If you are desirous of making investment in residential properties in Italy, do it now.
The real estate market in Italy is now almost stable offering a golden opportunity for investors to make money by investing in long term assets.
Italy offers a wide variety of properties; you can opt to buy residential complexes, flats, apartments or villas at any place in Italy.
Whether you like the din and bustle of Rome and Milan, or you want to invest in comparatively tranquil areas like Aosta Valley or Liguria; you can invest in any of your preferred locations.
According to the latest market intelligence report, Trentino South-Tyrol is considered as the most-valued spot for real estate investment. The current market rate is 2,500 Euros per sq/m in Trentino South-Tyrol. It is famous for its natural landscapes, unpolluted atmosphere, and relatively peaceful locality.
Lombardy And Milan: The Investor’s Paradise
Lombardy has everything that attracts investors. It has beautiful lakes, hills, lush greenery, historical monuments, spots, and of course, a friendly climate.
Lombardy also includes Milan, which combinedly constitutes over 17% of Italy’s total population.
In 2019, Lombardy generated over 125-thousand residential deals and real estate amounting to a whopping 23-billion plus Euros.
Similarly, Milan is another popular destination for real estate investors. It is a big city and is a famous tourist spot as well. People across the world visit Milan to appreciate its1 scenic beauty, natural landscapes, and architectural marvels.
Since 2012, residential properties in Milan have seen a steep rise in demand.
Some parts of the city are exclusively reserved for ultra rich investors because the price of residential villas and complexes in these areas are too costly.
How to Buy a Residential Property in Italy
You can now easily invest in properties and villas in Italy. Get in touch with a residential broker such as Exclusiveproperty, Lionard or Greatestate, complete necessary paperwork, follow the documentation process, and make payment. That’s it.
The entire process of property buying now goes through online. So it’s quite simple to buy a real estate property of your choice at your preferred locality in the least possible time.
In the current post-pandemic phase, residential properties in Italy are now available for sale at compelling prices. It offers a golden opportunity for investors to make investment in immovable assets with low interest rates on mortgages and home loans.
Is It the Right Time to Invest in Italy?
If you are looking forward to buying a real estate property, don’t delay anymore. As normalcy is gradually restored across the globe after the devastating coronavirus pandemic, the property prices will also take an upward trajectory. You may never know when prices of residential properties will start climbing.
Italy’s banks are now going through some short-term financial problems. As of now, Italian banks are facing total bad debts to the tune of €50 billion plus as per the latest report released by DBRS Morningstar, a credit rating agency.
Banks are auctioning residential properties and other assets of faulty debtors to recover the loan amount from them. A wise and prudent investor shouldn’t miss out on these opportunities. It’s the right time to buy a flat or villa at Bank’s auction and get good discounts on the same.
As the economy is gradually picking up, property owners have launched several attractive schemes for investors in Italy. A real estate investor should talk to these property owners and get a good deal on it. It will be a win-win scenario for both investors and property owners.