Especially among the coast property prices in Sicily are on the rise and we doubt there will be a reduction. We believe prices in Sicily to be 20% less than Tuscany generally speaking.
Do not forget that Sicily is one of the best holiday spot for north Italian, who love to spend at least August on Sicilian beaches, away from the stress of metropolis like Rome or Milan. Italian first, but also Germans, Norwegians, Swedish and few American have bought properties in Sicily especially in the latest 5 years.
So prices along the coast are high also because font of income during summer seasons. It is also true that if you push yourself few miles up the hills (literally) you will find deals you could never imagine. Even this will not longer last, people are looking to invest everywhere this days.
Here a breakdown of taxes and fees.
There is usually between 10-20% of purchase tax depending on type of property, this tax however comes down to 3/4% if you are resident or plan to become so within 18 months of final contract.
Then there are notary fees to consider, these again vary between 1-4% depending on the price of the property, higher for cheaper properties .