Italy » Rental Market

The booming tourism industry presents an encouraging sign for the buy-to-let market of Italy. Despite the economic crisis the real estate rental market of Italy is showing no signs of deceleration. Being the 5th most popular destination in the world Italy attracts a lot of tourists. Italian holiday makers spend a lot of time exploring their own country consequently creating a demand for rental accommodation.

Apart from the large cities, rural tourism is also witnessing an increasing trend. The added advantage for those interested in renovating Old Italian houses is that the government provides grants for such renovation projects in rural areas. There are not only foreign tourists giving a boost to Italy’s rental market but there is also a strong internal demand.  Italians are quite fond of travelling within their country thereby a buy-to-let investment in Italy is a safe option. The rental yields in northern Italy and around the lake are quite attractive plus they provide the opportunity to earn rents in the summer season as well as the winter holidays. The real estate agents in Italy predict that south of Italy has a lot of opportunity for development and seems to be the most promising Italian rental market.

Finding accommodation to buy or rent in Italy is not a difficult task as the rental market of Italy has every kind of property for offer. In major cities like Rome and Milan, rents are high as there is strong demand but not enough accommodation to meet the growing demand. The areas in southern region like Calabria are receiving increased attention thereby creating great prospects for the  rental market.  For a short stay a flat or a furnished house is a convenient option. A furnished house in Italy includes all the regular furnishings.

The costs for rents in Italy vary according to the location, size, quality and facilities the property offers. The prices also vary according to the market rates. The rental cost in Italy is not fixed and can be negotiated.