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A recent press release from the International Real Estate Federation pointed out that the organization had recently taken a handful of New York business students on real estate-focused tours of Spain and Italy, to teach them about current business conditions, opportunities for buying property in Italy, and so on. The brief article is an interesting snapshot of some of the learning opportunities that might be available to you if you are currently a student or if you are the parent of one and you want to give him or her a leg up in the world of real estate. Naturally, such business-oriented tours can be an excellent starting point for developing your own personal guide to buying property in Italy, if you have access to them. If you’re not a student, however, there may still be such learning opportunities available for both beginning investors and experienced individuals who already know a thing or two about purchasing real estate in Italy. But if you can’t find them, don’t despair and don’t commit to putting of your investment ambitions. After all, we at Connection Italia can certainly teach you what you need to know about current market conditions and your prospects for 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…

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…

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…

The Italian statistics agency Istat recently issued a report that found that Italy has some of the lowest broadband penetration in Europe, according to the Telecompaper website. The number of Italian households with internet access is certainly trending quickly upward, but about a third of the country’s population is still behind the times. Businesses are much more likely to be connected to broadband, but the statistics on e-commerce and social media usage make it clear that Italy falls short of the vast majority of other countries in this aspect, too. Much of the discrepancy is a result of insufficient knowledge of how to connect. Senior citizen homeowners and business owners are especially likely to avoid the issue of internet access after buying property in Italy. It’s important to note, then, that purchasing property in Italy is unlikely to actually preclude you from obtaining broadband access. Infrastructural challenges probably have something to do with the lack of penetration, as they do in any places with less-than-average internet use, but by and large, the statistics should represent a potential for small-scale improvements that you can make after buying property in Italy, in order to dramatically increase value for renters and clientele. These Read more…

If you’re looking at real estate for sale in Italy, be sure to look beyond the obvious spots. There is a natural appeal for the prospect of buying property in Rome, Venice, or Tuscany. But if your interest is in purchasing property in Italy just for the sake of living amidst the culture and history of the country itself, there are other options that may be even more befitting of your lifestyle and your nose for good investments. The Wall Street Journal highlighted one set of alternatives this week when it described the ongoing restoration of Matera, a city in which many of the centuries-old homes are built wholly or partially out of the local limestone. The restoration and renovation of these homes follows upon long periods of poverty, which ended with the help of international attention and tourism-focused government policy beginning in the late 20th century. The area is now experiencing something of a real estate renaissance, but the phenomenon is still new enough that you can get in on the ground floor and obtain one of these ancient homes before the prices of renovated Matera dwellings begin to rise dramatically. Of course, in an area with as long Read more…

If you know where to look, you’ll find that advertisements, articles, and press releases periodically emerge describing property for sale in Italy. These may describe foreclosures or sales by owners; private homes, empty land, or existing business properties. As with any other region, there’s a steady stream of information that can help you on your way to buying property in Italy, but keeping abreast of that information is a task in and of itself. If, however, you rely on a resource like Connection Italia as a comprehensive guide to buying property in Italy, you can avoid having to seek out such articles and announcements individually and on your own. Services like ours know where to look in advance, and we will filter that information for prospective buyers so they receive updates only on the precise areas and types of property that they’re both interested in and can afford. If you’re looking at buying property in Rome or Milan in the near future, you may be interested to know that BNP Paribas has recently put three hotels in those cities up for sale. The average reader does not have access to the details of that sale, but Connection Italia can bring Read more…

An interesting article at Boston.com recently compared buying property in the Massachusetts capital to buying property in Italy and other attractive locations around the world. The value of an article like this is that it has the potential to shatter pessimistic expectations about the cost of real estate ownership in places that you’ve only dreamt about. Buying property in Rome, the article explains, is actually no more expensive than in the North End of Boston. And that is based on the average prices specifically in the Italian capital’s historic district. If you’re interested in buying property in Madrid, you’ll find ownership opportunities in its most expensive neighborhoods, which would cost you barely more than half of the average price for central Rome. It’s only natural to disregard the price of investments that we’ve already made – as a matter of necessity – in our home cities while also assuming that prices in more desirable or “exotic” locations will be prohibitive. But often that is not a rational conclusion, and if you’ve ever fallen victim to those assumptions, you’d be well advised to actually crunch the numbers and see whether buying property in Italy is more feasible than you thought. If Read more…