Property for sale in Italy

idealista, the leading real estate portal for technological development in Italy, has strengthened its position with the purchase of two of the best real estate software companies, Miogest and Gestim, for an undisclosed amount.

During the COVID-19 pandemic, foreigners continued searching for property in Italy.

In our 2020 coronavirus world, many people have been changing their habits and new living needs are becoming a priority.

The crisis generated by COVID-19 is affecting the real estate sector. More often that not, we analyse the trend of real estate prices, but there is another area that is carving out an increasingly important part in the market.

Is it better to buy a house or rent? Both have their advantages and pitfalls and this eternal question is now even more relevant in Italy due to the coronavirus health pandemic, a changing real estate market and new trends in the market.

After the COVID-19 pandemic in Italy housing trends are changing, Italian city residents, such as the Milanese, are shifting their focus to look for larger housing solutions, not necessarily in the city centre, looking with interest at the surrounding areas.

The impact of the coronavirus on the European real estate markets will be that of falling house prices. However, according to S&P (Standard & Poor's) Global Ratings, by 2022 everything should return to pre-pandemic levels thanks to economic policies.

How will property prices develop in 2020 after the coronavirus crisis? These are the predictions from the Bank of Italy in their "Rapporto sulla stabilità finanziaria" (Financial Stability Report) related to the real estate sector in the wake of the pandemic.

With Italy's plans to start to ease lockdown measures in "phase 2" of the coronavirus crisis, it was no surprise that real estate agencies were included among the activities scheduled to open on 4th May.

According to Istat (Italian National Institute of Statistics) data, the average annual family income in Italy is 31,393 euros.

According to the global real estate services provider Savills, global real estate operators' sentiment about the impact of COVID-19 on the sector is predominantly negative.

Italy is currently experiencing extremely unusual circumstances with an extended period of confinement due to the coronavirus outbreak in the country.