A second-home real estate market in high demand for international buyers

CapriThe real estate market on Capri is characterised by rising prices. However, the high demand for properties on behalf of private and institutional buyers, as well as few new construction projects due to tight laws, do have a stabilising effect on the market.

Buyers are willing to pay up to 20,000 euros per square metre of high-quality living space in prime locations such as Marina Piccola and Marina Grande – and occasionally also around the central little squares, or piazzette, of Capri as well. Spectacular properties in Marina Piccola with particularly luxurious features can attain top prices of up to 15 million euros.

The most sought-after locations on Ischia are Ischia Ponte, Sant’Angelo, Forio, Lacco Ameno, Casamicciola and the historic town centre of Ischia. Exclusive villas and apartments are in high demand in these areas. A private garden and views of the sea tend to be the most important criteria for potential buyers. After the turbulences in the capital markets four years ago, prices for high-end properties have clearly risen again – and top prices of up to 8,000 euros per square metre are attained in prime locations such as in Ischia Ponte. “Italian and international clients are highly interested in exclusive real estate, with many clients wishing to invest in a second home offering attractive long-term value appreciation. Such increase in value is only to be found in the island’s prime locations,” explains Mariano Iacono, Managing Partner of Engel & Völkers on Capri, Ischia and Procida.

The islands of Ischia, Capri and Procida are located in the Gulf of Naples and are regarded as an exclusive holiday destination for well-to-do visitors from abroad. The international flair, a mild year-round climate and many renowned restaurants make this group of islands an attractive region for lucrative investments in second-home real estate in the islands’ best locations.

Posted in E&V Worldwide.