In Italy, there are many types of typical properties, from the baite to the cascine, passing through the traditional houses of Apulia like the trulli or the masserie.
Every year, people invest millions of euros in improving their properties to increase the market value and then sell or rent them, trying to get as much profit as possible from the improvements made.
The question of how long houses and flats are on the market before they get sold can be answered by the Real Estate Market Report 2017 from the Italian Federation of Real Estate Agencies (Federazione Italiana Agenti Immobiliari Professionali or Fiaip), prepared jointly with Enea and I-Com.
By analy
From the south to the north of the Italian peninsula, houses that would otherwise be abandoned or destroyed are being sold by private individuals or by municipalities for the symbolic price of one euro.
Buying a house is one of the most important decisions and probably the main investment in most people’s lives, and yet the same mistakes are often made again and again.
In recent years, real estate investment has once again become attractive to many investors attracted by lower prices and higher annual returns. But which are the best cities in Italy for property investors?
From the beginning of the crisis of 2008-2009 until today, the real estate market has gone through a series of cycles that can be understood pretty well by looking at the trend in housing prices.
The prices of second-hand houses continued to decline in Italy during the month of February 2018, with a decrease of 0.3%, which puts the average price at 1,806 euro/m2 (100 euro/sq ft).
The real estate data registered gives signs that the Italian property market is recovering, giving hope for this year as the Tecnocasa Group’s Department of Research affirms.
When buying a home, the choice of whether to buy new or used is an important one. Naturally, both have advantages and disadvantages, but here are some things you ought to take into account:
Location: Depending on your desired location, one property type or another will be better.
Prices of second-hand homes in Italy fell 0.6% in January, with an average of 1,810 euro/m2 or 168 euro/sq ft. According to idealista’s market details, the trends are still pretty negative.
Before…
The Property Bubble: From 2000 to 2008, property prices rose 85% until in that last year they began to fall thanks to the global economic crisis. Prices continued falling for a full 8 years, dropping about 17% until 2016.
It’s absolutely vital when you’re doing a visit to any potential property to keep these things in mind:
1. Utilities and general condition: Check the water pressure and electricity by turning the taps on and off and flicking the light switches.
Italy offers many different types of properties compared with Britain. Before you start looking, you should be very clear on the following: Why are you buying? (holiday home, investment, somewhere to retire…) How will you spend your time there?
So you’ve decided to buy a house in Italy. Now what? What with everything being in Italian and the property market being so different, it can be quite daunting for first-time ex-pat buyers. Fear not!