The pandemic has redefined priorities and assigned a new value to living space. It is no coincidence that the national real estate sector has undergone a reconfiguration, not so much in terms of prices, but in terms of preferences in purchasing choices.
In particular, while the cities by the sea have suffered a decline, the demand for houses by the lake is increasing, as are their prices.To make the pricing situation even more favorable is the general improvement in conditions linked to the pandemic, which has fostered a climate of greater optimism, with the desire to return to investing and seeking better housing solutions.
But let's find out why buying a house at Lago Maggiore today could be a winning choice.
A recent New York Times article highlighted an interesting real estate trend: international buyers prefer buying a house on the lake in Italy. But that's not all: overseas investors show that they prefer the locations around Lago Maggiore to those near other more luxurious and popular Lombard lakes.
In general, the reason lies in a greater attention to factors such as price, but also in the search for places where life is more sustainable and peaceful. Two other features that make houses for sale Lake Maggiore more attractive to buyers, especially foreigners (mostly from Germany, Switzerland, Great Britain and the United States), are the large spaces and greater privacy compared to other localities that are more touristy and fashionable.
Last but not least, there is the undeniable charm of a perfect place for a getaway out of town all year round, where you can enjoy the coolness of the lake in summer and the beauties of the mountains in winter.
All in all, the Italian real estate market has withstood the pandemic well. Although the rental sector suffered a setback, albeit with some exceptions, the sales sector was less affected by the crisis. Prices of houses for sale across the country increased 2.6% in 2020 from the previous year.
One of the data that stands out most from the most recent statistics attests that, while the larger cities such as Milan and Rome seem not to have been affected by the Covid effect, the seaside cities have recorded a slight drop in prices (-0.5%) , all to the advantage of mountain destinations and the great Italian lakes which recorded an increase (+ 0.3%).
What are the types of properties preferred by those who aim to buy a house by the lake? Definitely two-room and three-room apartments with lake view, perfect as an investment for buyers from Lombardy and Piedmont looking for a holiday home.
The demand for independent apartments and houses on the lake and in good condition, to be purchased as a first home and ready to live in, is also increasing. For a year now, the most sought-after solutions with garden, terrace or large outdoor spaces have been confirmed. On the other hand, it is mainly the luxury lake view properties that attract foreign investors, especially those of great artistic value and equipped with the latest generation systems, able to ensure comfort and tranquility.
In order to discover the most beautiful houses for sale Lake Maggiore, ask for an appointment with our Engel & Volkers agents.
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Mon - Fri 9/13 - 14/18 Sat 9/13 Sunday - On appointment
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