Real Estate in Italy
Last updated on Dec 10, 2022
Summary: People living in Italy offer advice about real estate. How do you find a home in Italy? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Italy?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"There are many options available when looking for a place to live in Italy. Apartments, villas, and bed and breakfasts can all be good choices depending on your needs. You may want to look into real estate listings, both in print and online. There are a number of websites that can help you to find a suitable rental property or home. Local newspapers often list apartments or rooms for rent and online forums such as expat websites can be a great source for advice and tips on finding great accommodations. Additionally, there are some services that specialize in helping foreigners find accommodation in Italy," said another expat in Italy.
"On accident, really. We were in Perugia in an AirB&B. We noticed a poster for a concert on Isola Maggiore on Lake Trasimeno. We went, and were charmed with Passignano sul Trasimeno. We found an apartment and moved," remarked another member in Passignano sul Trasimeno.
What is a typical expat home or apartment like in Italy?
"A typical expat home or apartment in Italy might typically be spacious, luminous, and well-furnished in comparison to Italian standards. It might have luxurious finishes such as high ceilings, large windows, traditional terracotta tiles and large balconies overlooking the streets of the city. It might also have modern amenities such as air conditioning and modern kitchen appliances. Expat apartments typically have access to an outdoor communal garden or terrace and there might even be a gym, shared swimming pool, or other communal facilities," remarked another member in Italy.
"A mansarda, attic apartment. We know some expats who have bought "rustico" homes and embarked on extensive, and expensive, remodels. Others purchased apartments. We are renting a cheap apartment, but it is too small, too noisy, and are hoping to find something better," explained one expat living in Passignano sul Trasimeno, Italy.
What is the average cost of housing in Italy?
If you are thinking about moving to Italy, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Italy varies greatly depending on location, size, and other factors. In general, prices tend to be higher in the cities and on the coast, and lower in smaller towns and rural locations," said another person in Italy.
"It really depends where you look. I bought a delightful old stone row house type of home, 4 bed, 2 bath with a large terrace and glorious view in a 500 yr old building for $54,000. It's definitely livable but could use upgrades. I also bought a penthouse 1 bedroom apt, tiny but with a great view and wrap around balcony on three sides one block outside of the old town in Vicenza with elevator and a garage parking spot for $110,000," remarked another foreigner who made the move to Italy.
Should I buy or rent a home in Italy?
If you have not spent a lot of time in Italy, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Italy can be a great investment, with potential for appreciation and long-term security. However, renting a home in Italy can be beneficial if you're not planning to stay in Italy long-term, or if you're not able to buy a property due to your current financial situation. You may also want to rent if you prefer to move around or prefer flexibility. Ultimately, it depends on your situation and preferences, so consider all options carefully before settling on a decision," remarked another member in Italy.
"We paid an attorney in Rome to ensure that the process was easy. He was expensive, but well worth the money. Without good language skills one is at the mercy of the system. Our attorney stood the ground for us when necessary," explained one expat living in Minturno, Italy.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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