Perhaps you are looking to restore a charming Italian farmhouse villa and re-sell it. Or maybe you are contemplating buying an oceanview apartment that you can enjoy during the summer months. Or you could be interested in an ultra-chich loft in an Italian city.
Whatever your interests, you have made the decision to buy a house in Italy, ready to enjoy the quality of life in Italy. As a foreign expatriate you have looked at all the complex bureaucratic Italian regulations relating to property purchase. Now comes the most important step as an investor: choosing a profitable investment in Italy. Where to look?
Cheap, affordable Italian villas are discounted and available all over the country, as are foreclosures and pre-foreclosures. Thankfully the credit crunch hasn't affected the Italian housing as badly as Spain, for instance, and the market should pick up over the next little while.
Northern Italy Piedmont, Valle D'Aosta, Lombardy, Veneto, Friuli-Venezia Giulia, Emilia Romagna
The north is cosmopolitan, more international, culturally open, hip, chic and close and well-connected to the rest of Europe. Homes around the Italian lakes (especially Como, Garda, Maggiore) are quite picturesque lovely and lucrative. Property is restricted around the lakes, so property values there are on the rise. Liguria offers stunning cliffs, but beaches there are rocky, not sandy. Property is naturally more expensive in northern Italy, as is the standard of living. If you like mountains, Aosta is sparsely populated and cheap. the region is a mix of French, Italian and German influences.
Central Italy Tuscany, Umbria, Le Marche, Lazio, Abbruzzo, Molise
Italy's centre combines north and south and is the destination of choice by many expatriates. The culture and attractions of central Italy make central Italy a busy destination, full of tourists. The cost of living is as nearly as expensive as the north, but the landscape and countryside are picturesque and calmer. Tuscany is considered by many to be the most beautiful and culturally rich region of Italy. Because of the influx of tourists, the resale value here on homes is high, and the warm, balmy temperatures and beautiful atmosphere combined with the infrastructure connect north and south. The best of both worlds.
Southern Italy Campania, Puglia, Basilicata, Calabria, Sicily, Sardegna
The south's (particularity Calabria and Puglia) is still Italy's undiscovered jewel remains overlooked by many tourists. Italians make a mad dash for the sea (namely Sicily and Sardegna) in the south of Italy during the summer months. More isolated than the centre or north, homes in sunny southern Italy are significantly cheaper and more affordable. A significant disparity exists between negotiated and listed prices, so there is room for leeway and negotiating good deals. While the south is still lagging behind the north in terms of economic development, seaside housing development is restricted, so property values along the coasts are expected to rise. The south's richness is in its natural environment, not in its nightlife. The south is a good choice for an inexpensive Italian summer villa but is further removed from the rest of Europe.
Property listings may be difficult to find when you are residing overseas. If you are still looking for property bargains in Italy and inexpensive homes, along with buying do's and don'ts check out Buying Property in Italy to find out where to find cheap Italian homes for pennies on the dollar.