Purchase property

The interest rate hikes set by the ECB are having a tangible impact on the pockets of Italian households, so much so that one percentage point of wages in Italy would be eroded due to the hikes.

'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.

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 villa built by Aldo Gucci, son of Guccio Gucci who founded the famous Italian fashion house in 1921, is for sale in Rome, in Via della Camilluccia, for 15 million euros. The property, marketed by Forbes, is on idealista. The building is on several levels and has 18 rooms and 14 bathrooms.

One in Piedmont, the other in Emilia Romagna. These are two stunning luxury villas that will be auctioned at the end of July by Miami-based Platinum Luxury Auctions and are being offered for sale by the owner, who decided to sell them by skipping the traditional sales route.

A wonderful three-star hotel on the island of Salina, in Leni, is for sale on idealista for €2.3 million.

Is it your dream to buy a house in Italy but don’t currently have enough money? Are you looking for a different way to buy property? We have the perfect solution for you, especially given the current difficult economic climate of rising mortgage interest rates and inflation.

Waking up to wonderful sea views of the Italian coastline each morning sounds like something from a dream. Some of the best coastline in the world can be found in the Bel Paese, from Liguria to Puglia, not forgetting Italy's spectacular islands of Sicily and Sardinia.

If the beach isn't your thing, then fear not, as Italy has so much more to offer than just beautiful coastline.

Between taxes and bureaucracy, it is not easy to buy a property in Italy if you are a foreigner.