investments – ITALY

Italy – real estate at the heart of Europe's premium market

Apartments and villas in Italy – in Mediterranean resorts and regions with the highest tourist profitability

Europe's tourist powerhouse with a real return on its lease

Italy is one of the three most visited countries in the world – stable tourist demand directly translates into high occupancy and predictable rental revenues.

  A market with long-term appreciation of value

Properties in key locations –Tuscany, Lake Como, Sardinia – maintain and systematically increase value regardless of global market fluctuations.

Transparent law
and the eurozone

The EU legal framework, notarized transactions and euro settlements create an investment environment where cash works safely
and predictably.

AVERAGE ANNUAL RATE
RETURN ON RENTAL
UNESCO SITES
IN ITALY
TOURISTS VISITING ITALY ANNUALLY
AVERAGE ANNUAL RATE
RETURN ON RENTAL
UNESCO SITES
IN ITALY
TOURISTS VISITING ITALY ANNUALLY
Colorful cliff houses Sardinia Italy - medieval town with a castle on the Mediterranean Sea, terraced buildings on rocks, typical Sardinian architecture with sea views

Italy as an investment destination – facts that speak for themselves

Learn the arguments that make the Italian real estate market attract capital from around the world

If you can find out how to choose your dream property in Italy and what to look out for, visit our blog!

CHECK OUT THE ARTICLES ON THE BLOG
Medieval town of Tuscany stone streets - cobblestone street with ivy on the walls, borgo medievale with flower pots, authentic Italian travertine architecture

A market that doesn't lose
on the value

Italy has been a member of the the most desirable real estate markets in the world. Limited supply of new developments in historic locations and sustained foreign demand create conditions in which the value of premium properties systematically increases.

Florence panorama sunset - Duomo with Brunelleschi dome and Palazzo Vecchio tower at dusk, golden hour over Tuscany with the Arno River, view of the centro storico Firenze

71 million tourists per year – CONSTANT demand for rentals

Italy is the fifth most visited country in the world with a record 71 million tourists in 2024. Rome, Florence, Venice, Sardinia – property owners in key destinations can count on high occupancy for the vast majority of the year.

Sardinia crystal clear waters with yacht - sailboat in turquoise Costa Smeralda, rocky coast with granite cliffs, luxury sailing in the Mediterranean

Attractive tax system
for investors

Italy offers investors the possibility of settling rental income under a simplified flat-rate tax cedolare secca. In addition, the Italian system provides tax relief for property renovations and modernization, which may significantly affect the overall investment account.

Wild coast Sardinia turquoise water - red rocks with Mediterranean waves, untouched nature of Sardinian coast with green hills, natural rock formations by the sea

The euro area and full property protection within the EU

As a member of the European Union, Italy offers investors full legal security, a transparent land and mortgage register system and a secure currency. The purchase of real estate follows regulated notarial procedures that are understandable and safe for foreign buyers.

Cinque Terre colorful houses at dusk - Italian town with clock tower in the piazza, cafes and restaurants in the main square, purple sky over Liguria at sunset

Market Diversity – From Apartments to Villas

The Italian real estate market offers an exceptional range of possibilities: investment apartments in Milan and Rome, historic palazzo in Tuscany, villas in Sardinia and Sicily and properties on Lakes Como and Garda. Every investor profile will find a tailored strategy here.

Rocky coast Sardinia waves crashing against rocks - wild shores of the Mediterranean with dark basalt, Mediterranean macchia on the cliffs, unspoiled nature of the Italian coast

Growing demand from foreign buyerscH

Italy is attracting more and more wealthy investors from outside Europe looking for premium properties as long-term capital investment. Growing demand with limited supply in top locations works directly to the owners' advantage.

A market that doesn't lose
on the value

Medieval town of Tuscany stone streets - cobblestone street with ivy on the walls, borgo medievale with flower pots, authentic Italian travertine architecture

Italy has been a member of the the most desirable real estate markets in the world. Limited supply of new developments in historic locations and sustained foreign demand create conditions in which the value of premium properties systematically increases.

71 million tourists per year – CONSTANT demand for rentals

Florence panorama sunset - Duomo with Brunelleschi dome and Palazzo Vecchio tower at dusk, golden hour over Tuscany with the Arno River, view of the centro storico Firenze

Italy is the fifth most visited country in the world with a record 71 million tourists in 2024. Rome, Florence, Venice, Sardinia – property owners in key destinations can count on high occupancy for the vast majority of the year.

Attractive tax system
for investors

Sardinia crystal clear waters with yacht - sailboat in turquoise Costa Smeralda, rocky coast with granite cliffs, luxury sailing in the Mediterranean

Italy offers investors the possibility of settling rental income under a simplified flat-rate tax cedolare secca. In addition, the Italian system provides tax relief for property renovations and modernization, which may significantly affect the overall investment account.

The euro area and full property protection within the EU

Wild coast Sardinia turquoise water - red rocks with Mediterranean waves, untouched nature of Sardinian coast with green hills, natural rock formations by the sea

As a member of the European Union, Italy offers investors full legal security, a transparent land and mortgage register system and a secure currency. The purchase of real estate follows regulated notarial procedures that are understandable and safe for foreign buyers.

Market Diversity – From Apartments to Villas

Cinque Terre colorful houses at dusk - Italian town with clock tower in the piazza, cafes and restaurants in the main square, purple sky over Liguria at sunset

The Italian real estate market offers an exceptional range of possibilities: investment apartments in Milan and Rome, historic palazzo in Tuscany, villas in Sardinia and Sicily and properties on Lakes Como and Garda. Every investor profile will find a tailored strategy here.

Growing demand from foreign buyerscH

Rocky coast Sardinia waves crashing against rocks - wild shores of the Mediterranean with dark basalt, Mediterranean macchia on the cliffs, unspoiled nature of the Italian coast

Italy is attracting more and more wealthy investors from outside Europe looking for premium properties as long-term capital investment. Growing demand with limited supply in top locations works directly to the owners' advantage.

investments – Italy

Our offers

Our portfolio includes unique villas in the most beautiful regions of Italy, apartments from the primary market in modern development investments, and apartments in the most desirable locations – from cities to seaside resorts and the vicinity of famous lakes. Contact us to find out the current offers selected for your investment profile.
Interior of the villa, Appenino region stone vaults - traditional architecture with brick arches and wooden beams, rustic Italian style with stone walls, luxurious dining room in the historic villa
Contact us, or arrange a consultation to talk about available properties that fit your goals and needs.
Contact us
Schedule an online meeting

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Villa with pool Sardinia from drone - luxury property with arcades and solar panels in olive grove, Mediterranean villa in Sardinian hills landscape, exclusive residence with garden
Budoni House Sardinia Jacuzzi on terrace - renovated, stylish property for sale with a panoramic view of the hills, minimalist design with a round spa pool, luxury villa, house with views of the landscape and the sea
investments – ITALY

Our offers

Our portfolio includes unique villas in the most beautiful regions of Italy, apartments from the primary market in modern development investments, and apartments in the most desirable locations – from cities to seaside resorts and the vicinity of famous lakes. Contact us to find out the current offers selected for your investment profile.
Interior of the villa, Appenino region stone vaults - traditional architecture with brick arches and wooden beams, rustic Italian style with stone walls, luxurious dining room in the historic villa
Contact us, or arrange a consultation to talk about available properties that fit your goals and needs.
Contact usSchedule an online meeting
Budoni House Sardinia Jacuzzi on terrace - renovated, stylish property for sale with a panoramic view of the hills, minimalist design with a round spa pool, luxury villa, house with views of the landscape and the sea

Subscribe to our newsletter and receive information about new investment opportunities in foreign markets!

Villa with pool Sardinia from drone - luxury property with arcades and solar panels in olive grove, Mediterranean villa in Sardinian hills landscape, exclusive residence with garden

basic information about Italy

I Introduction to the region and basic information

Italy is one of the few markets in Europe where properties in top locations have held value for decades despite global crises. Adding to this a favorable tax system for foreign investors, wide availability of credit by Italian banks and a developed rental management market, we get a market that offers not only prestige but real, quantifiable conditions for building long-term assets.

The Italian market is extremely diverse. Milan and Rome are stable markets with strong long-term demand from students, expats and companies. Tuscany, Lake Como and Sardinia attract wealthy foreign buyers and generate high returns from short-term rental. Sicily and the south of Italy offer lower purchase prices with increasing tourism – greater potential for value appreciation with higher risk. The optimal choice depends on the investment strategy and time horizon.

Yes, especially in the premium segment and in key tourist locations. Despite nationwide property prices rising more slowly over the years than in other EU countries, this is precisely what has made Italy avoided market overheating. Since 2024, there has been a clear recovery — prices of new investments have increased by nearly 9.4%, and demand from foreign buyers is systematically growing.

Yes, without any restrictions. As an EU citizen, a Pole has the full right to purchase real estate in Italy –both on the primary and secondary markets – on the same terms as an Italian citizen. The transaction takes place in the form of a notarial deed and is registered in the public real estate register, which ensures full protection of title.

II Logistics and practical aspects of travel

Italy is one of the best connected countries in Europe with Poland. Direct flights operate from Warsaw, Krakow, Wroclaw, Gdansk and Katowice to Rome, Milan, Venice, Bologna and Palermo. The flight time is between 2 and 2.5 hours, making Italy one of the logistically closer foreign markets available from Velora Estate. Some people also choose to travel by car this is an additional communication convenience.

It depends on the purpose of the visit. In large cities, Rome, Milan or Florence, public transport or taxis are more efficient. A car becomes essential when browsing properties outside the city center, in Tuscany, by the lakes or on the coast. Italy has a well-developed motorway network, and renting a car directly at the airport or online in advance is no problem for European driving licence holders.

Italy belong to the eurozone, so all transactions – both daily purchases and payments related to the purchase of real estate – are made in euros. For the Polish investor, this means full cost transparency without additional currency converters and exchange rate risk at any stage of the investment.

III Formal aspects of the purchase of real estate

 The process consists of four main stages. The first one is written purchase offer (Proposta d'acquisto)  once it is accepted by the seller, both parties are legally bound by it. Then it is signed preliminary agreement (Compromesso), which specifies the price, transaction terms and payment schedule – the buyer then pays an advance of 10-20% of the price. If the buyer withdraws at this stage, he loses the advance payment; if the seller – refunds it twice. The next step is involvement of the notary (Notaio)  an independent legal body acting on behalf of both parties, which the buyer has the right to choose independently. The whole thing finalizes notarial deed (Horn)  after signing it and settling the payment, the buyer receives the keys.

The requirements are minimal. Essential are a valid identity document and an Italian tax number  codice fiscale  which can be obtained from the Italian Consulate in Poland or directly from the Italian Tax Office. In the case of credit financing, additional opening of an Italian bank account. As an EU citizen, a Pole does not need any additional permits to purchase real estate in Italy.

Taxes depend on whether you are buying the property as a main residence or second home, and whether the seller is a private individual or a developer. When purchasing a second home from a private individual registration tax is 9% of the cadastral value. When purchasing from a developer VAT applies at 10% (or 22% for luxury properties). In addition, there are notarial costs and a standard agency commission of 3–4% in Italy, paid by both parties to the transaction. The total additional costs above the purchase price are worth estimating at 10–15% of the property value.

Yes in both cases. Remote purchase is possible by appointing a representative – a notarized power of attorney is enough to carry out the entire process without appearing in person in Italy. Bank financing is available to foreigners – Italian banks offer mortgages up to 70% of the property value, provided that the buyer's total credit obligations do not exceed approximately 35% of the gross of its income. The loan agreement requires separate notarial registration (atto di mutuo).

IV Financial aspects of investment

The average gross rate of return on leases in Italy is around 7–7.5% per year, but the results are highly dependent on the location and leasing model. Short-term rental in tourist destinations, such as Rome, Florence, Venice, the Sicilian coast, Sardinia, allows for returns exceeding 7% gross, but requires active management and is associated with a certain seasonality. Long-term rental in academic cities Bologna, Padua, Milan – generates lower rates but provides stable, predictable revenue year-round. The choice of strategy should be based on the investor's profile and readiness for operational involvement.

The main tax on property ownership is IMU — municipal tax charged on cadastral value, applicable to owners of second homes and investment properties, including non-residents. The rate is determined by each municipality individually – it is usually between 0.4% and 1.06% of the cadastral value per year. In addition to fixed costs, there are utility fees, property insurance and – in the case of management by an external company – a commission for servicing the lease, usually at the level of 20–25% of short-term lease income.

Yes, the Italian real estate market in key locations is systematic increase in value, and demand from foreign buyers remains strong. Profit from the sale of real estate made in the first five years after purchase is subject to capital gains tax of 26%. Five years after acquisition, sales are exempt from this tax, making Italy an attractive market for investors with a medium- and long-term horizon.

V Professional support and additional services

Involvement of a lawyer is not formally mandatory in Italy only a notary is mandatory. In practice, however, for a foreign investor, the presence of an independent lawyer is strongly advisable. The notary acts as a neutral public authority and does not represent the interests of either party – its role ends with the authentication of the deed and the settlement of taxes. A lawyer, on the other hand, works exclusively for the buyer: verifies the legal status of the property, checks compliance with construction and planning regulations, analyzes contracts and protects the customer's interests at every stage of the transaction. This is an area where saving on fees can be expensive.

Most property owners in Italy use services of local management companies, which take over all operational services – marketing and reservations, contact with guests or tenants, cleaning, minor repairs and billing. Thanks to this the investor can fully benefit from the income without the need for personal involvement into day-to-day management. Velora Estate works with trusted local partners in Italy – we help you choose a management company tailored to your specific location and rental model.

Our the cooperation does not end when the notarial deed is signed. We help organize property management by trusted local partners, refer you to specialists in tax and administrative matters, and remain available at subsequent stages of the investment – whether for rental, possible sale, or expansion of the portfolio to include additional markets. One partner throughout the life of the investment is the foundation of the model in which we operate.

Our locations

  • Cobblestone street in Sardinia, Italy with shutters - stone surface with mosaic in the center, cream facades with green persians, typical Mediterranean architecture with flower pots
    SARDINIA
  • Diamante Calabria balconies - typical architecture of southern Italy at the golden hour, colorful buildings with terraces and blinds, a city of murals on the Tyrrhenian coast
    CALABRIA
  • Salerno Cathedral courtyard with arcades - Romanesque bell tower of the Duomo di Salerno in Campania, medieval monasteries with stone arches, Norman architecture of southern Italy
    CAMPANIA
  • Orange facades with balconies Italy - traditional architecture with shutters and arcades, colorful buildings in northern Italy with decorative balustrades, Mediterranean architectural style
    EMILIA-ROMAGNA