Real estate sales in Italy began to grow from the 80 - ies of the last century. The key reason-increased demand from foreigners who wanted to buy housing in a country with a mild climate and favorable living conditions. In the mid-90s, the market gained a second wind, and sales rapidly went up.
Until 2004, the number of real estate transactions grew by an average of 60% across the country, but this year was a watershed: the indomitable [Expand]
impact of the American crisis, the Euro crisis ... Sales began to decline, and by 2012 the figures fell to the level of 80.
Since then, the market has recovered, the volume of transactions went up, and the growth continues to this day.
Dynamics of the volume of transactions in Italy
Now the market is stable, and in the next five years there will certainly be improvements. Largely due to changes in the laws-investor visas, preferential taxation for wealthy foreigners.
In Asia, South America, Eastern Europe, there are now millions of new super-rich people who want to move their families to Europe for permanent residence. In their home countries, the quality of life will reach the European level not earlier than 30 years. Italy is a good choice for them.
In my opinion, the most attractive regions for investment are Lombardy, Tuscany, Liguria, Lazio. It is best to choose large cities with developed infrastructure, rich historical heritage, diverse trade and commercial network, international language schools and universities. Of course, the proximity of international airports is also important.
Recently, short-term rental of apartments and B&BS in the most visited tourist cities of Italy has been in high demand. This leads to an increase in the number of transactions for the purchase and sale of small two-and three-bedroom apartments. Both Italians and foreigners invest. In cities such as Milan, Florence, Venice and Rome, the demand for apartments in the center exceeds the supply, which contributes to a smooth increase in prices. In addition, if you compare Milan, for example, with London, buying apartments in Italy will cost twice as much.
The real estate market in Italy: new perspectives
Real estate sales in Italy began to grow from the 80 - ies of the last century. The key reason-increased demand from foreigners who wanted to buy housing in a country with a mild climate and favorable living conditions. In the mid-90s, the market gained a second wind, and sales rapidly went up.
Until 2004, the number of real estate transactions grew by an average of 60% across the country, but this year was a watershed: the indomitable [Expand]
Since then, the market has recovered, the volume of transactions went up, and the growth continues to this day.
Dynamics of the volume of transactions in Italy
Now the market is stable, and in the next five years there will certainly be improvements. Largely due to changes in the laws-investor visas, preferential taxation for wealthy foreigners.
In Asia, South America, Eastern Europe, there are now millions of new super-rich people who want to move their families to Europe for permanent residence. In their home countries, the quality of life will reach the European level not earlier than 30 years. Italy is a good choice for them.
In my opinion, the most attractive regions for investment are Lombardy, Tuscany, Liguria, Lazio. It is best to choose large cities with developed infrastructure, rich historical heritage, diverse trade and commercial network, international language schools and universities. Of course, the proximity of international airports is also important.
Recently, short-term rental of apartments and B&BS in the most visited tourist cities of Italy has been in high demand. This leads to an increase in the number of transactions for the purchase and sale of small two-and three-bedroom apartments. Both Italians and foreigners invest. In cities such as Milan, Florence, Venice and Rome, the demand for apartments in the center exceeds the supply, which contributes to a smooth increase in prices. In addition, if you compare Milan, for example, with London, buying apartments in Italy will cost twice as much.
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