Over recent years property sales in Italy have risen year on year, so has the price of Italian property. However, in the past couple of years things have stabilised or even fallen. This means that if you are looking for a holiday home at a bargain price Italy is a good place to look again.
Certain very popular regions of Italy are still very expensive, so start your search for bargain properties outside of these areas. You do not have to go far to find bargains, often it is enough to merely concentrate your search in neighbouring provinces.
Generally speaking, in Italy the closer you are to town the more you have to pay per square meter for your home. Ask yourself do I really need to be only 10 minutes drive from town or can I manage a 15 minute drive instead when I want to go shopping. Often the answer is yes and not only will you find cheaper property you will also have a far wider choice of property to choose from.
How close a property is to major transport links such as national train stations and airports also has an impact on how much you have to pay for it. Driving 45 minutes to the airport is not really so different to driving 30 minutes, so expand your search to properties that are further away from the airports.
As with most European countries property along the coast of Italy is far more expensive than inland property. However, you have only got to move inland a bit to see the prices drop drastically. Usually simply looking a 10 to 15 minute drive inland is enough to see the price of property per square meter plummet. A lot of people find that a swimming pool is a good alternative to spending days on the beach, so do not miss being on the coast.
To get the real bargain properties in Italy your best approach is to be patient. If you have cash and are prepared to wait you can snap up a real bargain when someone needs to sell a property quickly.
Certain very popular regions of Italy are still very expensive, so start your search for bargain properties outside of these areas. You do not have to go far to find bargains, often it is enough to merely concentrate your search in neighbouring provinces.
Generally speaking, in Italy the closer you are to town the more you have to pay per square meter for your home. Ask yourself do I really need to be only 10 minutes drive from town or can I manage a 15 minute drive instead when I want to go shopping. Often the answer is yes and not only will you find cheaper property you will also have a far wider choice of property to choose from.
How close a property is to major transport links such as national train stations and airports also has an impact on how much you have to pay for it. Driving 45 minutes to the airport is not really so different to driving 30 minutes, so expand your search to properties that are further away from the airports.
As with most European countries property along the coast of Italy is far more expensive than inland property. However, you have only got to move inland a bit to see the prices drop drastically. Usually simply looking a 10 to 15 minute drive inland is enough to see the price of property per square meter plummet. A lot of people find that a swimming pool is a good alternative to spending days on the beach, so do not miss being on the coast.
To get the real bargain properties in Italy your best approach is to be patient. If you have cash and are prepared to wait you can snap up a real bargain when someone needs to sell a property quickly.
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