Piedmont and the Aosta Valley in the north are famous for their ski resorts, such as Courmayeur and Sestriere. Rental property is profitable in Turin, Piedmont’s tourist and administrative centre, where rental apartments can bring in upwards of €500 per week. Villas in the lake districts of Lago Maggiore and Orta also attract foreign investors, especially during the summer when rental property is in highest demand.
Overseas buyers have always taken interest in Lombardy, the richest and most densely populated region of Italy. So much so that one in every ten properties here is purchased by a non-resident. Real estate might be expensive but the investment is worth it with rental apartments starting at €2,000 per month. Whether it be new developments or renovated palazzo, flats in Milan and property around Lake Como near the Swiss border are particularly popular.
Tuscany draws foreign buyers too. Forte dei Marmi is regarded as a very prestigious property location.
Property is more expensive in the north of Italy while at the same time but it’s also easier to obtain a mortgage there. For instance, a one-bedroom apartment in Liguria costs €250,000–300,000, whereas the same in Italy’s southern region of Calabria is being sold for €70,000–100,000.