In the heart of the Dolomites, a UNESCO World Heritage Site, lies the popular ski area of South Tyrol in Italy. There is considerable surplus demand for exclusive second homes in the region. The majority of buyers come from Italy. The interest in luxury properties is also growing among international clients.
The most premium properties in South Tyrol are located in Bozen and the surrounding region. Freehold apartments in prime locations here such as St.Ulrich in Gröden sold for top prices of up to 11,000 euros per square metre in 2018. Detached properties here reached purchase prices of up to 5 million euros. Around 60 percent of buyers come from Italy. Clients from Germany make up the largest international buyer group, followed by Austrians. Property buyers are looking in particular for new buildings and renovated apartments with parking facilities. Chalets with a garden or terrace are also highly desirable.
Northeast of Bozen lies the municipality of Bruneck. In the town of Corvara, top prices for freehold apartments were 9,000 euros per square metre. Detached properties here reached prices of up to 3.5 million euros. Other popular areas are Abtei and Sexten/Innichen, where in particular families with children invest in real estate. Most sought-after are premium flats and chalets with gardens or terraces, and a short distance to the lifts. Other important criteria are a good infrastructure and walking distance to top restaurants, luxury boutiques and spa hotels. Here, too, buyers from Italy predominate at around 75 percent, while the majority of international clients come from Germany. Engel & Völkers expects the number of German property buyers to continue to rise in 2019.
In Meran and the surrounding area, 60 percent of buyers come from abroad. The largest international group of buyers are Germans, followed by Austrians and Swiss nationals. In prime locations such as Meran-Obermais, top prices reached up to 4,700 euros per square metre for freehold apartments and as much as 3.5 million euros for detached properties. Buyers are looking for exclusive villas, historic estates with park grounds, prestigious flats or penthouse apartments with upmarket finishes and a peaceful location. A second home in Meran is also an attractive investment for prospective buyers from Italy’s major cities. Property prices have risen by over 5 percent in recent years. Engel & Völkers forecasts a further rise in prices in 2019 for all areas around Meran’s city centre and in the high valleys of the ski and hiking regions.