Investments in Italian housing: advantages of small towns
Real estate in major European cities is steadily growing in price. This trend plays into the hands of investors, but for ordinary citizens it creates difficulties. In search of cheap apartments and houses they move to suburbs or small settlements. Italy is no exception; the market is actively developing here both in megacities and small towns, especially since the nature and convenient location of the country makes every corner attractive for tourists and locals. And if you move a little away from Milan, you can find great cities that allow you to earn money on real estate. We recommend that you pay attention to investment in housing in Italy.
At a distance of 50 km, which separates Malpensa airport from the capital of the country, there are several small towns and villages that may be interesting for investment. For example, in the city of Rho are regularly held international exhibitions from the world of fashion, cars, Legiano is rich in outlets of famous designers and has a museum of cars, in Gallarate there is a huge museum, where masterpieces of modern art are collected.
The city of Busto Arsizio deserves special attention. It is located 20 km from the airport, through which about 7 million passengers pass annually. Nearby there are the popular mountain lakes Como and Garda, and Maggiore borders with Switzerland. It is a great place to spend winter holidays, skiing and admiring the snow-capped mountain peaks. Another advantage of the city is the Ligurian Sea coast, which can be reached in just 30 minutes. And if you get tired of being united with nature, then you can go to Milan, enjoy the architecture or spend time in shopping centers.
The population of Busto-Arsicio is 80 thousand people. It is a small town, cozy and atmospheric, like the whole Italy. In addition to traditional narrow streets and old houses, there are schools and hospitals, supermarkets, restaurants and nightclubs, a modern soccer field and swimming pool.
It is profitable to invest in housing in Busto Arsizio. If an apartment in Milan of 50-70 sq. m. costs 100 thousand euros, you can buy similar real estate in the town for 30 thousand euros. Luxurious apartments in the center of Busto Arsicio will cost 50-70 thousand Euro. The average cost per square meter here is 800-1300 euros, and in Milan – 1400-1500 euros.
The most popular among tenants is real estate in the center, where the infrastructure is well developed. In addition, the town has a mild climate, due to which the objects are well preserved, and the secondary market has quite a lot of decent offers at a small price.