The USA and Germany are leading in interest in Italian luxury real estate.

According to the latest research conducted by the real estate portal Idealista, luxury real estate in Italy continues to attract foreign investors despite geopolitical instability. The report states that the USA and Germany are the most active countries in this segment, together accounting for about a third (31.6%) of all foreign visits to the portal.

Investing in luxury real estate remains an important way to protect capital, diversify portfolios, and find shelter during times of uncertainty. It is surprising that even in the context of instability in 2023, the demand for luxury real estate remains stable, emphasized Vincenzo De Tommaso, head of the research department at Idealista.

According to a study, the USA and Germany lead among foreign buyers in Italy, followed by Switzerland and the United Kingdom. Together, they account for more than half of all visits by investment capital owners abroad in 2023.

When looking at the capitals of the regions, Venice and Verbano show the highest interest from foreign buyers. Syracuse, Como, Lucca, Imperia, Trieste, Siena, Florence, and Lecce are also popular. Meanwhile, the markets inRome, Milan, and Naples attract between 12% and 19% of foreign demand.