Real Estate in Italy The Best Places to Buy in 2023
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- Опубликовано: 30 июл 2024
- In this video I give you my opinion on the best places to buy property for the year 2023 in Italy. It was based on a number of criteria including Price, attractions and quality of life.
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I purchased property in central Sicily for €100 per square meter. The home needs work but is liveable and great for my retirement! 🤗🇮🇹
Well done. Sicily offers great value for money when it comes to real estate.
We experienced the peak of our era, and now it is gone. Recession is tanking everything including 401K. My retirement equities portfolio of $750K is in the reds. I keep losing because of inflation. This world will fall to the corrupt rulers in the same way that Rome did. I'm sorry if you're thinking about retiring and you're worried that your pension won't be enough to meet the rising cost of living. Horrible foreign policies everywhere, bad regulatory policy, bad fiscal policy, and bad energy policy.
After the pandemic, things became extremely difficult, which is precisely when I sought a Financial advisor. I've been investing with the help of my FA for nearly 3 years and have built up a stagnant reserve of $280K to $570K in just over 24 months.
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???
I worked in Torino from 1983-86, sometimes commuting from London, sometimes living there. I loved it. My wife and I revisited it in 2018, along with Florence and Rome. The other cities were flooded with people, but Turin was its gentle self … free of tourists. We had dinner at Marcello’s on Via Stati Uniti. Just a few people there. When we got up to leave, a family at another table turned and wished us “Buona Sera”.
Thank you for your feedback. I still find it amazing that in 2023 very few people talk about Torino. It is a truly wonderful city.
Last year I worked in Rome (for second time) and really liked it. Then we moved to Turin and all of us (around 200 people) were sad to leave. Within days we all fell in love with Turin. Packed with history, wonderful for walks by the river as well as trough the town, wonderful food. And gentle with crowds. What a place.
@@cz2604 Exactly. Agree 100% Torino is an amazing underrated city.
@@saveandinvestwithgiorgiolo8375 Its very difficult to not like italy!:)
@@brunoheggli2888 I agree 100%
Hi Giorgio, thanks for your coverage of these amazing places! I agree that Scalea offers some amazing deals and has a broad inventory of many different types of properties. It's also very close to the Pollino Park, the largest National Park in Italy.
Many thanks Super Savvy Travelers. Scalea is truly amazing as a place to buy property in Italy. Very good point about Pollino Park. Excellent feedback.
Thanks for the summary, for me, it shows just what a beautiful country Italy is, all over! Recently had a scout round Bulgaria, and although appealing in some areas, outside the main cities it did seem quite neglected and abandoned.
My pleasure Darryll. Italy is indeed a beautiful country. As regards Bulgaria I would not buy outside the main cities either.
Italy is a beautiful country. North or South. However, when investing in property, particularly if you are moving permanently, it's always best to do your research. It may be cheaper in some parts of Italy, but I would look at the infrastructure. Good medical facilities and distance to hospials are very important, in my opinion. Thank you for your video
Many thanks for your feedback Janet. Medical facilities tend to be better in the North but they are not too bad in most of the south.
@@janetlombardi2314 Yes definitely could. I am used to doing a lot of research.
But then I think look at all the people that live up to a 100 or more in the South so I wonder
Decent medical facilities, good weather and an excellent diet are a good combination
@@janetlombardi2314 Dentists are not that cheap in Italy
I love Lake Como area but thought that it was way out of my budget for buying real estate, so I am quite shocked that it made your list. I am including the area in my next trip. Make way George Clooney, I might be moving in next door. Thanks Giorgio! Some of these cities are high on my list too.
Many thanks mjfletch. Although you will not find bargains in the more popular towns of Lake Como there are good prices elsewhere. If you click the link below you will find a video did on Lake Como, ruclips.net/video/7a-ojeUwp5w/видео.html
I am glad you did another Italy video.
I am glad you enjoyed it
Wow. Finding this video late but loving it
I like Génova too. I like that it’s close to the French Riviera as well.
Turin is beautiful but if you want the water it loses out.
I thought Bari would make your list
Palermo seems dirty to me but it was a long time ago I was there. Likely has improved
Many thanks. Bari was not a too far off the top ten. Palermo in the main is now a clean city.
this was a really interesting video. I appreciate that the entirity of the video showcased the beautiful lands of Italia!
Many thanks for your positive feedback.
Very informative video. Enjoyed it and yes, I agree with Turin,since I am from that area. I have visited 6 of the cities. And there is something special about each one of them.
Many thanks. Very happy you enjoyed this video and that you have been able to visit 6 of the cities mentioned.
Palermo is a true miracle indeed! I can see myself living there :) great vibes and the best food in italy!
Agree 100%. Palermo is a beautiful city with cheap prices.
My family is from Palermo.
@@jodiescarcega1924 Palermo is a wonderful city.
Yes beautiful but a lot of stuff does not work. If you are used to the USA or England you have to have some patience and forgiveness for government services. I love it but you have to know this before you go.
Healthcare is actually better in Italy than the UK.
I m going to Palermo for 3 months this summer. The reason is that I have to look for a house to move to . I live in Florida but I miss the Palermo street food the architecture the views the festivals the winter in Sicily is the best of Italy s . Traveling by train is great there. You can go to Trapani, Agrigento, San Vito Lo Capo,Marsala ,Pachino ect ect. The airport is right there, the port is right there. To me it is my dream place to live for the rest of my days. Teatro Massimo is the biggest in Italy and I love operas. The night life is beautiful. Too many places to mention. I pray to God to find my home. God bless you guys. Ciao
Many thanks for your feedback. I really hope you find the property you want. Palermo is a wonderful city.
Agree, Italy for the last years would be great.
Turin is sad, Palermo is stunning but so messy and chaotic that makes life quite difficult on a daily base. Genova is wonderful and the coast around it is just stunning. Lake Como, beautiful but it has a melancholic side. Trani is a big no if you are LGBTQ. Scalea is Calabria, where the poorest services in Italy are: hospitals are just bad. Siracusa is magical especially Ortigia, and it’s close magnificent beaches and nature reserves, as well as to Noto, which is one of the Baroque capitals. Parma is one of the world capitals of opera, the food is amazing and it’s one hour from Milan and less to Bologna. It has an excellent university. Trieste nice but a bit boring. As for the Climat: Genova is excellent and in winter it never gets too cold. Parma, Turin, Trieste can be freezing in winter. Palermo, Siracusa, Scalea and Trani great in winter, can be extremely hot in summer (up to the 40ies). Lake Como great in summer but can be humid and cold in winter.
I am guessing your preferred choice would be Genova
Hi dbertobis, very helpful and interesting inputs. Where would you recommend living as independent single woman loving security, animals, a modern lifestyle?
Turin is sad? Mmmm no
@@giovannipcherchi6291 Agree 100%
Why is Turin sad? Whats wrong with the City? I was thinking about moving there, but am doing my research. Do you care to elaborate?
I just came back from a trip in Turin. I love this city, it is beautiful and full of history, surrounded by rivers and mountains and not crowded. It has all the needed infrastructure. Turin is now on my list of the places where I would consider to live one day.
Turin is a wonderful city and very underrated as well.
Excellent list. From the very first city you mentioned - Trani - it was obvious that unlike so many on YT you really know what you're talking about and it only got better. The problem is the choice. Not many people know about Vigevano outside Milan a personal favourite for it's central square, then there's Ravenna...
Thanks David. Ravenna is wonderful and property is on average less than 2000 Euros per sqm. I went once to Vigevano when I was living in Milan and idiotically only stayed a couple of hours. Really nice place and cheap property prices.
I would add to the list Vasto in Province Chieti. Small town built on cliffs overlooking one of the most beautiful beaches in Italy (Costiera Adriatico). Large resort in the lower town and conventions there with dscos , restaurants and nightlife. Upper town and "Centro Storico" very quiet . Lovely paced way of life.
Vasto is lovely Stephen. I think though prices are a little high at an average of just under 1500 Euros per sqm
Trieste is the best, you can drive to Slovenia and Croazia or take a ferry , in winter you can go ski in 20 minutes drive, in the summer you can swim, the best coffe in Italy , espersso coffe was created there..close to stunning Venice too...next is Palermo for my chart Lake Como is stunning too... .
Thank you for your feedback Rose. All three are amazing places
Non vedo l’ora di vivere in italia. Thank you from Texas. I would like to see more options including Lazio (fuori Roma). ❤
Dear Katherine please see link below about Lazio
ruclips.net/video/NEJMfRjzTIA/видео.html
Great advice! I purchased a place in Bagheria, a suburb of Palermo.
Many thanks. I very much hope you enjoy your home in Bagheria.
For people retiring or close to retiring, make sure there are medical facilities where you want to buy.
In an emergency situation you need to be close to a hospital.
Good point. What I will say is that medical facilities in Italy are generally very good. Private medical visits are also a lot cheaper than countries like the UK.
Great video thanks for sharing 👍.
My pleasure Charlie
We visited le Marche region and looked like a fairly rich area in terms of infrastructure and small industries but mainly it’s the beauty of that part of Italy.
Le Marche is a lovely region. I actually did a video on Le Marche recently. Link below
ruclips.net/video/dYupBrGzhP4/видео.html
Thanks Giorgio for sharing. Very good information.
My pleasure NinaRosa
I agree the city of Torino as meny interesting factor .The world famous lavzza coffee , the second most Egyptian artifacts out side Caro .The region of piemonte of wine salami , truffle, was the first capital of Italy , a shopping paradise , all top brands, you can go skiing with in a hour of the dolomites mountains also Malian is also with in a hour. That's why the turin shroud is there. Once again,an excellent, investment in property
Thanks for your feedback Tony. You have just added even more arguments for putting Turin in the number 1 positions. Cheers!
You are thinking of Cervinia. The Dolomites are much further than an hour.
I'm 52. Italian by marriage 😉. I just purchased a small apartment with sea view in Scalea. I very much enjoy the fact that there is less tourism crowding there. I have a small place in Venice too. Best of both worlds. Four more years of work, early retirement, and I'm out of the U.S. and on to Italia❤🎉
Many congratulations on your purchase. Don't blame you for leaving the US and going to Italy.
Great job Giorgio.
Had a few of my targets on the list, now to convince the wife 🙂
Many thanks Eddie. Good luck with convincing your wife.
Trani and Perugia, two cities near and dear to my heart, and absolutely worthy of a spot on Italy’stop ten list
Indeed nick Trani and Perugai are wonderful cities.
I guess it all comes down to how much money you have and what your tastes are. I'm more interested in the Northern parts of the Italian Alps. I'm more into nature than the city life.
Thank you for your feedback jroar
Trieste is also located in one of the best region in Italy.
The Friuli Venezia Giulia has sea and mountains very close to eachother and people there pay taxes (mostly because the region has a so called "Statuto speciale" witch allows the FVG to keep up to 70%of the 💰 taxes and use them directly without passing through Rome).
Since the region is close to Slovenia you can go there to fill the tank of your car since is cheaper. But people that live there have a special card that allows you to get a discount if you fill the tank in Italy.
The whine and the food is produced directly in the region and is a top quality one.
The region just started in co-operation with Slovenia and Croazia the First hidrogen valley in Europe (a project that will allow the mass production of hidrogen in order to be used as an energy source).
I could go on but it's also nice to go and discover the region directly so I highly suggest you to give it a shot 😊
Its nice to see Trieste getting so much positive feedback. Many thanks for your contribution Coccia Conch
I love Trieste. Of course I am faithful to my Bologna, but Trieste is gorgeous.
@@danielaluisiburns9993 Trieste is amazing!!!!
Wauw this information is so important it gives clear direction of that part of Italy … Progession, good 👍 🙏🏽👍👍 is a USP for me! Thank you so much for sharing the right kind of information only a local or locally acquaintance could tell 🙏🏽💝
@@raquelweijers6130 👍🏻☺️
I agree with you on Trieste but then I am rather biased as I have lived in the Udine area for 53 years and my daughter was at university in Trieste. Here in Friuli Venezia Giulia things function fairly well, they are organised and efficient, which is rather different usually from down south. Of course the climate here up in the north-east somewhat different from southern Italy but with climate change it is not as cold as it used to be in the winter. Trieste is famous for the Bora wind but even that seems to have toned down from the past.
Many thanks friuliancottage for your feedback. It is amazing that even in many parts of Europe I have come across people who have not even heard of Trieste. Trieste is definitely underrated and yes as in many parts of the world the climate is changing.
Having lived in Italy for the past 30 years, which of two where is Naples. I agree with your presentation. On the beauty and the culture of the places you were suggesting. I think it's also important that you putting out the risks. Naples is dominated by criminal activity, known as the Camora. Where as Puglia & Sicily also have criminal organizations. I can vouch for the fact that moving there is beautiful, but not easy. Especially if you don't speak the language and understand the priorities of the criminal organizations.
I have met people who have moved to Assisi and the surrounding areas. Umbria is quite crime free and a beautiful and expensive place to retire. I enjoyed your video very much. It's beautiful and true, but feels to reveal the Darkside of the areas you've mentioned.
In my opinion the best place in Italy is Sardinia which is similar to Polinesia, but not only for the seaside, it is still an unknown heaven and I wish still remain unknown! I don't say that because my anchesters are from there but is such a special place for many reasons....
Thank you for your feedback melanie. In all honesty there is very little camorra in Naples city itself although in a few of the towns outside it is still an issue. My biggest problem with Naples is that propety is expensive especially in areas like Posilipo, Vomero, Mergellina and even around Piazza Municipio. There is organized crime in Puglia and Sicily but it will not be an issue if you buy a property in these regions.
I actually also made a video on the best five places to buy property in Sardinia. It is in my video library. Unfortunately property in Sardinia is not cheap.
Turin must be really lovely from many standspoints, a real mitteleuropaische city! The only disadvantage mirrored in the property market prices is the weather! It is not so alluring as the central and southern regions of Italy
Agree 100%
Torino looks beautiful. My mom grew up in Palermo and I love the people but it does have some drawbacks. At 73 the hospital system is important to me.
I think Torino is beautiful and offers great value for money. Although medical care in the south is not quite as good as the north it is still quite good by European standards and private consultations are not particularly expensive.
Good video. I want to see Turin next time I come to Italy.
Many thanks Stephen. You will really like Turin.
Great video. Would be nice to see it now after 2 years. I really hope this works
Many thanks for your feedback
Absolutely great vídeo, very informative! Thank you for putting this together. Scalea has always been my number one choice but I’m concern of rumors there is still Mafia among residents and in most of southern Italy! What is your thoughts ?
Umbria region. Is my second region, Todi or Fratta Todina. Third would be Molise, Termoli and Campobasso.
Thank you for your feedback Dora K. The mafia will not affect your purchase and the locals are very friendly. Of course if you are not 100% comfortable then there are many other options in Italy.
I live in Pordenone, a perennial Top 10 most liveable city in Italy as reviewed by ITALIANS. 10 km from the Alps, fertile growing plane of you name it and some of the best beaches in Italy 65 km away (e.g., Lignano ranked #1 by Italians). 50K population. Clean, modern and well run. Used to be "Cottage Country" for Venice in its heyday. Dates back to Roman times, small hamlet then. You're English and as usual, they know nothing like Americani, nevertheless you did a good job. There are literally 100s of wonderful places to live in Italia. My Pordenone one of them. Lago Como nice but I prefer Lago di Garda. PS: if you liked Scalea in Calabria, you will cream your drawers at Scilla, Tropea, Pizzo Calabro and Reggio Calabria (Il più bello chilometro in tutta Italia).
Carissimo ho la doppia cittadinanza italo-brittanica e ho vissuto e lavorato in Italia quindi non mi dire ''You're English and as usual they know nothing like Americani'' Non voglio disprezzare Pordenone ma ci sono città molto più belle come Vicenza, Trieste e Torino.
I believe Trieste should be number 1 rather than number 3. Apart from everything you listed, the city is also home to the best children's hospital in the country: Ospedale Infantile Burlo Garofolo. Those moving there as a family would find that very beneficial. I am from the US who currently reside in Udine but I take my daughter there. I am looking to make the move to Trieste permanently with my family.
Many thanks for your feedback GH. Trieste could easily have been in top position. Most of all I hope your daughter is OK.
Thank you for the well wishes. My daughter is doing ok. She was born with a club foot. The doctors from there are taking care of her and told us she will ok after the physical therapy :)
Very pleased your daughter is OK GH
@@saveandinvestwithgiorgiolo8375 grazie mille!😊
@@GH-yj6sc Prego
Thank you for covering this list of cities. A few, I’m not familiar with but from what I’ve heard, one should avoid the south of Italy. However, I’m still open minded and might consider buying in Sicily if the price is right. Personally, the region of Liguria is most tempting as well as Lake Como, so if I don’t end up buying in Spain, I’ll be headed there to see what I can find.
Thank you for your feedback. Liguria and Lake Como are amazing. I think Sicily is amazing value for money and very beautiful. I would not listen to those who say avoid the south of Italy. I really depends where you go.
@@saveandinvestwithgiorgiolo8375 My pleasure. I still intend to see as much of Italy as I can but what I love about northern Italy is it’s central location to the rest of Europe. Having lived in Austria, Germany, Romania, Spain and France, it seems like the ideal place. The only problem is that it seems more difficult to open a bank account or buy a car in Italy compared to Spain.
@@roxythefoxsayfurismurderan3187 Good that you have lived in many countries. At least you can compare Italy to all these countries.
@@saveandinvestwithgiorgiolo8375 Indeed. Although there are many aspects of each country that I love, after living in Spain, I realized it was my favorite overall in terms of lifestyle, weather and culture. I’m thinking Italy is similar to Spain in those ways but has the best of all worlds when one considers the location, property prices and food. Now I’m curious if Italy has a similar visa like the one in Spain that allows you to stay permanently if you have enough money in the bank. Do you know anything about that?
Turin and Trieste are definitely both great, for different reasons. Turin is elegant and more vibrant, Triest has some decadent vibe and it is definitely smaller, but it has the sea too. I am thinking about Turin to invest in a property. A few years ago I would have suggest also Bologna, my hometown, but now it has become really expensive even more then Rome and no more worth it, unless you work and live there.
Many thanks for your feedback. I agree 100% with you. Shame Bologna is so expensive as it is a beautiful city.
Trieste is gorgeous however so polluted hazard to your health.
Thanks for the video we enjoyed very much. It would have been helpful for us, if 1) you showed the locations on a map and 2) if you had provided the formula to convert square meters to square feet.
Many thanks Berry. 1 square meter is 10.76 square foot.
i’ve always wanted to go to Turin and it did not disappoint absolutely spectacular in its architecture and you’re able to ride your bike just about everywhere so easy and a wonderful long ride along the lake. The food is outstanding also. I’ve been all over Italy but I Trully loved Turin, also Lake Como actually bologna, Siena Verona, some of my favourites of course Tuscany…. oh dear, how am I gonna decide. I haven’t been down south where am I supposed to buy when you love all of Italy. I’m headed back in 2 weeks to drive from genoa to lecce
Thank you for your feedback. Too many choices of where to live in Italy!!!!
Would you share 5/10 cities that almost made it to this list? What do you think of midsize cities in Northern Italy like Bergamo or Modena? Don't think I've seen any of your videos mention these. Thanks a lot for the content you create!
Thank you Mario. I really like both Bergamo and Modena but in both cities average price are towards the 2500 Euros per sqm mark. Example of cities that nearly made the list were Catania, Lecce, Catanzaro, Mantova, Cremona,Vicenza, Belluno, Ferrara, Salsomaggiore Terme
Love Turin. Been there twice. Going again May 2024. Wish I could afford an apartment there.
Agree 100%.
Thank you for covering these cities thoroughly. Curious what your POV is on the decrease of $/sf for Palermo in 2014?
My pleasure Alexandra. Prices in general in Italy (there are some exceptions like Milan) have been going down over the last decade or so due to an underperforming economy, high debt levels and very low birth rates. That said it is difficult to say why Palermo has suffered more than other cities.
Wow! 😀 Many great places indeed. I would enjoy living and owning a home in Genoa for sure. Thanks for a great information. 🙏👏👏
My pleasure Mohammed
@@saveandinvestwithgiorgiolo8375 I find your channel to be one of the best on RUclips for investing in properties overseas. I think if you add additional topics/ideas to your channel you may get a lot more interest and subscribers. Here are some examples that l like to follow. Interview expats and locals that live in your favorite cities to buy properties in. Discuss cost of living with them especially costs for retirees and nomads. Find ways to identify local professionals in your favorite cities and interview them. For example real estate agents (buy and rent) and local lawyers to help your subscribers have contacts on the ground in each city to start. Another topic to consider, ability of foreigners to obtain residency visas by buy properties in your favorite cities/countries. Thank you much for your great effort to keep us well informed. 👏👏👏
Thanks for your suggestions Mohammed. I was thinking of covering residency by real estate purchase and also digital nomad visas.
@@saveandinvestwithgiorgiolo8375 great 👍. Thank you Mr. Loukas for considering. Best wishes and have a Happy Holiday season. 😀
Same to you Mohammed
Italy is like two different countries. The north is like the verdant northern European countries and the south is like the Mediterranean Greek Islands with tons of Greek history and place names.
Personally I prefer the north because I love greenery and mountains. I don't think Italy offers great beaches, though there are some here and there; You need to go to Sardinia for that, where the beaches are on another level.
In terms of people, I don't believe that the southern Italians are more friendly the northern Italians. Maybe because I come from the UK and anything friendlier than what you get in the UK seems friendly to me.
I worked in Genova and Tuscany and I found the Genovese much, much friendlier than the Tuscans.
If I were to go to Italy I would live in a village near a city not in a city. Why go from a city in the UK to a another city in another country?
Thank you for your feedback. I think in a number of European countries the North is different from the south. France and in particular the UK are examples of this. The wealth gap between the north and the south of the UK is higher than that in Italy. Villages are nice but I think most viewers find them a little bit remote although I could do a video on the best villages to buy property in Italy.
@@saveandinvestwithgiorgiolo8375 I would love to see a video on villages near big cities!
One thing these videos often lack are comments on health care by region. Health care varies greatly,.with Lombardia/Toscana being the best in my opinion
Thank you for your feedback Raymond. I think in some of my videos I have mentioned hospitals. I would say healthcare in Italy is generally very good and even in the south I personally have had a better experience than in the UK. The good thing as well is that if you see a doctor privately in the south it does not cost too much.
Great video bro!
Thanks again Lado
I love Sicily. The infrastructure is somewhat lacking, but the pace of life is relaxed. It may change when the bridge is finished, but that's at least 5 years away.
There are enough airports though. Lots of flights from Palermo and Catania.
yes agreed
With Dave or myself?
Hi Giorgio, thank you for the insights. I just wondered about one statement of yours, that Syracuse is far from the international airport of Catania. According to google maps there is a direct link on the autostrada which brings me to the airport in 55 minutes or a direct train line which takes 56 minutes. I wouldn't consider this "far" away but rather very convenient.
My pleasure. I understand were you are coming froma and it is all relative. I was comparing it with places like Catania.Palermo and Trapani which have their own airport and other places which are nearer airports.
@@saveandinvestwithgiorgiolo8375 sure - it can't beat the 15 minutes from Catania city center!
Yes exactly.
Very good!
Many thanks Lanetest
Nice videos, looking at scalea now…
Many thanks
Hello Giorgio, thank you very much for your great advise! I would have added some cities from Abruzzo or Molise but I understand you need to pick up just 10 and it is not easy. One question: could you do an updated video on Uruguay real estate? Thank you!
Many thanks brasileiro69. I will be doing a video on both Abruzzo/Molise and Uruguay early in the New Year. Believe me it was hard to exclude cities/towns from the top 10. Maybe I should have done the top 20.
@@saveandinvestwithgiorgiolo8375 thank you very much! If you have the possibility I would really appreciate at the time of your new video about Uruguay, if you could deep dive into the different parts of Punta del Este, Maldonado and assess the value for money to invest in the different neighbourhoods. Thanks again, your channel is truly great!
@@brasileiro69 Many thanks.
Hermanus South Africa is truly the garden of Eden living….but political issues are becoming problematic…so we are evaluating plan B ..initially to spend a month in Italy to scout the opportunities?….I would be grateful for some guidance ?
Turin in Piedmont area is interesting…as are lake como…scales and Genova….what are short term rental options for say a month ?
Hi Giorgio,
What are the buying and selling costs in Italy like? Spain they are terrible, Portugal they are Ok, but would like great to hear about Italy and if it is competitive compared to the others.
Tomjo it very much depends if the property is your primary residence (i.e. live more than six months of the year) in which case you will pay in effect 2% stamp duty if not 9% of cadastral value. You will also pay higher VAT on a new property if it is not your primary home. 10% compared to 4%
Hello I live on the West Coast of the United States. It would be nice to see you do a video Of small towns. If I was to move to Italy I would want to live in a small country town.
Thank you for your feedback. I will definitely consider it.
Giorgio thats a great video. Thank you.
Where would you place Lucca.
We are actually byuing house in Lucca
Many thanks. I would place Lucca not far outside the top 10. Have a look at the video below on the best places to buy in Tuscany. ruclips.net/video/j_JZmWrwGck/видео.html
How does one find property for sale in Italy? Do they have real estate websites? Does one need an agent? If yes, how does one find a trustworthy and competent person. Different person for every area? I subscribed to your channel, as I suspect you have answer at least some of these questions and more in prior videos. Thanks.
Hi Tom thank you for subscribing. The best real estate websites for searching property in my opinion are Immobiliare.it and idealista.it, casa.it is not bad either. The good thing about Italy is that the notary should pick up on any irregularities with a property but I would still hire a lawyer. As far as agents are concerned my favorites are Tecnocasa and tecnorete (part of the same group and both national) as I find their prices reflect more closely the market value. Never be afraid to bargain the price down and please get a feel for the local market wherever you decide to buy and do your due diligence. There is an excellent section in immobiliare.it which gives you average asking price for each city/town (although this is only a ball park figure)
Take into account the taxation on properies. Living abroad even not having a home of your own (renting) counts as residency and the Italian property will be taxed (ICI) as second property yearly. The tax is around 0.2 to 0.8 of the total value of property, plus fixed charges for utilitues and rubbish which is not cheap.
Still very cheap when compared to the US and of course if you it make it your main residence it is much cheaper.
0.2 to 0.8 is it not much? You're talking of 20% to 80%. 😢j😢😢😢
@@nebsDigos9732 0.2% not 20%
I suggest an area: the Cadore, Belluno province, Dolomites. A lot of cheap houses in the middle of the most beautiful mountains in the World
Maybe interesting. Not far from Sudtirol, Cortina and Venice. Remember in 2026 the Olimpic Games Milano Cortina.😉
Actually Belluno made it into my top five places to buy Real Estate in the Veneto Region. Great value for money.
I love Reggio calabria (RC) ♥️🇮🇹 Forza Italian
A very underrated region of Italy.
I’m curious why prices were compared to 2014 prices, now that it’s 2023. Was that just the last spike in Italian real estate? Cuz here in the states, the last spike was 2020-2022, mostly due to Covid. Just curious.
I’m wondering if I can buy a functioning home with land (lots of pets) in a small town but with fabulous views for under $200k, as I’m getting near retirement.
Thanks for the lovely and informative video.
Thanks D.Mills. It was not an actual peak. Amazingly prices had been falling before then but since 2014 prices fell more rapidly. I think for what you are looking for you can buy in a small town/village. It depends on the views you want. If you enjoy views of mountains/hills then it is possible.
Impressive video. It really depends on your needs. I’ve never been in Italy during the winter months so I have no idea what its like. Because I’ve been to half of the cities it would be a difficult decision. Although, living in a US city most of my life I found Perugia to be most appealing for a non coastal city. For a coastal city, on a whim I visited Trieste and just loved it. I had no intentions to visit but my high school classmate’s sister moved back to Italy suggested visiting her. So we took a train from Bologna, met her for a beachfront lunch. The view is ingrained in my memory forever. She was working that day but gave us advice where to go. It’s a bit far from the rest of the well known cities but was worth the trip. There are a few more on the list I’d like to visit before making any decisions and thank you for the options.
Many thanks for you feedback and experience David.
Trieste is a beautiful town with polluted air that smells like shit.
@@nataliearndt6649 Interesting but we didn’t experience that at all and it was in July. The only time it smelled bad was a warm day in Venice due to the canals. We were aware of the canal stench which is why we visited in October.
Agree 100%
i dont like too much cities, i moved here 100km north of venice dolomiti town, two hour train in Venice.. bellisimo, quite, beatiful, around with variaty of landscape, lakes, rive, moutain ranges, mountain towns....so reachful attractions. i am looking for turisimo property, thinking about beach apartment or montain self sufficient family farm.
Many thanks for your feedback and good luck with your search.
I love Italian man and woman 👠 and their country rich in everything.... everybody want to leave stay in Italy once in a life time and I'm too ...
Beautiful Italy ❤❤❤❤
Agreed. Italy is really beautiful.
Thanks for the informative video. What extra costs go into buying property in Italy? Sales taxes, etc. What about annual real estate taxes? In Torino with 2 big universities, will the universities allow a non-student/professor access to their libraries (if you know).
Tom I will probably be doing in the not too distant future a video on the subject of taxes in Italy.
Thanks sir
My pleasure.
Thank you for this video! Really useful. Do you have any opinions on the smaller towns outside Turin near the mountains, like Ivrea, Biella (or any others you have seen), where the prices MIGHT be slightly lower but still have services and attractions for living without a car? Thanks again, Steve.
I just saw your other video with Asti, Vercelli, and Biella. Thanks!
My pleasure.
As an Italian I would never buy property in the South for a number of reasons, number one the lack of infrastructure.
There is definitely better infrastructure in the north in particular with transport. The Milan to Napoli train line is excellent but once you go further south it is not as good however property prices are generally much cheaper as is private medical care though there are some very good public hospitals in the south as well.
Hi Giorgio, I've been looking for a year and went to Italy in August to areas of Sardegna, Puglia, Rome, and Bologna. I'm a dual citizen from the USA and Italy is my final destination! We've been looking at Piedmont, any suggestions? Thanks!
Lisa it depends if you want to live in big city or perhaps a quieter town. In a big city Turin is a lovely city and offers incredible value for money when buying property at below 2000 Euros per sqm on average. Some of the nicer smaller towns include Asti, Alba, Biella, Tortona, Rivoli, Ivrea. If you want a really small town perhaps Barolo, La Morra or Roddi could be options.
i wish italy could still be italian
The birth rate is too low in Italy at 1.2. This is unsustainable as this will mean by 2050 there will be more pensioners than workers. Unless Italians start to have more children there will no choice but to let more immigration into the country.
2050 is a long way off bro@@saveandinvestwithgiorgiolo8375,also we will lose our culture if white non italians move in and italians are in every country throughout the world we make up 100 s of millions world wide
I am not very interested if a place to settle in has a cathedral. But I want to know if I have to stay inside in summer, because of the heat. Smaller airports are becoming less important in Italy. Good train connections have been taking over.
Thank you for your feedback. It is still an advantage to have an airport even if train commections. I understand for some people a beautiful cathedral or monuments/churches may not be relevant but to others it adds to the place in which they choose to live.
Parma is just fantastic
I really like Parma and the standard of living is very high.
Bro Rome vs Milan vs other city which city is the best for international students and which is the most highest expensive city in italy and which city is high job opportunity and which city is best and helpful for English speakers. Please plz plz make a video on this topic.
Thank you for your feedback. I will definitely consider this topic.
Hi Giorgio, love your videos so I recently subscribed! Getting my Italian passport in 2023, so I will be looking for some real estate there. My parents were from Abruzzo and I still have family there. What do you think of Pescara or Francavilla?
I understand Italy is more about lifestyle vs investment, one I establish home base there, where else in Europe would you think is a great place to invest? My objective is low price, good yield and stable growth.
Thanks
Many thanks for subscribing. Pleased you are getting your Italian passport. This will also give you access to EU/EEA countries. Pescara and Francavilla are both nice and prices are very reasonable between 1700-1800 Euros per sqm. I personally think Sofia/Varna in Bulgaria, Montenegro Coast, Budapest, Bucharest could be good places for investment purposes.
@@saveandinvestwithgiorgiolo8375 thank you Giorgio! I value your advice. Puglia seems very nice especially the beaches, I think a trip to scout these areas out is necessary.
@@aquaworldresort4581 My pleasure. Puglia is a lovely area of Italy to visit,
Check Cagliari in Sardinia next....really beautiful town
Cagliari is lovely but prices are nearly 2500 Euros per sqm on average.
Pietrasanta...expensive but classy.
True
Agree
Thanks.
What is the best way to start seeing property. Once you get to Italy the easiest way it to go to the popular short term rentals to initially secure accomodations but these are super expensive in my experience. All showing same prices for example. Where can we contact an honest real estate broker to start with
What about smaller cities like Udine, Spilimbergo, Pordenone?
Udine/Pordenone are nice enough but prices are not amazingly cheap. I would rather pay a bit more and buy in Trieste. Spilimbergo is very cheap and certainly an option if you have a tight budget.
Very interesting 👏👏, must visit Parma and Bologna. Is Bologna really 2nd most criminal city? What do you think about south of Ancona, San Benedetto area? 🤔
Thanks Berna. I am afraid this is correct. Milan has the highest crime rate followed by Bologna and then Rimini. San Benedetto is lovely nut prices are not cheap.
Can you please make a video - best places to buy in Lake Como 🇮🇹
Hi S Walker. I did a video on Como a while back. I may do another one in the near future. In the meantime see below link to the video I did on Como.
ruclips.net/video/7a-ojeUwp5w/видео.html
You should add resale value and whether the town and area is growing in population or depopulation.
BTW, I'm registered citizen in Scilla, Italy
Lucky you. Sicily is beautiful.
Thank you Giorgio for the well thought out vlog! I have read quite a lot about Cicily mostly negative, about crime. Do you have any experience you can share about this? Is Cicily as crime infested as some books and movies suggest?
Thanks Peters. The answer is crime is nowhere a problem in Sicily as the movies and books would suggest.
No is quite safe Palermo I am a female by myself I lost my cellular and the police even track it for me. Do not watch so much TV lol. Of course If you look for trouble you gonna get in trouble . Milan has more crime.
what is the nearest city in Italy around 10 minutes drive going to Vatican city/Rome? or may be just a walking distance?
Definitely no city within walking distance. Anywhere you go will be more than a 10 minute drive.
What website should I search to see what's available? I'd like to get a better idea for the prices in the areas you mentioned ......you know, do a little day dreaming. 🤩
Hello Penny the best websites are immobiliare.it and idealista.it (both sites have English versions). Thank you for your feedback.
I love Palermo but also listened to a video of yours saying not to buy in Italy because of unstable investment foundations and low yield and red tape. Has this changed for you?
I would only buy in Italy as a lifestyle choice not as an investment although I have to say things have improved over the last couple of years. I am not saying you will not make money but if you are buying purely for investment purposes there are better markets.
My car was almost stolen this summer, in Trani. Whole Southern Italy is a big NO for me. Sea/food/nature is nice, but it's not safe, it's often dirty and abandoned. If i were buying in Italy i'd probably checked Pescara and up.
I am really sorry to hear this because every other report I have had on Trani is very positive. I would have to disagree with you on Southern Italy not being safe.
Most of south italy is safer than the north. Naples is the roughest but alot safer than the us
@@josephaugello1527 Milan has the highest crime rate per 100,000 inhabitants followed by Bologna and Rimini so yes crime is higher in the North. The worst places in the south Foggia. In Naples it is concentrated in a few areas like the Spanish quarter but the problem is that the nice area of Naples are very expensive property wise.
I’m moving to Puglia. I’ve been in many areas of puglia. Never felt unsafe. Same for Calabria. I feel safe there than in USA.
@@carolc1543 good luck, i suggest not to leave your car outside at night though.
Siracusa is only 40 easy autostrada minutes ( 30 if you are accustomed to driving here) from Catania Airport.
Thanks for your feedback. I have not done the drive myself but people that have tell me it takes nearer 1 hour but I guess it depends on if the driver is experienced or not.
I think about brescia
Nice city Brescia and prices under 2000 Euros per sqm on average
I agree some of these places are really quite nice - Im a fan of Trieste. However I've spent quite a bit of time in Genova for work and really it is quite industrial and grim. Next to Milan one of the least interesting cities in Italy.
Thank you for your feedback. I agree with you about Trieste. We obviously disagree about Genova.
I desagree with you about Siracusa e Palermo I never ever buy anything in Sicily
Why would you not buy property in Sicily?
Great list, thank you for sharing. Torino for me is the least attractive city in Italy.
Thank you. Torino does seem to be dividing opinion.
The biggest port of ITALY is not Trieste, but Genoa . Genoa used to be the economic capital of Italy until 1918 when the stock exchange was moved to Milan. Nowadays possibly the city in the world with oldest population , real estate has lost 50% of value in the last 10 years due to the constant decrease of population. once the fast train to Milan will be finished in a couple of years , it is expected that many more new residents will move to the seaside form Milano. SO good opportunity to buy.
Trieste is not the capital of Friuli, UDINE is..
Antonio Trieste is the capital of Friuli Venezia Giulia. I am not sure why you would state otherwise.
I would Like to add few places with excellent borders with rich countries. You did Not mention Süd Tirol, maybe also a comparison between it and Austria would be interesting. Süd Tirol but also Aosta Not really much mentioned. Aosta has Higher corruption and crime rate i suppose. Also maybe sanremo has some benefits from His borders.
To be honest I do not think Aosta would be popular with
foreign buyers and prices on average are over 2000 Euros per sqm on average.
@@saveandinvestwithgiorgiolo8375 It really depends much on the aesthetic/culture/food and proximity in Italian properties. There is Not really an Advantage regarding taxes or cost of Life.
Thanks again for your feedback Mario.
Torino is on my short list!
Not surprised at all. Good luck with your search.
Do buyer's agents or buyer's advocates exist in Italy?
(Buyer's agents (or buyers advocates) are licensed professionals that specialise in searching, evaluating and negotiating the purchase of a property on behalf of the buyer?)
Generally Italian Estate Agents act on behalf of both the buyer and the seller and will take commission from both around the 3% mark. There are some agents specifically acting for foreign buyers but they may well charge more and are difficult to find in the less popular areas of Italy. Please beware especially in regions like Umbria there are some rogue realtors that sell overpriced properties in particular to American nationals so please do your due dilligence. A very good starting point are the websites immobiliare.it and Idealista.it where you can serach for property (numerous listings) and get a good idea of prices in each area. The good news is that Italy is one of the more transparent countries when it comes to price research.