Italy is becoming an increasingly attractive destination for foreign
real estate investors thanks to its relaxed lifestyle, climate, history
and heritage, according to the latest study released by Savills.
The Savills Prime Residential Retreats
study, released this week, stated that whilst the domestic Italian
market has been subdued due to the Eurozone crisis, there is still a
strong demand from international buyers looking for la dolce vita.
Russians
and South Africans are amongst Italy’s most prolific international
buyers, as are a growing number of French nationals, some of whom are
looking to escape the threat of rising taxes back home. Chinese buyers
have also flocked to Italy looking for lifestyle properties, moving on
from snapping up bottles of fine wines to buying whole vineyards.
Dawn
Cavanagh-Hobbs, founder of Le Marche-based Appassionata, said: “Italian
properties offer so much more than just bricks and mortar; they offer
the chance to step into a dynamic, living painting, to truly experience
the Italian way of life. With so many fascinating and beautiful places
to visit in Le Marche, even a lifetime simply isn’t enough to see
everything that this stunning region has to offer.”
With their
international buyers in mind, Appassionata is offering luxury lifestyle
properties with all the extras – olive groves, vineyards, a lavender
plantation and a truffle orchard from which owners share in the bounty
that these produce.
Cavanagh-Hobbs added: "Keen to make
owning a slice of the real Italy as accessible and hassle free as
possible, we have adopted the fractional ownership model. Each owner
gets to use their chosen home for five weeks of every year while we take
care of all aspects of the upkeep, including maintenance of the five
acre estate in which the houses sit."
One example is the
five-bedroom, five-bathroom Casa Leopardi (pictured) which has one share
left for sale at £195,000. With its own private pool and gym, and
surrounded by terraces for outdoor dining, the property offers a level
of luxury that most holiday homeowners can only dream of.
For
those who can’t stretch to buying their own Italian villa and vineyard,
and who don’t fancy becoming slaves to a holiday home that requires
maintenance the moment they arrive, Casa Leopardi offers the perfect
solution.
Andrew Batt, International Group Editor of PropertyGuru Group,
wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
Our editors’ pick of recent stories you may have missed:
High-end property prices to drop by 4% by Q4
Property industry salaries declined in 2013
HDB resale prices down 1.5% in Q1
If you have a property story you want us to publish email andrew@propertyguru.com.sg