Over the past ten years, property values in Italy have risen steadily in much-loved areas such as Tuscany, where capital growth has been around 10%. Meanwhile, in the southern Italy, near Reggio di Calabria, lesser known secrets are beginning to emerge as highly profitable alternative options where high annual growth figures are attracting many a shrewd property investor.
Prices for property in Italy can vary from £30,000 / 58,000 for a small property in need of extensive development to £35,000 / 150,000 for an apartment, and £50,000 / 250,000 for a rural home.
Holiday homes and buy-to-let investments remain hot property options in Italy, while the demand for property in the major resorts of Italy has sent property prices through the roof in some areas. Meanwhile, many property purchasers today seek more rural, scenic and better priced properties. Chosen in suitable locations with easy access and amenities, these properties are gaining increasing popularity and are set to achieve equally high returns on investment in the very near future.
Key facts
No capital gains tax on profits from Italian property, creating maximum returns on investment.
Possibility to cut purchase costs in half by becoming a resident.
Prices remain relatively low, compared to many EU destinations.
Capital growth of 20% per year in some locations. Many new markets in Italy still remain undiscovered and ripe for investment.
Possibility to renovate beautiful old Italian houses into fabulous residences that earn high rent in peak season.
Italy is at the hub of the low cost flights revolution, forever enhancing its strong tourist industry.
The Italian government offers investors grants to reform rural.
Italy has pioneered property tax reforms, offering great opportunities for the rural renovator, including substantial VAT discounts.
EU member country.
Economic and political security.
Only 2 ¼ hours direct flying time from UK.
Abundance of culture, history and magnificent architecture.
Stunning variation in natural beauty, from lakes, mountains and lush vegetation to rugged or sandy beaches.
Warm Mediterranean climate.
Recreational activities to cater for all needs, from skiing, hiking or beach holidays to sightseeing and cultural activities.
Dream lifestyle, modern systems and friendly people make Italy an easy relocation destination