Italy is a use-first market: buyers acquire architecture, land and heritage. Yields are modest; scarcity and enjoyment are the return.
- Where we look
- Tuscany · Lake Como · Milan · Rome
- Entry level
- EUR 1M+ for restored countryside estates
- Rental yield
- 3–5% gross on managed agriturismo or villa letting
- Foreign ownership
- Full freehold for foreign buyers
- Residency
- Elective residence visa for financially independent buyers
- Taxes
- Registration tax on purchase; favourable flat-tax regimes for some new residents
- Watch out for
- Restoration budgets and permits routinely exceed first estimates — build in contingency.