According to our research, there is an increasing interest in investing in real estate in Italy. Reasons to invest in this one of the world’s most likable countries include not only tourism, sailing, or vineyards, but also an attractive investment yield.
Purchasing property in Italy is a good investment for a number of reasons:
- Italy’s transaction costs are lower compared to other European countries such as France, Portugal or Spain. Currently, the interest rate on properties is still at historic lows, which makes purchasing a property a very good investment;
- purchasing a property in Italy is a good investment if you plan on renting it, thereby generating passive income. Number of historic cities in Italy are very popular with tourists and many cities are also witnessing urban development and thus attracting new residents;
- the Italian government has introduced new policies regarding tax deductions and state incentives such as convenient rates on mortgages, reductions in the registration, mortgage and cadastral taxes, and other incentives.
In the post-Covid-19 pandemic economy, a significant number of foreigners have purchased property in Italy in the last year, and there are good reasons to believe that the housing market will grow by driving the country’s real estate market in its full extent.
According to recent ISTAT estimates, the House Price Index (HPI), which measures the evolution of market prices of all residential properties purchased by households, increased by 4.2 percent in the third quarter of 2021 compared to the same quarter the previous year, due to increases in both the prices of new dwellings and the prices of existing dwellings. This trend demonstrates that people are committed to purchasing property, viewing it as a safe investment, particularly in areas deemed to be the most stable to live in. Furthermore, investors are interested in both bustling cities and small towns with charming historical city centers, as well as suburbs.
During the pandemic, the value of the latter has risen in particular; small towns or suburbs, in fact, offer a higher quality of life than crowded city centers, which are characterized by constant traffic and air pollution. In fact, properties outside of major metropolitan areas are more likely to have gardens for remote working, a private marina for private yachts, or vineyards.
Many foreigners have decided to invest in the Italian real estate market in the last year, making Italy the first choice among people from the United States of America and the European Union looking to buy a second home outside their home countries.
For more information and attractive offers do not hesitate to contact us at office@alat.pl