Italian property market

"From cuisine to architecture and from historic cities to timeless landscapes, Tuscany’s lifestyle appeal to the global community is well documented. Stretching from The Apennines to the Tyrrhenian Sea, prime residential prices are averaging just over €12,000 per square metre, second to Sardinia’s Costa Smeralda."

"Costa Smeralda on the island of Sardinia remains a well-established location in Italy for the prime residential market. Emerging into global consciousness during the 1960s with the redevelopment of the area by Aga Khan, with beaches like the Maldives framed by lush Mediterranean scrub, the region has seen strong performance across its prime residential market for years."

"The wealthiest city in Italy and one of the fashion capitals of Europe has the highest prime residential prices per square metre of the four main cities in Italy. Transaction volumes fell by 15.2% in 2023, but pricing was sustained by low levels of supply across the market. A resilient financial and business services sector in Milan has supported increased migration to the city in recent years."

"Italy’s northern regions, encompassing Lake Como, Lake Maggiore, Lake Garda, and Liguria are iconic destinations for second homes driven by both domestic and international interest. These regions attract thousands of visitors each year and have been thoroughly established destinations for decades."

"Italy is a country with a rich cultural heritage and a desirable location for those seeking a prime residential property in the Mediterranean. The country offers a high quality of life and continues to be a top prime residential destination globally, supporting stability within its prime residential markets."

"From historic homes to world class cultural institutions and landmarks, to national and international organisations, there is a panoply of drivers for buyers to come to Rome. Demographics are in Rome’s favour with a growing youthful population: 33% are under the age of 34, forecast to increase a further 7.9% by 2033, drawn by the two universities in the global top 500 and the economic growth of the city."

"A top destination for culture and history, Florence attracts millions of tourists each year. UNESCO declared the historic centre of the city a World Heritage Site in 1982. Noted for its culture, Renaissance art and architecture and monuments, the city is also home to a number of international schools and universities."

"Once a more off-the-radar destination, Sicily has surged to the forefront of global consciousness once again, thanks to several high-profile television series and films. An area of rich history, reflected in Greek, Roman, and Byzantine sites as well as a haven for nature with Mount Etna towering over the landscape."

"Lifestyle, culture, weather, but also competitive prices and tax incentives: the Italian market is opening more and more to international interest, supporting further expectations of growth.  "