Demand has increased on the Northern Italian property market. Bloomberg reported that the market volume for second homes in northern Italy has increased 14%.
Demand has increased on the Northern Italian property market. This is mostly due to the economically instable environment where people are looking to invest in something more secure like a property.
“I would say that 60% of our customers are Germans, much more than in previous years,” Yasemin Rosenmaier, Licence partner at Engel & Völkers Cernobbio told Bloomberg reporters in a recent interview.
Bloomberg reported that the market volume for second homes in northern Italy has increased 14%. Last year, the Germans have made up the biggest amount of 40% of the revenue from properties being sold to internationals, followed by the British and the Russians.
Two very sought-after places in Northern Italy:
The Tuscan landscape has inspired travellers and tourists for many centuries. It lies in the middle of rustic scenes and culturally rich buildings like the Uffizi and Pitti palace. Seven Tuscan localities have been designated World Heritage Sites, and the region has over 120 protected nature reserves, creating a lot of hiking opportunities. In a Tuscan Holiday home, one can have a glass of exquisite local wine, while watching the sun set behind hills covered with wine grapes.
Lake Como is a glacial lake in Lombardy with an area of 146 km², making it the third largest lake in Italy after Lake Garda and Lake Maggiore. The lakeside has become a mecca for aristocrats since Roman times and is still held close to the hearts of those with discerning lifestyles. Villa Olmo, Villa Serbelloni, and Villa Carlotta are wonderful to marvel at. The lake and its surrounding regions have been enjoyed by many celebrities in the past like Matthew Bellamy, Madonna, George Clooney, Ronaldinho, Sylvester Stallone, Richard Branson, Ben Spies, and Pierina Legnani.
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