Interest rates will weigh on house prices in Europe for a long time. This was stated in the S&P report 'European Housing Markets: Sustained Correction Ahead'. According to Standard & Poor's analysts, housing values will hit rock bottom by the end of 2024.
Rising inflation and the resulting increases in interest rates have dominated the charts in the first half of 2023. The prime residential markets have borne the brunt of the problem, but it is the sales volumes, not the prices, that are the main winners.
'That branch of Lake Como, which turns to the south, between two unbroken chains of mountains...': this is the famous beginning of The Betrothed, set in the Lombard town.
In the second half of 2023, rents in Italy increased by an average of 10 per cent and, on average, rental property advertisements in 9 per cent of cases remain online for just 24 hours.
The choice to live in an Italian coastal city might be motivated by several factors. The mild climate, the beautiful beaches and the quality of life are just some of the advantages these areas have to offer.
Some of these locations are particularly cost-effective.
The pandemic in Italy led to an increase in smart working, resulting in more people choosing digital nomad lifestyle. But in which city is it most comfortable to live like this?
Arezzo offers a wide range of opportunities, both for those wishing to relocate for work and for those seeking a quiet place to spend their retirement. The city offers a perfect balance between the ancient and the modern, with a strong sense of community and a high quality of life.