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Some Italian real estate research institutes have drawn up reports on the performance of the real estate market for second homes in Italy. Here are the trends, news and opportunities to be seized for this next season.
According to what was released by various Italian newspapers, the data on summer tourism in Italy are very encouraging and, for this reason, the number of people who buy a second home is growing year by year. It is also an advantageous investment for the rest of the year. Just have a look at the proposals for houses for sale in Tuscany Italy to get an idea.
Luxury properties in an amazing context
We are talking about luxury properties, built with every attention to detail and finished with extreme elegance and style. The same goes for the habitable areas, characterised by a plurality of nearby services and natural frames that are unique in the world.
After all, Italy is the country of well-being, art and good food so it is one of the best choices for buying a second home where you can spend your holidays once or twice a year.
As for the data, however, the reports show that six out of ten people stay in rented or second-hand homes compared to traditional hotel accommodations. This choice is motivated by the fact that the second home allows for greater flexibility in terms of stay, while the hotel has higher costs and is certainly not designed for long-term stays. This is a very important signal, especially for those who want to buy a second home to be used both for holidays and for investment use.
The second homes market in Italy: flexible prices and opportunities
Some Italian real estate research institutes have drawn up reports on the performance of the real estate market for second homes in Italy. Here are the trends, news and opportunities to be seized for this next season.
According to what was released by various Italian newspapers, the data on summer tourism in Italy are very encouraging and, for this reason, the number of people who buy a second home is growing year by year. It is also an advantageous investment for the rest of the year. Just have a look at the proposals for houses for sale in Tuscany Italy to get an idea.
Luxury properties in an amazing context
We are talking about luxury properties, built with every attention to detail and finished with extreme elegance and style. The same goes for the habitable areas, characterized by a plurality of nearby services and natural frames that are unique in the world.
After all, Italy is the country of well-being, art and good food so it is one of the best choices for buying a second home where you can spend your holidays once or twice a year.
As for the data, however, the reports show that six out of ten people stay in rented or second-hand homes compared to traditional hotel accommodations. This choice is motivated by the fact that the second home allows for greater flexibility in terms of stay, while the hotel has higher costs and is certainly not designed for long-term stays. This is a very important signal, especially for those who want to buy a second home to be used both for holidays and for investment use.
Tuscany in first place among foreign preferences
Specifically, the areas of greatest appeal for the purchase of holiday homes are those near the coasts, therefore the islands and southern regions stand out for the number of searches and purchase proposals. On the other hand, those who want second homes in the countryside are extremely fascinated by Tuscany, one of the best regions for the quality of life. The art cities and mountain areas are still in the standings but with percentages of less interest.
Supply and demand are now in a stalemate due to the economic blockade that has involved not only Italy but also the whole world. For this reason, the prices of second homes are lowered as well as the time spent on the market even of those considered more “attractive”. On the other hand, many Italians have declared that they want to make this kind of investment in the future due to the changed social conditions that push people to seek greater security against a future that is certainly more uncertain than ever.
In conclusion, the prices of second and elastic properties are treatable with national averages negotiable up to 15%. More than 50% of people who buy a second home in Italy are of Italian nationality while the remainder comes from other countries, among which prominent European investors and, subsequently, buyers from the east and the US.
Specifically, the areas of greatest appeal for the purchase of holiday homes are those near the coasts, therefore the islands and southern regions stand out for the number of searches and purchase proposals. On the other hand, those who want second homes in the countryside are extremely fascinated by Tuscany, one of the best regions for the quality of life. The art cities and mountain areas are still in the standings but with percentages of less interest.
Supply and demand are now in a stalemate due to the economic blockade that has involved not only Italy but also the whole world. For this reason, the prices of second homes are lowered as well as the time spent on the market even of those considered more “attractive”. On the other hand, many Italians have declared that they want to make this kind of investment in the future due to the changed social conditions that push people to seek greater security against a future that is certainly more uncertain than ever.
In conclusion, the prices of second and elastic properties are treatable with national averages negotiable up to 15%. More than 50% of people who buy a second home in Italy are of Italian nationality while the remainder comes from other countries, among which prominent European investors and, subsequently, buyers from the east and the US.