Property in Italy

Real estate in Italy. Daily market review.

Italy is among the most traditional and stable areas to buy a home abroad among Russians. Foreign buyers in Italy are not after the price per square meter. Rich cultural heritage, mild Mediterranean climate, diversity and natural beauty, luxury and prestige are the main advantages of the country for overseas property buyers.

The real estate market in Italy is one of the most sustainable in Europe. The country managed to avoid the construction boom, and housing prices were not artificially inflated, as in some other countries. As a result, during the global crisis, prices on average decreased slightly – by 5-7%, but some regions they even increased.

The Italian market of striking contrasts. Now, according to one recent study, in Italy are the most expensive houses in the world. At the same time, in the country to buy apartments in a new complex at the price 50 000 Euro. The cost of housing is determined primarily by the region and the level of infrastructure development, proximity to the sea and a number of other factors.

The most prestigious areas to purchase real estate in the country are the regions Tuscany and Liguria, the famous lakes Como, Maggiore, Garda and Sardinia. Here are the houses of many celebrities, and the average home value is calculated seven-digit numbers.

Southern regions of the country and especially Calabria are very popular among those seeking cheap property in Italy. The relatively underdeveloped, predominantly rural region, Calabria, has in recent years become a hit on the number of housing sales, which led to a construction boom, accompanied by rapid price growth.

Now the average cost of housing in Calabria is not as low as a few years ago, however, the number of requests for property in the region continues to be a leader in the Internet.

Also enjoy considerable demand for housing in the "Eternal city" – Rome and the business capital of Italy – Milan. The city is the carnival of Venice also attracts not only tourists, but property buyers.

Italian legislation does not restrict the purchase of real estate in the country by foreign nationals. The procedure of sale is quite clear and simple.