Estates market trend and why to buy in Central Italy
Buying a real estate for sale in Italy today is to invest your earnings in a property of sure value, enjoying a period of unprecedented drop in prices – real estate prices have already fallen by 9% since 2011 (for a total of approximately 25% since 2008) – whose end is scheduled for early 2014.
The decline in real estate sales in Italy due to the economic crisis is around 25.8% in just one year from 2011 to 2012: this factor, in conjunction with the fact that Italian banks very difficult provide mortgages to the people, has meant that opportunities to buy a property in Italy would increase for foreigners.
The only growth market in this field was that of the luxury property, of which 33% is about the rural areas of central Italy.
Why the center of Italy?
Well, let’s start by saying that the most famous Italian regions in the world for the quality of life, for its art and culture, for culinary excellence, for the convenience and for the connection to the main communication routes are Tuscany and Umbria. Because of these characteristics is increasing the number of tourists who moves into these regions, buying home or, in a more forward-looking, buying a structure that can be transformed in a business: the farmhouses in the countryside are the perfect synthesis of the best that you can find in Tuscany and Umbria, because they allow you to live in the open air, to consume foods self-produced, and can be turned into b&b, agritourism and farms.
One of the most interesting trends in this area sees the transformation of farmhouses in real educational farms, which stimulate the culture and knowledge and give one more reason to Italian and foreign families who visit the region to stay at the property.
The target of social farms for the internal market is primarily educational, with a prevalence of half-day visits (61%); educational farms are frequented mainly by elementary schools (44%), followed by nursery schools (25%): in the school year 2012/2013 Agriturist estimates there will be 1 million students in school of agriculture (+3%), but the petting zoo also appeals to adults (9%).