The Italian property market in Piedmont is once again on the radar of international investors, boosting transactions and consolidating the sector’s positive trend. Leading this revival is the regional capital, Turin, where property prices have reached €2,000 per square metre, according to the Real Estate Data Hub compiled by Remax.
Turin's dynamic market interests international investors
Turin is standing out for its genuinely recovering residential market, with demand driven by the buoyancy of the rental sector, fuelled in particular by tourism and student needs. This dynamism is helping to make the city increasingly attractive to international investors. Confirming this is Turin’s entry into the European top ten of the most attractive cities for property investment, according to the “European Cities and Regions of the Future 2025” ranking published by the Financial Times.
For the first time, the city has appeared among the major European metropolises with the best investment attraction strategies. This result is complemented by Piedmont’s sixth place among the European regions with the greatest capacity to attract foreign capital.
Growth in the hospitality sector
Turin is showing strong signs of vitality, particularly within the hospitality sector. Its busy calendar of cultural and sporting events – from the International Book Fair to the ATP Finals, along with the bicentenary celebrations of the Egyptian Museum – has helped to fuel demand for short-term rentals and has driven interest in new accommodation facilities.
In the city centre and near cultural hubs, there has been a rise in the opening of boutique hotels, B&Bs, and guesthouses, while international hotel operators are planning to open new mid-to-high-range establishments. The Real Estate Data Hub Report also highlights several projects involving the sustainable and innovative redevelopment and repurposing of historic properties.
The most popular property types
Buyer interest is focused on medium-to-large properties, with three-bedroom flats representing 33% of transactions in Piedmont, followed by two-bedroom properties (21%) and four-bedroom properties (18%). There is also growing demand for properties with five or more rooms. The student accommodation segment is particularly buoyant, with demand significantly outstripping supply – a situation that presents interesting investment opportunities for those looking to purchase properties to let on long-term rental contracts.