Italy is attractive for real estate investment: myth or reality

Real estate investments- is a smart financial decision that gives you the opportunity to purchase a vacation home or property with the ability to rent it out, enjoying your own life in luxury. Given the current economic instability,Italian real estate investmenteven more favorable compared to other countries experiencing economic downturns.

Moreover, since the demand for the Italian coast does not weaken even in times of economic instability, many prudent people prefer to invest in tourist real estate at sea, thus ensuring the preservation of capital and a quick return on money through renting.

Why it's beneficial.

This location attracts many serious investors looking for an EU country with a strong economy where prices are still reasonable. Calabria, Scalea is a county in the south of Italy where there are stillreal estate purchaseat sea is inexpensive. In addition to low prices and the ability to attract tourists from all over Europe, the region is also well suited for agriculture.

Law

Legislation does not impose requirements on buyers from other countries, so it is possible toapartment purchaseinvestorand any property he likes. A solid legal framework protects private property, which guarantees safety. All documents for sale are checked by a notary, which guarantees the purity and legality of the transaction.

Investments in commercial real estateare regulated by the Civil Code and Law No. 42/2004.

Sale shop in Taranto 143 494,00 $

Italy,Taranto

4 Bedrooms

2 Bathrooms

197 м²

Sale flat in Rome 1 602 272,00 $

Italy,Rome

2 Bedrooms

2 Bathrooms

164 м²

Sale flat in Rome 1 173 931,00 $

Italy,Rome

4 Bedrooms

3 Bathrooms

265 м²

Sale flat in Florence 2 729 706,00 $

Italy,Florence

2 Bedrooms

2 Bathrooms

75 м²

Sale flat in Florence 1 548 863,00 $

Italy,Florence

2 Bedrooms

2 Bathrooms

110 м²

Sale flat in Viterbo 49 687,00 $

Italy,Viterbo

1 Bedroom

1 Bathroom

40 м²

Buyers from foreign countries enjoy the same rights as domestic investors. The procedure for acquiring title to real estate is simplified, but there are certain legal restrictions on the transfer of real estate within certain countries (for example, it is prohibited to sell real estate in Italy to foreigners from Iran and North Korea).

What and where to invest in?

The Italian government plans to sell fifty buildings from its portfolio, including some of its most famous tourist attractions. The plan is to raise 502 million euros. In particular, investors will be able to purchase a castle near Rome, a cardinal's palace and an island in the Venetian Lagoon. The government hopes that the new owners will breathe life into historical monuments such as restaurants, museums and hotels. These investments could become lucrative again, given the historically high tourist interest in Italy, according to experts who have reported on the matter.

If it's expensive for now, you may want to consider an option such asbuying a house.An even more budget-friendly option would bebuying an apartment.

Do not know in which city it is better to invest finances, then here is a list of favorable offers: