Liguria: what real estate market awaits foreign buyers?

Resort real estate in Liguria

Resort properties in Liguria tend to be concentrated along the coast, which stretches for about 350 kilometers along the Ligurian Sea. The region's unique climate, whose warmth is generated by the proximity of the Maritime Alps, makes Liguria particularly attractive to tourists and those looking for vacation rentals.

Coastal Features

The western part of the Ligurian Riviera is known for its wide sandy beaches, while the east is known for its secluded coves with picturesque cliffs jutting out into the sea. Many of the region's beaches are consistently awarded Blue Flags, indicating high standards of cleanliness and safety.

Geographical location

Liguria is just a few hours drive from the famous vacation spots on the Côte d'Azur and Monaco. Unlike the French part of the riviera, the number of foreigners on the real estate market here is much smaller, but this does not affect the high level of housing prices maintained by local wealthy residents.

Population and accessibility

Remarkably, 88% of Liguria's population lives directly on the coast, with only 12% living away from the sea. The region is also conveniently located for access to ski resorts in Italy, France and Switzerland, which adds to its appeal for winter sports enthusiasts.

Transport infrastructure

In terms of transportation infrastructure, Liguria is home to several major airports, such as Nice, Milan and Verona, with regular direct flights from the Russian capital. There are both roads and railways all along the coast, which makes it easy to travel to the neighboring cities of the Côte d'Azur.

• The drive from the western towns of Liguria to Nice takes approximately one hour.
• It will take about two or three hours to get toMilan.

Real estate in Liguria

Real estate in Liguria is among the most expensive in Italy. Statistics show that the average price per square meter of housing here is 70% higher than the national level.

Increase in housing prices

The period between 1998 and 2007 saw a sharp rise in secondary housing prices due to high demand and restrictions on new construction. However, during this period, the number of real estate transactions fell by about 30% between 2004 and 2009, according to the Territory Agency. At the same time, the house price index increased by 44% over the period.

State of the market in 2008-2009

Despite the downturn felt in 2008-2009, average real estate prices in Liguria have remained above the10,000 eurosper square meter. At the same time, housing in popular resort areas such as Portofino, Rapallo and Cinque Terre was even more expensive.

Popularity of Liguria

Portofino stands out as the most expensive resort in Italy after Cortina d'Ampezzo, where the average price of accommodation reaches over17,000 eurosper square meter.

Market stability in 2011

While many real estate markets in other countries began to recover in 2011, trying to overcome the effects of the recent economic crisis, the housing market in Liguria remained relatively stable. This fact attracts the attention of investors and those looking for comfortable places to vacation by the sea.

Conclusion

Liguria, with its rich nature and developed infrastructure, continues to be a popular choice for buyers wishing to purchase property in a picturesque and convenient region.

Housing prices in Liguria continue to rise, although the pace of this process has slowed significantly compared to pre-war periods. In 2012, interest in the segment of premium real estate in this region has increased markedly, despite the fact that the cost of most properties actually remained at the same level. In such famous resorts as Portofino, Bordighera and Alassio, there was even a slight increase in prices.

Foreign buyers are eager to choose Liguria and are willing to pay high prices for apartments in this picturesque area. They make up about one fifth of the total number of buyers, although the number of international tourists here is somewhat lower than in Sicilian or Lasian resorts. Russian investors are mainly focused on purchasing real estate that costs more than900,000 euros.

Popular locations to buy a home

The most popular locations for buying secondary housing among foreigners include:

• Alassio
• San Remo
• Bordighera
• Portofino
• Lerici
• Santa Margherita Ligure
• East coast of Cinque Terre

Prices for housing in this region are quite high and even in the economic downturn did not show a significant drop.

Conclusion

In conclusion, resort real estate in Liguria is a unique combination of natural beauty, comfort and investment appeal. This picturesque region of Italy attracts both local and foreign buyers every year, offering excellent conditions for living and recreation.

The presence of diverse resorts such as Portofino, San Remo and Alassio makes the choice wide, and the high level of service and infrastructure is an added advantage.

Despite marked fluctuations in the real estate market in different countries, Liguria remains stable and attractive for investment. Thanks to its cozy climate, picturesque beaches and gastronomic delights, this region creates ideal living conditions.

Foreigners, including those from Russia, are increasingly considering Liguria as a place to buy a second home, which is an indicator of its growing popularity.

The main advantages of buying real estate in Liguria:

• Natural Beauty:picturesque landscapes and clean beaches.
• Climate:mild and warm, thanks to the Maritime Alps.
• Variety of resorts:plenty of cozy places to live and relax.
• Tourist Attractiveness:high level of service and infrastructure.
• Investment Attractiveness:stable prices and long-term demand for real estate.

Of course, high real estate prices can be a barrier for some buyers, but the availability of a variety of offers allows you to find the right option for everyone. Whether it is a luxurious villa by the sea or a cozy house in the hills, everyone can find their corner in this beautiful region.

Thus, Liguria is not just a resort, but a whole world of opportunities for those who appreciate the beauty of nature and high quality of life. Maybe it is here that you should think about buying a home to create unforgettable memories and provide yourself with a comfortable vacation, which will certainly justify all the investment.