The following excerpt appears in the September/October issue of Dot Property Magazine
There is an undeniable charm Italy holds. From the quaint towns of Tuscany to the bustling metropolis of Milan and all the way south to Sicily’s stunning beaches, the country’s allure is understandable. For those purchasing a holiday home or primary residence, Italian real estate is a top choice.
“Due to the global geopolitical situation, Italy has become a safe harbour. With the terrorist attacks in other European countries, investors have shifted their interest to Italy, which remains at the top of the list in terms of quality of living, art and culture, fashion, beautiful scenery and delicious food and wine,” Carolyn Delli Santi, a bilingual real estate broker at Rome-based Nexu Real Estate, explains.
Investors or holiday home seekers worried about the market aren’t as easily wooed by Italy’s emotional pull. Looking at the facts and figures, the Italian economy is fully out of its recession and has posted modest GDP gains in 2015 and 2016. This upward trend is predicted to continue until the end of the decade. On the real estate front, property prices have declined considerably since reaching their peak in 2007 but there are signs the market may have bottomed out.
“There are a variety of benefits of purchasing a home in Italy. Whether you are seeking a vacation home, retirement home or an investment property, there hasn’t been a better time in recent years to buy. Prices have decreased 39.7 percent since the peak in 2007 and in some areas are still in decline,” Delli Santi states. “The forecast for the second half of 2017 is only a slight decrease in prices, until 2018 when they will stabilize. In some areas like Milan there has actually been an increase in prices and the market is really picking up.”
Nexu Real Estate represents properties throughout Italy including big cities such as Rome and Milan as well as the always popular region of Tuscany. And while there is nothing wrong with these well-known locations, those willing to expand their search off the beaten track may be rewarded with an even more spectacular find.
“There are so many beautiful and unexplored areas in Italy, off the tourist track, with gorgeous homes at reasonable prices. For example the Tuscia region is one of Italy’s best-kept travel secrets, easily accessible from Rome and Florence. The countryside is full of hidden castles, papal palaces, historical villas, renaissance gardens and ancient Etruscan ruins. There are also beautiful lakes, thermal baths and charming medieval villages to explore,” Delli Santi says.
About Nexu Real Estate
Nexu Real Estate is an international, luxury real estate agency specialising in Italian real estate. Carolyn Delli Santi is a Certified International Property Specialist with the National Association of Realtors and is trained to assist foreign buyers in complex international transactions.
For more information, please visit: www.nexurealestate.com
