region, test assumptions against local information and quotes relevant to the location and intended use. A municipal average may not describe a country home, a historic residence or a flat in a holiday destination.
Check operations before making an offer
Clarify who will find tenants, handle check-ins, arrange repairs and take care of administrative duties. If you will be outside Italy, include the time and cost of dependable local management in your plan.
Tax treatment and obligations can depend on the owner’s circumstances and the type of letting. Before committing capital, ask qualified professionals to review your scenario: a spreadsheet yield is not a guaranteed net return.