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In a previous post on this blog, we discussed the current prevalence of state-owned property for sale in Italy, which represents a significant portion of the affordable investment opportunities in today’s Italian real estate market. Many of these are commercial properties that are ripe for development as retail outlets, rental properties, or a range of other business ventures. But when thinking about buying property in Italy, it’s well worth acknowledging the opportunities that are driven not by practicality and profit, but by prestige and pleasure. From time to time, there are prominent listings that clearly represent that aspect of the Italian real estate market. For instance, Business Insider recently ran an article describing the 8.3 million dollar castle that has gone on the market in Todi. Whoever buys it will also own a number of buildings in the surrounding village, along with agricultural land and a functioning bed-and-breakfast. Those supplemental features go to show that this too could be a successful financial venture, on par with the commercial properties for sale in Rome and Venice. But let’s be honest, if your interest in buying property in Italy is focused upon castles and sprawling estates, your primary desire is likely to Read more…

As Yahoo! Finance has pointed out, the MIPIM world real estate fair began on last month in Cannes, and is scheduled to continue through that same week. The Italian government is well-represented at the event, where it will showcase the latest high-level efforts to promote foreign investment in the country, and especially in real estate for sale in Italy. The press surrounding the event indicates that Italian exhibitors will present over a thousand opportunities for buying property in Italy, drawn from government-held catalogs of both commercial and residential properties. No doubt, their efforts will be dedicated to attracting the attention of developers who are interested in buying Italian real estate in order to improve its rental or resale value. But with the range of properties being represented, it’s virtually certain that some will be ready for an individual buyer to move in straightaway. Attendance at the MIPIM could be a positive step toward formulating one’s own guide to buying property in Italy. But if you didn’t know about it ahead of time and cannot travel to Cannes on short notice, you can rest assured that Connection Italia can help you to identify and explore many of the same government-owned real Read more…

Several previous posts to this blog have discussed the fact that interest has been rising among foreign investors for real estate for sale in Italy. But those posts have tended to not differentiate different types of real estate buying. Readers could be forgiven for thinking that the bulk of the competition was only among companies and developers whose interest in buying property in Italy is for commercial purposes. A brief, recent report by The Move Channel serves to clarify that would-be foreign buyers do indeed include a rising tide of persons seeking to purchase real estate in Italy in order to relocate or to maintain a vacation home. The report specifically deals with British buyers, but given the range of commercial interest that has been shown to exist over the past several weeks, it goes without saying that Italian home-buyers are also emerging from elsewhere in Europe, as well as North America and Asia. What is also interesting is that many of the Brits who are buying property in Italy are doing so off the beaten track. Rather than focusing on real estate for sale in Rome or Tuscany, they’re often looking to places like Puglia, Abruzzo, and Liguria. If Read more…

It has recently been reported in a number of business news outlets that Starbucks is planning to begin opening stores in Italy, a long-standing dream for founder and CEO Howard Schultz. We expect that Americans who are interested in buying property in Italy will have somewhat mixed feelings about this. On one hand, the appeal of purchasing real estate in Italy often relates to the desire to have a truly authentic local experience. It gives you an opportunity to leave behind the trappings of home in the way that a tourist never does. For people with this perspective, the Starbucks announcement might give the impression that American products and ways of life are following them at the very time they are striving to escape by buying property in Rome or Venice. If that’s your perspective, steer clear of Milan, which is expected to receive the first Italian Starbucks this year or next, according to the International Business Times. And if this news makes you worried about the encroachment of cultural imperialism, you might want to contact us and discuss the most and least Americanized regions of the country as part of your guide to buying property in Italy. On the Read more…

When you travel abroad, do you ever consider the difference between how you experience things as a tourist or business traveler, versus how you would experience them as a local? This is something we’ve certainly thought about in our own travels, but it returned to mind recently after we read an article at Luxury Travel Magazine describing some of the best coffee houses in Rome (and one in Venice). This also reminded us of our very first post at the Connection Italia blog, in which we suggested buying property in Venice so as to discover the hidden gems that one often sees only as a local, and not as a tourist. The takeaway from the list of Roman coffeehouses is a little different, though. It’s indicative of the kinds of wonderful places that you can discover as a tourist, which might help push you toward buying property in Rome whenever you have a chance to return. The experiences that you have as a traveler can help to define the experiences you’ll have as a local. In turn, they can help to narrow your search of real estate for sale in Italy. Travel magazines and your own experiences are a good Read more…

City officials in Rome have found themselves in hot water recently over the revelation of excessively and sometimes ridiculously low rental prices. Many citizens have seized on the story to accuse those officials of preserving this situation as a service to their personal friends, who may have paid as little as 11 dollars a month for properties in the center of the city. Whatever the reason for this state of affairs, it is no surprise that it has come to light now, at a time when there is a major growth of foreign interest in buying property in Rome. Naturally, these foreign buyers don’t want to be purchasing Italian real estate only to find that their rental plans are upset by unfair competition from the city government. And of course, Roman officials don’t want this either, since they are relying on private investors, both foreign and domestic, to buy property in Italy and help get the country’s real estate market fully back on its feet. So it is no surprise that Agence France-Presse reports that authorities are now promising to keep rental prices in line with market rates and prevent illegal subleases. If you’re planning on buying property in Rome Read more…

We imagine that some readers of our blog haven’t yet committed to buying property in Italy. Presumably, most of them are definitively planning on investing in real estate of some kind, but are torn between purchasing property in Italy or some other dream destination. That’s understandable, even advisable. And we would recommend that you do what the South China Morning Post recently did when a survey by Demographia once again revealed that Hong Kong is the least affordable city in the world. That is, take a specific amount of money – something that reflects your pre-determined budget or what you’ve paid for property you already own – and compare what you can get in the different regions you’re looking at. You may be surprised by some of the results. And if you think buying property in Italy is an expensive proposition, you may be particularly surprised by the kind of luxury you can obtain there for the same cost as a very modest property in truly expensive places. For instance, the Post article finds that for about half the average Hong Kong home price, a person can buy an entire, four-story Italian castle that dates to the 12th century and Read more…

Rick Steves recently wrote an article, published in USA Today, on some of the “wonderful wineries in Tuscany.” Steves’ introduction to those places did not say much about the people running them. It mentioned only one specific person, a host referred to only as Adamo. For us, this raises the question: are there any prominent Tuscan wineries that are owned or operated by people who aren’t native Italians? The wine industry isn’t our area of expertise, so we honestly can’t say. But one thing we know a great deal about is buying property in Tuscany that can potentially be converted into a winery. Given the world-class status of Tuscan wineries, we’d say it’s safe to assume that operating such a winery is a dream that leads some people to consider buying real estate in Italy. But it’s probably quite difficult to learn all you need to know about how to buy property in Tuscany while also learning the nuances of wine-making and the details of the competition you might face when starting such a venture abroad. Connection Italia is here for you so that you don’t have to do all the legwork of finding real estate for sale in Italy, Read more…

This week, Reuters reported that two major Italian real estate investment trusts were preparing for initial public offerings, but that these had faced delays and uncertainties, leaving the actual date of the IPO still up in the air. The uncertainties are not related to the strength or trajectory of the Italian real estate market, but rather to the companies themselves and the preparedness of domestic investors. Therefore, this is just more good news for foreign investors who are interested in buying property in Italy. We have been emphasizing for weeks now that the Italian real estate market is rapidly recovering, that foreign interest is steadily growing worldwide, and that opportunities abound for purchasing real estate in Italy before prospective local buyers are ready to take advantage of favorable conditions. The expected IPOs for Coima Res and IDeA real estate indicate that that window is on its way to closing, but remains open for the time being. And while we don’t wish to rush you toward buying property in Italy if you’re not ready, we would urge you to at least seize the current moment to get ready. Once more local investors enter into competition for coveted real estate for sale Read more…

A number of reports have emerged in recent days about sovereign-wealth funds being used for buying property in Italy. The Connection Italia blog has previously pointed to the rapid growth in foreign investment into real estate for sale in Italy. But this latest topic specifies that that foreign interest isn’t just coming from other areas of the Eurozone, or from familiar developers in the US and China. As the Wall Street Journal points out, the latest reports indicate that the governments of Qatar, the United Arab Emirates, and Azerbaijan have pooled 350 million dollars in funds in order to buy and develop real estate for sale in Milan. This goes to show that the foreign interest in Italy’s economic recovery is truly global, with investment managers in disparate markets recognizing clear indicators of opportunity. If you’ve ever thought of buying property in the Italy in the past, we hope you’ve recognized that opportunity as well. If you haven’t acted yet, there’s still time to strike while the iron is hot, provided you know how to buy property in Italy. Make no mistake: there’s always time to learn. But under current market conditions, if you already have sufficient real estate experience Read more…