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Cumpăr sau închiriez?

E mai bine să cumperi o casă sau să închiriezi și să investezi diferența? Introdu ipoteca, costurile și chiria ca să afli când (și dacă) cumpărarea câștigă.

The property

€

Purchase price, excluding fees and taxes

The mortgage

%

Italian banks typically require 20%. Below 10-15% you'll need a guarantee.

%

Average Italian fixed rate (Apr 2025): ~3.3-3.8%. Variable: Euribor + spread (~3-3.5%).

Typical terms: 20, 25, 30 years. Longer = lower payment but more interest.

%

Notary + taxes + agency, as % of price. Use a preset below or set your own.

Italian presets

Ongoing costs

€

Primary residence: €0 (IMU exempt in most municipalities). Second home: depends, typical €500-2,000/yr.

€

Typical: €50-150/mo. Covers cleaning, elevator, hallway lighting. Excludes extraordinary maintenance.

%

Rule of thumb: 1% of property value per year for repairs, boiler, appliances.

€

Not mandatory but recommended. Typical fire/disaster policy: €200-400/yr.

Renovation

Set to 0 if no renovation needed. Typical apartment: 60-100 m².

The rent

€

The rent you pay (or would pay) for a home equivalent to the one you'd buy.

%

In Italy the ISTAT adjustment is ~2%/yr. Subsidized contracts may increase less.

Assumptions

%

Italian historical average: ~0.5-1.5%/yr (much less than UK/US). Major cities do better.

%

Expected return if you invest instead of buying. A global ETF returns ~5-7% real long-term.

How many years to compare. Buying benefits more with longer horizons (>10 years).

Purchase summary

Down payment40.000 EUR
Closing costs6.000 EUR
Total upfront46.000 EUR
Loan amount160.000 EUR
Monthly payment801 EUR

The verdict

Buying wins from year 15 onward

After 20 years:
Net worth (buy)200.700 EUR
Net worth (rent)193.889 EUR
Buying advantage6.812 EUR

Simplified simulation. Whichever side is cheaper in a given month invests the savings, and both portfolios are shown gross of the 26% capital-gains tax. Does not account for tax deductions (first-home bonus, mortgage interest deductions), selling costs, vacancy periods, or rate changes. Use as a compass, not advice.

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