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

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

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

The Italian luxury real estate market is seeing an upswing in interest from the US and Germany, according to a study by Idealista. Western European countries are the main buyers of luxury properties in Italy, which shows their significant interest in the sector. According to Idealista, the United States and Germany will account for a third of all internet searches in 2023 for real estate worth more than 1 million euros. The US tops the list with a 15.9% share, followed by Germany with 15.7%.

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Western European countries such as Switzerland are also showing interest in luxury real estate in Italy. Investors prefer certain regions of Italy, such as Rome, Milan and Naples, which is evident in the total volume of visits by foreigners.

This growing interest in luxury real estate in Italy could have a positive impact on the country's economy and the real estate sector as a whole. According to experts, the resilience of foreign investments in real estate amid geopolitical turbulence indicates the continued appeal of Italian luxury properties. The preferences of foreign investors regarding specific locations in Italy may guide future development and investment strategies in the real estate market.

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Irina Nikolaeva

Sales Director, HataMatata