Why investing in a rental property in Puglia
- 11 October 2019
- Investing in Puglia
In recent years, after a long period of stagnation, in Italy is taking place a rebirth of the real estate market. Above…Read More
Puglia is the “best real estate market in the South of Italy“: various indicators certify it, including the trend of house sales and the significant presence of investors, often foreigners. The experts, on the basis of this combination, estimate that – after the improvements in trade seen in past years, “in 2020 Puglia will be the first region of Southern Italy for increasing the number of sales and will remain at the top of the ranking also in Italy”. This is the scenario illustrated at the “Forum del Sud – Investing in the territory to relaunch the country” which had as its main topic “Innovating towns and tourism”.
The itinerant Forum, organized by Scenari Immobiliari in collaboration with Cassa Depositi e Prestiti, was held in Bari last autumn. Puglia already shows a trend higher than in other regions in terms of sales, with an increase of 2.3% in the last ten years. As regards the prediction for 2020, in Puglia is expected the sale of 36,500 houses, an increase of 6.7%.
Puglia is also the first destination for foreigner buyers, compared to Tuscany and Lazio. According to Scenari Immobiliari, this region was chosen by 1,600 foreigner investors, equal to 22.6% compared to a total of 7,100 (about half of these trades concerned Salento). Overall in Italy, between 2010 and 2019, around 10,500 buyers from
abroad bought a house for tourist use in Puglia: someone to use it only for the holiday period, others for shorter or longer transfers, others as an investment. In total it is expected a total income of over three billion. It is also worth mentioning the performance of the region compared to the national average: from 2010 to 2019 the share of foreigners who bought a house in Puglia increased by 129.6% (compared to 73% recorded in the rest of Italy).
Those interested, therefore, should take advantage of the moment to buy a house in one of the most beautiful regions of Italy, which offers a mild climate, one of the richest ‘cooking’ in the country, a very warm welcome and property prices still quite low but which tend to rise.