Real estate on Lake Como: which housing is profitable to buy
The Italian real estate market shows a decrease in rates. However, this picture is not observed in all regions of the country – objects in the resort area only increases in price. For example, real estate on Lake Como has risen in price, which is due to increased demand.
Purchase of housing in this region is a profitable investment. The cost per square meter near Lake Como has increased by 2-3% over the year, and the trend will continue. Demand for real estate is growing, objects in this part of Italy are not delayed in the market. Often, all apartments are sold at the stage of construction of the house and before the active advertising campaign by agents. In contrast to other parts of the country, where housing may be vacant for months or even years. Another region in which the cost of housing is gradually increasing is Sardinia.
The reasons for this activity on the part of investors believe, first of all, that supply does not keep pace with demand. Lake Como is a popular place where rich people like to relax. Many celebrities have mansions here. The place is considered a prestigious resort with developed infrastructure.
Prices for real estate on Lake Como differ depending on the location and type of object. A small stone house, which requires major repairs, will cost at least 20 thousand euros. The apartment can be purchased for 200-300 thousand euros, and the villa – from 800 thousand to 1 million euros. The most expensive area is considered to be the embankment. Here the cost of housing starts from 1.5 million euros and often reaches 40 million euros.
In this region of Italy, a square meter of apartments in a new building is 6-7 thousand euros. If you consider the option of buying an apartment in the house of 70-90s, you can count on 2-2.5 thousand per square meter. Objects, which are in need of reconstruction, will cost 1-1,5 thousand Euro per square meter.
For a square meter in buildings, which 10-20 years need to spend 3-4 thousand euros. In this case, the housing, which is located on the quay, is within 10-20 thousand euros per square meter.
Choosing one or another option to buy a home on Lake Como, you can count on a discount from the seller. Usually they willingly discount about 5%, and if they are lucky – all 30%.
Real estate in this region of Italy is of interest not only to locals, but also to foreigners. Realtors note that in the last 5 years, foreign investors have become more. Most often, real estate is acquired by the British and Americans, as well as actively invest residents of Scandinavian countries, Hong Kong, Saudi Arabia, Switzerland, Germany and France.