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 home owners 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
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