As buying a home becomes more difficult, rental needs are becoming more varied, from residential to tourist and student use. Parliament and the government are introducing rules for short-term rentals but there are no changes to medium-term leases.
Complicated times for those looking for a house to rent. Inflation on the one hand, and falling housing stock in the rental market on the other, are making the search for an affordable rental property a real challenge.
The average rental cost in Italy rose by 1.4% in August to 13.7 €/m2, according to the monthly report on rents compiled by the research department of idealista, Italy's leading real estate portal.
Once the holidays are over, the topic of high rents is more topical than ever. University students and out-of-town workers are already hunting for houses to rent at a favourable price.
Short-term rentals are one of the most popular alternatives to hotel accommodation, specially given the debate triggered by the new rules of the Ministry of Tourism to regulate the sector.
Owning a luxury residence in Milan can be a real stroke of luck and it is a treasure to be put to good use, whether one opts to sell or to make an income. According to Nativo, a company specialising in luxury short rentals, the latter is the preferred option for owners of luxury homes in Milan.