Italy after the two year Covid crises is in a very dynamic recovery phase. European Funds are healing the economy, guaranteeing a growing purchase power on the market.
Yet at this stage, after economic crisis, you can buy real estate properties at a price much more favourable than in most European cities still not recovering from the rental market decline due to lack of tourism targeted to big cities. Rural areas here, near the cities just like this particular area are revalued and are amongst the best real estate investments now.
Rental market is constantly growing and very active in Northern Italy. International tourism business is flourishing near the lakes, and not only in summer but all year round around lake Iseo, as Franciacorta is considered the Italian Champagne region. Wine and gastronomy are all year round attractions, apart from natural beauty like eg. world famous Monte Isola.
Rental business is not depending only on tourism, as the nearby cities Milano, Bergamo, Brescia consider this area astheir residential hinterland, ideal for employees often in home office for companies operating in cities. Short or long term rental are both popular in this area, and a return of at least of 5% on the investment can be expected. Moreover, if you rent it for tourists in summer, you can use the property for the rest of the year for your holiday.
In Italy ownership of a house property is neither a clear preference nor a possibility for many people like in other countries eg. Hungary. People here tend to be more flexible in moving in land for jobs etc,keeping real estate rental market a very dynamic one.
An average price of a square meter is yet almost half or even one third compared to prices in certain European city outskirts...