Investment Opportunity in the Real Estate Market in Italy
By Space Coast Daily // April 7, 2022
Italy is a country known for its history, culture, food, and beautiful Mediterranean climate. From historical architecture to modern arts and classic hilltop towns, this entices visitors every year from all around the world. Whether it’s a vacation away, a new family home, or the appetizing cuisine. Italy has it all!
Italy has been known for its Cultural tourism. But the current trends are moving towards rural property investment. Whether it’s for recreational purposes or a new family home with a beautiful sea view. Italy has everything to offer visitors, from lakes and historical cities in the north to unspoiled coastline or the simple rural life to be found in the south. This is why southern Italy is becoming investors’ favorite to find cheap property in Italy as prices here are considerably lower than in the rest of the country.
A decrease in population can be seen as youngsters are migrating to other countries to develop their experiences and skills, as result, abandoning villages all over Italy.
Therefore, to revive its idyllic nature, schemes are being introduced, through which people are offered to relocate and refurbish the properties and are able to buy cheap properties for as little as one euro, in some cases. The schemes require a minimum investment and a commitment to living there.
Perfect as retirement homes and also perfect for those young families wishing to bring their children up in a rustic environment, with the added benefit of learning another language. Some pointers to keep in mind before buying the property
1. Make sure to find an English-speaking Italian lawyer or real estate agent to guide you through the process and advise on the legal implications of various schemes to find you the investment that best suits your purpose.
2. Another consideration is that your investment property can provide an income.
3. Investing in Italian real estate is an intelligent decision as Italy is the third most popular tourist destination in Europe, and a great income deriving force from the tourist trade is almost guaranteed; this makes a compelling argument for investment.
Here are some reasons why Italy is a smart property investment choice
■ Stunning variation in natural beauty, from lakes, mountains, and lush vegetation to rugged or sandy beaches.
■ Warm Mediterranean climate.
■ The abundance of culture, history, and magnificent architecture.
■ Relatively low prices, compared to many EU destinations.
■ No capital gains tax on profits from Italian property, creating maximum returns on investment.
■ Possibility to cut purchase costs in half by becoming a resident.
■ The Italian government offers investors grants to reform rural.
■ Possibility to renovate beautiful, old Italian houses into fabulous residences that earn high rent in peak season.
■ Various recreational activities, from skiing, hiking, or beach holidays to sightseeing and cultural activities.
■ Dream lifestyle, modern systems, and friendly people make Italy an easy relocation destination.
Italy’s booming and ever-expanding tourist industry is a clear indicator of a healthy investment climate. Italian property remains relatively cheap compared with many other EU countries. Flying to Italy has been revolutionized by budget airlines, so wherever you choose to invest, your property will be easily accessible. Italy is an ideal investment destination for a second or vacation home, as well as finding various property types and prices.