By purchasing a property in Italy, you can choose whether to establish your permanent or elective residence here.
Each one has its standard requirements and related tax benefits; keep in mind the final use you will give to the property and reciprocal agreements between Italy and your country of origin, often define parameters of the permanent rather than the elective one; we can provide an ad-hoc advice in choosing the one that suits you best and if you want, even helping you get it.

Benefits provided for the Schengen’s area in terms of free movement of people, goods and services have greater relevance and application once the residence has been established.
This link to this EU portal will provide useful information about the profiles of those who request it.