The best regions of Italy for living and investing

Choosing a place to live and invest is a decision that requires a balanced approach. Italy, a country with a rich history, stunning nature and a developed economy, offers many options. Italy is a country that attracts with its history, architecture and cuisine. However, having moved to live in this country, many are faced with the question of choosing a city. But which cities are the most attractive in 2024?

It is important to note that citizens of EU countries buy real estate in Italy on an equal basis with Italians. Other foreigners have the right to buy properties if their country sells real estate to Italian citizens. Otherwise, there are no restrictions for foreigners

The buyer can be a private individual, a company or a construction firm. It is allowed to purchase residential and commercial properties, as well as a land plot for development.

The best regions for buying real estate. The choice of location of the property depends on the buyer's goals. Economically developed regions are in the north of Italy - Lombardy, Piedmont, Liguria, Venice. Here, the cost per square meter of real estate is higher than in the south.

In large cities of Italy - Rome, Milan, Naples, Turin - businessmen, investors and married couples with children buy houses and apartments. The megalopolises have convenient infrastructure, there are many clinics and educational institutions nearby.

Small towns and villages are chosen by lovers of silence and measured life. Often in such regions, investors buy real estate for one euro. This is a national program of Italy to restore the historical appearance of rural areas. Buyers are required to repair the house and pay taxes.

Milan is not just a city, it is synonymous with style, fashion and business activity.

Its position as a leader among Italian cities for living and investing is confirmed by the data of the last years.

Over the last 2 years, Milan has attracted about 40% of all investments in real estate in Italy, demonstrating stable and sustainable growth of the market.

This growth is directly related to the increase in population, which creates a high demand for housing and commercial real estate, stimulating business.

The advantages of Milan are obvious:

• Economic center: Milan is the financial, business and fashion center of Italy, offering a wide range of high-paying jobs (the average salary in the fashion, finance and trade sectors starts at $2,500 per month).
• Education: The city is rich in prestigious universities and educational institutions, attracting talented professionals from all over the world.
• Infrastructure: A developed transport network, including an efficient metro system and airports, ensures comfortable travel.
• Quality of life: Low crime rates, attention to the environmental situation (increasing green spaces), a rich cultural life and many attractions make Milan an attractive place to live.
• Real estate market: A favorable situation on the real estate market with constantly rising prices guarantees profitable investments. You can find a suitable property in Milan, for example, on our website.

In contrast to the dynamic Milan, Aosta offers a peaceful life surrounded by Alpine landscapes.

This small city (about 35,000 inhabitants) attracts wealthy investors who want to buy real estate in a picturesque corner of Italy.

Advantages of Aosta:

• Tranquility and nature: Alpine landscapes, clean air and a quiet atmosphere are ideal conditions for those who value tranquility and closeness to nature.
• Real estate: The opportunity to purchase real estate in both historical buildings and modern complexes.
• Decent standard of living: The average salary in 2020, including taxes, was $ 1,670, which is a good indicator for a small city with a developed service sector.
• Tourism: The proximity to ski resorts ensures a stable flow of tourists, which has a positive effect on the local economy and real estate market.

Macerata is a small town (about 50,000 inhabitants) that offers a unique combination of historical charm and comfortable living. Its medieval quarters, which have preserved their authentic color, attract tourists, but do not overcrowd the city to an unbearable level. This is a huge plus compared to overcrowded Venice or Rome.

Advantages of Macerata:

• Calm atmosphere: The absence of mass tourism ensures a calm and comfortable life.
• Mild climate: In summer, the temperature rarely exceeds +22°C, in winter it does not fall below +5°C. An ideal option for those who do not like extreme heat or cold.
• Excellent ecology: A small town with a developed green area.
• Developed infrastructure: Despite its small size, Macerata has a well-developed transport system and services.
• Available products: The cost of living is lower than in many other Italian cities.
• High income level: The average salary after taxes exceeds US$2,000 per month, which is a significant figure.

Disadvantages of Macerata:

• Limited business opportunities: The job market is smaller than in larger cities, so business opportunities are more limited.
• Fewer cultural events: Compared to Florence, the choice of cultural events and entertainment is more limited.
• The choice between Milan and Aosta depends on your priorities. Milan offers a dynamic life, career opportunities and prospects for profitable investments in a booming city. Aosta is a refuge for those who value tranquility, natural beauty and prestigious real estate in a quiet alpine paradise.

Florence is a world center of tourism, haute couture and art. Its historical heritage, world-class museums and vibrant cultural life attract millions of tourists every year.

Advantages of Florence:

• Huge tourist flow: This creates a large number of jobs in tourism, services and entertainment.
• Business opportunities: Florence offers ample opportunities for business development in various fields.
• Rich cultural life: Concerts, exhibitions, festivals – Florence never sleeps.
• Developed transport network: It is easy to get to any point in the city and beyond.
• Climate at the junction of the tropics and subtropics: Although the summers are hot (+30°C), the winters are mild.

Disadvantages of Florence:

• High cost of living: Real estate is very expensive, making it expensive to live in the city.
• Mass tourism: Large numbers of tourists can create discomfort and noise.
• Average income: Although the average income after taxes is about $1,900 per month, the high cost of living reduces the real level of wealth.

Macerata is ideal for those who value a quiet atmosphere, mild climate and affordable cost of living. Florence is the best option for those who love a dynamic life, a rich cultural program and great business opportunities, despite the high cost of living. In any case, both cities offer a unique Italian experience and can be great places to live and invest.

Many people know the city as the place that gave birth to the famous “Bologna process”, which transformed the education system in many countries.

However, in fact, Bologna is interesting not only as an educational center, there are plenty of other attractions here.

And the city is simply very beautiful, has a favorable climate. And in general, it is quite comfortable to live in.

Advantages of Bologna:

• moderate climate;
• good ecological conditions;
• excellent opportunities to get a great education;
• world famous Bolognese cuisine;
• well developed service, tourism and education sectors, there is an opportunity for employment and salary from 1,600 dollars (after taxes);
• low crime rate;
• affordable products;
• constantly developing transport system.

Parma is one of those cities whose advantages are noted not only by migrants, but also by Italians themselves. The climate here is very mild: in summer the air temperature does not rise above 25 C, and in winter it does not fall below 6 C. So there is no need to worry about sudden jumps. In addition, heavy precipitation rarely falls in the city and its surroundings. And at the same time, thanks to green spaces, the humidity level does not drop too low.

Advantages of Parma:

• very mild climate;
• all the strengths of a small city (the population of Parma is 200 thousand people);
• opportunity to find employment in mechanical engineering, perfumery, pharmaceuticals, in the food industry or in the service industry;
• affordable prices for food, including delicacies;
• well-developed transport;
• excellent opportunities for sports and a healthy lifestyle in general;
• developed cultural leisure.

Turin, the fourth largest city in Italy, is attracting investors’ attention due to its affordable property prices. The city, known for its rich historical heritage and cultural diversity, is becoming increasingly popular among students from all over the world, which leads to high demand for rental housing.

Advantages of investing in Turin:

• Low prices for purchasing real estate compared to other major cities in Italy.
• High demand for rental housing due to the large number of international students and academic institutions. Growing interest in Turin among citizens of the CIS countries, providing a constant flow of potential buyers and tenants.