Nonetheless, there are many attractive reasons to invest in Italy. Today, most foreigners look to Italy to spend on real estate for retirement or a second home, rather than invest in rentals or properties to flip.

Economic and other conditions have led to less foreign interest in Italy than in other European countries.

One major consideration is that the Italian market mostly caters to Italian sellers and Italian buyers. There are also major price differences between the country’s wealthy, world-class cities and its less developed regions. Ultra-modern urban apartments, medieval castles and everything in between are available in Italy. From the mountainous North to rural southern Italy, there is something for every budget and every taste. The first aspect of the real estate market in Italy to consider is its incredible diversity. Overview of the Real Estate Market in Italy While the cities and coasts attract the working population and tourists, rural areas are becoming increasingly vacant. Rural areas are generally the best areas for a real estate buy in Italy. In general, Italians opt to live in modern apartments in cities or larger towns. But the romance of old places and rural living has a far greater appeal to foreigners. Italians who consider buying a second home or a vacation property in this area generally look to the coast. Italians aren’t being born quickly enough, leaving the market wide open to foreigners. On top of this, now there is an increasing surplus of property on the market and no one to occupy it.

Due to this, over time, the Italian economy has grown sluggish… as has the property market. Italy’s population has been stagnant since the late 1960s, growing only marginally decade over decade. Italy has no restriction on foreigners owning property.

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