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With the current market in Italy you might be well advised to buy a property already built. Prices are very negotiable and agents start off immediately by telling you the price is negotiable after telling you the asking price. We have recently purchased a new built property from a developer that was completed at the end of 2010. We negotiated a substantial discount from the asking price. With a finished property you know what you are getting. Renovations can be stressful and you might not get what you thought you were paying for.