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Foreign buyers still interested in buying house in Italy
Real Estate market in Italy October 15, 2020 Broker Immobiliare

Foreign buyers still interested in buying house in Italy

Researches on the Tuscan and Ligurian coasts

We analyze the demand and supply of homes in the coastal areas of Italy through the statistics of portals related to the third quarter of 2020, which report mainly foreign buyers from the United States, United Kingdom and Germany in the period from June to September 2020. Living in the coastal areas of Italy has its advantages, including a mild climate, good food and much more; for this reason, many foreign investors continue to be attracted by the idea of buying a house on the Italian coast. 

Visits from the United States, between June and September, are at the top of the rankings. Many North Americans look to the south of the Old Continent to change residence or look for a second home. Demand from the US affects 317 coastal areas of the country surrounded by the Tyrrhenian, Ionian and Adriatic seas.

However, the same foreign demand has been affected since March by the effect of containment measures in all countries and restrictions on mobility, which hinder the entry of investors interested in buying a property. But since May 2020 it has started to recover, and Italy has maintained positive levels of demand.

Although Italy was the European country where the covid had a significant impact first of all in the first wave, causing a drastic drop in international demand in March; Italy now shows a great recovery in international demand, with an average increase of 6 points in the third quarter of 2020 compared to the same period of the previous year. In general, prices have not suffered much from the economic crisis, although we will have to wait for the evolution of the pandemic, in the middle of the second wave, and with encouraging news of an effective vaccine that could reach the beginning or middle of 2021.

These coastal areas, which are predominantly tourism-oriented, have been more severely affected by the covid because of restrictions on mobility, which have prevented the arrival of millions of tourists this summer. But even so, prices have not fallen substantially as many expected at the beginning of March. The moratoriums applied to home mortgages, the different systems of maintaining employment in each country and the low interest rates across Europe have supported this price stabilisation.

In the most famous places of Tuscany the majority of the searches of houses in sale are of German or American origin. From the USA come most of the research for Forte dei Marmi, Orbetello and Monte Argentario, while the Germans prefer Castiglione della Pescaia, Giglio Island and Elba Island. Going north of the Boot, in Liguria, in addition to the usual American and German origins, we find Swiss research at Finale Ligure. German predominance in Alassio and American in Camogli and Santa Margherita Ligure.

Broker Immobiliare Exclusive Real Estate offers, in the most famous locations of the Tuscan coast and the Ligurian coast, exclusive villas and farmhouses as well as wonderful apartments and penthouses sea view for sale in Tuscany and Liguria.

Here below two exclusive properties with sea view for sale in Tuscany

 

Villa Armonia

Villa Armonia is a unique property located on a lush hill of the Etruscan Coast, surrounded by splendid centuries-old plants, it has a wonderful sea view. You can reach the enviable position of Villa Armonia, far from the summer confusion, through a comfortable street.

The villa for sale on the Tuscan coast of Livorno, of about 450 square meters, is a luxurious property, where, through a careful renovation, the elegance of the 70s, with interior styles from Provencal to Thai, have been well combined with the surrounding environment and the Mediterranean maquis in which it is positioned.

 

Attico Kiria

The penthouse for sale in Viareggio, with swimming pool and large terrace overlooking the sea, is a unique solution of its kind, being in fact one of the most valuable properties of the entire Versilia coast.

The penthouse for sale, located in a prestigious building of the early '900, is spread over two levels for a total of about 200 square meters, of which about 115 square meters located in the living area, with terrace and spectacular pool on the fourth floor, in addition to 85 square meters on the third floor that houses the sleeping area.

 

Broker Immobiliare Exclusive Real Estate - Forte dei Marmi

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