Latest articles
Categories
File archive
Tags
apartment for sale in Viareggio Tuscany apartment for sale Lucca Tuscany apartment for sale Pietrasanta Tuscany apartment Liguria Italy apartment with sea view terrace Apartment with sea view terrace for sale in Lerici Liguria Apartment with terrace for sale in Viareggio Tuscany apartment with terrace Lucca Tuscany apartments along ligurian coastline Apartments and penthouses for sale Viareggio Tuscany Apartments and penthouses with sea view for sale in Liguria Apartments and prestigious penthouse for sale Viareggio Tuscany apartments for sale in Liguria apartments for sale Tuscan Riviera Versilia Apartments for sale Viareggio Tuscany apartments in Lerici Liguria apartments in lido di camaiore Tuscany apartments in Lucca town centre Tuscany apartments in Lucca Tuscany apartments in Pietrasanta Tuscany apartments in Portovenere Liguria apartments in Tuscan countryside apartments in Viareggio Tuscany apartments with car park Viareggio Tuscany apartments with parking space Lucca Tuscany Apartments with sea view terrace for sale in Viareggio Tuscany B&B for sale in Tuscany beachfront apartments Tuscan Riviera Bed & Breakfast for sale in Tuscany Casali e Rustici sea view for sale in Tuscany castles Tuscany country home for sale lunigiana Tuscany country home Ligurian Riviera country home sale in Tuscany Massarosa Country house and farmhouses for sale on the hills of Pisa Tuscany country house in Tuscany country house Lunigiana Tuscany country house Tuscan hills country house Versilia Tuscany country house with olive grove country house with sea views country house with swimming pool Tuscany Country houses and farmhouse sea view for sale in Tuscany Camaiore Country houses and farmhouses for sale in Lucca Tuscany Country houses and farmhouses for sale in Pietrasanta Tuscany Country houses and farmhouses for sale Massarosa Lucca Country houses and farmhouses sea view for sale Pietrasanta Tuscany country houses for sale country houses for sale in Lunigiana Tuscany Country houses for sale in Pietrasanta Tuscany country houses for sale in Tuscany detached house Forte dei Marmi Tuscany exclusive apartment with sea views exclusive oceanfront villa Livorno Tuscany exclusive properties Lucca Tuscany Exclusive villa for rent in Forte dei Marmi Tuscany Exclusive villa for rent in Marina di Pietrasanta Tuscany Exclusive villa for rent in the center of Forte dei Marmi Tuscany Exclusive villa for rent on the hills of Versilia Tuscany Exclusive villa for sale in Forte dei Marmi Exclusive villa for sale in Versilia Tuscany Exclusive villa in Roma Imperiale for rent in Forte dei Marmi Tuscany exclusive villa Pietrasanta Tuscany exclusive villa viareggio Tuscany exclusive villa with sea views Exclusive villa with swimming pool for sale in Tuscany Exclusive villa with swimming pool for sale in Versilia Tuscany Exclusive villas for sale in Versilia Tuscany exclusive villas la spezia Liguria exclusive villas Tuscan Riviera exclusive villas Tuscany Farm for sale Pisa hills Tuscany farmhouse for sale in Camaiore Tuscany farmhouse for sale Lucca Tuscany farmhouse for sale Pisa hills Tuscany farmhouse for sale Tuscan coastline farmhouse for sale Tuscan Riviera farmhouse for sale Tuscany farmhouse in Pietrasanta Tuscany farmhouse Lucca hills Tuscany farmhouse Pisa hills Tuscany farmhouse Pisa Tuscany farmhouse to restore farmhouse with olive grove Farmhouse with pool for sale Lucca Tuscany Farmhouse with pool for sale Pietrasanta Tuscany farmhouse with sea views farmhouse with swimming pool Farmhouse with swimming pool for sale Pisa hills Tuscany farmhouse with swimming pool in Lucca Tuscany Farmhouses and country houses for sale in Pietrasanta Tuscany Farmhouses and country houses for sale in Tuscany Farmhouses and country houses for sale in Tuscany Camaiore Farmhouses and country houses with pool for sale in Tuscany farmhouses for sale Lunigiana Tuscany farmhouses hills Tuscany Historic villa for sale in Lucca Tuscany Historic villa with swimming pool for sale in Pisa hills historic villas for sale historic villas Lucca Tuscany houses with swimming pool Italian boat show loft in Lucca town centre Tuscany Luxurious villa for rent in Forte dei Marmi Tuscany Luxurious villa in Roma Imperiale for rent in Forte dei Marmi Tuscany luxury apartment for sale in Lerici Liguria luxury apartment in Lerici Liguria luxury apartment in Liguria luxury apartment in Portovenere Liguria luxury apartment in Viareggio Tuscany Luxury apartments for sale in Viareggio Tuscany Luxury apartments for sale Viareggio Tuscany luxury castles Italy Luxury country homes for sale in Massarosa Tuscany Luxury country house or sale on the hills of Pisa Tuscany Luxury farmhouses and country houses for sale in the hills of Pisa luxury properties luxury properties Lucca Tuscany luxury properties for sale Cinque terre Liguria Luxury properties for sale in Forte dei Marmi Luxury properties for sale in Lerici Liguria Luxury properties for sale in Lucca Tuscany luxury properties for sale in Portovenere Liguria Luxury properties for sale Pisa on the hills Tuscany Luxury properties for sale Viareggio Tuscany Luxury property for sale Bocca di Magra Liguria luxury property for sale Lerici Liguria luxury property Lerici Liguria luxury property lido di camaiore Tuscan Riviera luxury property Pistoia Tuscany luxury property Siena Tuscany luxury property Viareggio Tuscany Luxury real estate for sale Bocca di Magra Liguria Luxury Real Estate for sale Costa degli Etruschi Tuscany Luxury real estate for sale in La Spezia Liguria Luxury real estate for sale in Liguria Luxury real estate for sale in Portovenere Liguria Luxury real estate for sale in Tuscany Luxury real estate for sale in Tuscany Massarosa Luxury real estate for sale Marina di Pietrasanta Tuscany Luxury Real Estate for sale Pietrasanta Tuscany Luxury sea view apartments for sale in Lerici Liguria Luxury villa for sale in Lucca Tuscany Luxury villa for sale in Marina di Pietrasanta Tuscany Luxury villa for sale in Pietrasanta Tuscany Luxury villa in Roma Imperiale for rent in Forte dei Marmi Tuscany Luxury villa with pool in Roma Imperiale for rent in Forte dei Marmi Tuscany luxury villas Luxury villas for sale in Forte dei Marmi Tuscany Luxury villas for sale in La Spezia Liguria Luxury villas for sale in Lerici Liguria Luxury villas for sale in Tuscany Massarosa luxury villas Forte dei Marmi Tuscany luxury villas Lerici Liguria luxury villas Liguria luxury villas Ligurian Riviera luxury villas Lunigiana Tuscany luxury villas pietrasanta Tuscany luxury villas Tuscan Riviera luxury villas Tuscan seaside luxury villas Tuscany oceanfront apartment penthouse for sale Portovenere Liguria penthouse for sale Tuscan Riviera penthouse Lerici Liguria penthouse Lucca Tuscany penthouse Portovenere Liguria Penthouse sea view for sale Viareggio Tuscany penthouse Viareggio Tuscany penthouse with garden penthouse with sea view terrace Penthouse with sea view terrace for sale Viareggio Tuscany penthouse with terrace Lucca Tuscany Prestigious farmhouse for sale in Palaia Pisa Tuscany Prestigious homes for sale in Camaiore Tuscany Prestigious penthouse for sale in Viareggio Tuscany prestigious properties Prestigious properties for sale Forte dei Marmi Tuscany Prestigious properties for sale in Lucca Tuscany Prestigious properties for sale on the hills of Pisa Tuscany Prestigious properties for sale Viareggio Tuscany prestigious property Pisa hills Tuscany prestigious property Versilia Tuscan Riviera Prestigious villa in Roma Imperiale for rent in Forte dei Marmi Tuscany Prestigious villa with pool in Roma Imperiale for rent in Forte dei Marmi Tuscany Prestigious Villas for sale Forte dei Marmi Tuscany Prestigious villas for sale in Lucca Tuscany Prestigious villas for sale on the hills of Pisa Tuscany prestigious villas forte dei marmi Tuscany prestigious villas in Liguria prestigious villas lerici Liguria prestigious villas lucca Tuscany prestigious villas Tuscany properties in lucca Tuscany Real Estate agency Forte dei Marmi Tuscany Real Estate agency Viareggio Tuscany Rental Sea view apartment for sale in Viareggio Tuscany Sea view apartments and penthouses for sale in Tuscany Sea view apartments for sale in Lerici Liguria Sea view farmhouse for sale Pietrasanta Tuscany Sea view villa for sale in Liguria Sea view villa for sale in Tuscany Camaiore Sea view villas for sale in Tuscany Seasonal rental Summer rental Tuscan country home Tuscan country house Tuscan villas with olive grove via Francigena Tuscany Viareggio boat show Tuscany Villa for rent Villa for rent in Versilia Tuscany Villa for rent on the hills of Versilia Tuscany villa for sale in forte dei marmi Tuscany villa for sale in lerici Liguria villa for sale in Liguria villa for sale in lucca Tuscany villa for sale in marina di massa Tuscany villa for sale in Marina di Pietrasanta Tuscany villa for sale in massa Tuscany villa for sale in pietrasanta Tuscany villa for sale in portovenere Liguria villa for sale in the Apuan coast in Tuscany Villa for sale with swimming pool Pietrasanta Tuscany Villa in Roma Imperiale for rent in Forte dei Marmi Tuscany villa lido di camaiore Tuscany Villa Roma Imperiale for sale Forte dei Marmi Tuscany Villa with pool and sea view for sale Bocca di Magra Liguria villa with sea views for sale in portovenere Liguria villa with sea views for sale in the Etruscan coast in Tuscany villa with swimming pool and sea views Villa with swimming pool for sale in Camaiore Tuscany Villa with swimming pool for sale in Forte dei Marmi Tuscany Villa with swimming pool for sale in Marina di Pietrasanta Tuscany Villa with swimming pool for sale in Massarosa Tuscany villa with swimming pool Forte dei Marmi Tuscany villa with swimming pool Lucca Tuscany villa with swimming pool pietrasanta Tuscany villas along ligurian coastline villas camaiore Tuscany villas Castiglioncello seaside Tuscany Villas for sale in Camaiore Tuscany Villas for sale in Massarosa Tuscany villas for sale Pisa hills Tuscany villas for sale Tuscan hills villas for sale Tuscany villas for sale versilia seaside Tuscany villas Forte dei Marmi Tuscany villas la spezia coastal town Liguria villas Lerici coastal town Liguria villas Lucca hills Tuscany villas Lucca Tuscany villas marina di pietrasanta seaside Tuscany villas pietrasanta Tuscany villas Tuscan countryside villas viareggio Tuscany Villas with access to the sea for sale in Lerici Liguria Villas with access to the sea for sale in Liguria villas with direct sea access Villas with pool for sale in Tuscany villas with private sea access Villas with sea view for sale Bocca di Magra Liguria villas with sea views villas with swimming pool Lerici Liguria
How the pandemic affects the real estate market in Italy
Generale September 15, 2020 Broker Immobiliare

How the pandemic affects the real estate market in Italy

After the quarantine, the real estate sector in Italy remains one of the most stable areas of the economy

The pandemic caused a crisis in the country’s economy: in 2020 there has been a record decline in GDP in the last 25 years. The flow of tourists and their income has stopped, domestic demand has decreased, exports and imports have decreased. In all this disaster, the Italian real estate market looks like a serene island: it remains one of the most stable in Europe.

  • What has changed in the real estate market in Italy after the quarantine
  • Impact of COVID-19 on properties for sale in Italy
  • The future of the Italian real estate market

 

What has changed in the real estate market in Italy after the quarantine

Many residents have lost their jobs and other income, this could only affect the sector. Some families who wanted to buy real estate were forced to postpone it to a better time, while those interested in selling their property are more willing to make concessions to buyers.

The experts predicted a fall in prices of up to 20% due to the decline in the purchasing power of Italians. However, the price of real estate declined not so significantly and not in all regions. The cost of Italian houses and apartments varies greatly from region to region. Within the region, the price varies depending on the province and the municipality. It is influenced by the distance from the sea, the age of the building and the presence of developed infrastructure.

Properties in the regions of Tuscany and Liguria are in great demand and particularly appreciated by foreign buyers. The prices decrease during the pandemic did not have an impact on expensive and high-level buildings.

 

Impact of COVID-19 on properties for sale in Italy

To answer the question "How did coronavirus affect the choice of accommodation in Italy?" having regard to the price dynamics in the market.

The analysis of the real estate section shows that in March 2020, in full pandemic, the value was growing:

Property

Change March 2020

Change beginning year 2020

Apartments

+8.66 %

+7.03 %

Villas

+31.48 %

+28.2 %

In April 2020 prices decreased slightly: 

Property

Change April 2020

Change beginning year 2020

Apartments

+0.01 %

+7.04 %

Villas

-6.15 %

+20.32 %

This situation continued until July 2020, then growth was gradual:

Property

Change July 2020

Change beginning year 2020

Apartments

+4.7 %

+14.62 %

Villas

+11.91 %

+32.38 %

According to the latest figures, in August the price of the apartments fell, while the cost of the villas remained unchanged.

Property

Change August 2020

Change beginning year 2020

Apartments

-8.33 %

+5.08 %

Villas

-0.07 %

+32.28 %

Prestigious properties, such as villas, penthouses and apartments, remain attractive to European, Russian and American foreigners. This means that high-level properties in Italy are still profitable investments. If the properties did not drop in price during such a global disaster, their value will continue to rise.

This prosperity of the Italian luxury real estate market is due to its uniqueness. There is not a second Tower of Pisa, neither a second coast comparable to Liguria. Nowhere in the world you can find villas built in 1600 with sea views. Climate, nature, culture, history, infrastructure: all this benefits the many Italian luxury properties.

Russian customers account from 40% up to 70% of all buyers in the Italian real estate market. Buyers from Russian gives priority to the wide structure and areas of the property, such as spacious rooms, a front entrance, a convenient parking and a large garden with swimming pool.

In conclusion, we can say that now is the right time to buy major luxury properties in Italy. Moreover, a large discount of 20-30% can only be obtained in case of urgent sale of expensive properties. At the same time, when you buy a property in Italy, you can rest assured about the security of the investment, as the property will not lose value over time.

 

The future of the Italian real estate market

With the pandemic going on, it’s hard to forecast the future. One thing is certain: there is no mention of a 40-50% price reduction; the exclusivity of the Italian market does not allow a price reduction of more than 10-15%, in very rare cases up to 20%.

It can also be assumed that those who reside in apartments, during quarantine have reflected to change their property to another larger and spacious, such as villas with large outdoor spaces. It will probably increase the demands for real estate units.

The italian real estate agents note that many clients choose a virtual tour within the properties to get a better idea of what it is. Therefore, the pandemic by COVID-19 did not prevent foreigners from buying properties in Italy.

Broker Immobiliare Exclusive Real Estate is a real estate agency in Italy which works with clients from all over Europe, Russia, America and many other international countries. We are ready to select properties that fully meet your request and needs, as well as to arrange support for the purchase transaction at all stages. Contact us by email, phone or social network and we will recommend the best property for you!

 

Broker Immobiliare Exclusive Real Estate - Forte dei Marmi

CONTACTS
Please leave your request and you will be contacted within 24 hours
Request a call
Whatsapp