The Italian real estate market is most certainly in recovery, as we can see from the steady increase in sales and purchases. What is more, further improvements in the economic situation are forecast for 2019, as well as a brightening of the Italian political situation after the presentation of the new budget.
The market segment for luxury properties, being more greatly influenced by external variables, typically follows a parallel trend. Obviously, this category involves target buyers who would decide to buy a house regardless of whether or not the country’s economy is thriving. However, the weakening of the European currency has certainly favoured the return of foreign investors, who are looking for a second home that they can live in with their whole family and that meets the standards and comfort level of a typical luxury property.
One of the areas in Tuscany that recorded a real recovery is the Chianti region, with a growth of 2.4% in the demand for luxury properties.
The Florentine Chianti international market.
Florentine Chianti is a region that has been, historically, the object of interest to foreigners, who are attracted by the lifestyle, the beauty of the architecture, the proximity to the art heritage cities, the landscape and the excellent food and wine products.
The types of property in demand in these beautiful hilly areas are usually farmhouses, villas and luxury homes, ready to host a jet setter growing weary of the hectic pace of the metropolis, searching for peace and quiet in the middle of the countryside without relinquishing any luxury or leisure.
The main investors are high-income holders, and from the research studies carried out we find there are Italian, but more and more foreign buyers (English, Americans, Germans, Russians and Asians).