Italy-Knight-Frank

Luxury Living on the Rise in Italy

10.02.18

There’s no doubt that for many buyers, owning a property in the culture-hub that is Italy represents the ultimate lifestyle purchase.

With a wide variety of property types and locations, the country has something for everyone, whether your preference is a city apartment, a sea view villa, or a rustic farmhouse surrounded by vineyards and olive groves.

Italy is blessed with an embarrassment of riches when it comes to history, art, culture and gastronomy. Boasting 51 UNESCO world heritage sites and more masterpieces per square mile than any other European country, the destination has something for everyone.

From sun-kissed beaches to architectural icons, rolling countryside to world famous fashion and shopping, Italy offers a lifestyle like nowhere else in Europe. This reputation for the finer things in life has remained strong despite issues facing the global economy – including Brexit.

Currency fluctuations have had an impact on the nation, but the market remains encouragingly active. This is, in part, driven by a ready supply of available properties and prices, which have fallen by around 40% in the last 10 years.

Prices are now levelling off and even climbing marginally in some locations. While investors are advised not to expect immediate returns on their investment, experts from Knight Frank confirm that now is a good moment to be considering a property purchase in Italy.

Most in demand at the moment are city apartments and fully-restored countryside properties within close proximity of towns and villages and their amenities. City locations have enjoyed the greatest price stability in prices, benefitting often from a revived local interest as well.

Abode Affiliates

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