Nestled beneath the Alps and fringed by elegant waterfront towns, Lake Como is one of Italy’s most sought-after locations for international buyers. A long-time favourite of A-listers from Charles Dickens to George Clooney, the area blends cinematic scenery with a busy calendar of cultural events and festivals — a combination that keeps demand high among lifestyle buyers and investors alike.

Thanks to excellent connections via Milan’s airports and motorway/rail links, it’s easy to reach from the UK and across Europe, and with ski resorts on the doorstep you can pair lakeside living with winter slopes.

If you’re weighing up Lake Como for a holiday home, relocation or a buy-to-let, you’ll find plenty of practical guidance here. Start with our overview of property investment in Italy and the latest 2025 rental rules. For costs and budgeting, see the costs of buying in Italy, updated tax rates for 2025, and how to get a mortgage in Italy. When you’re ready to take action, our guides to finding an estate agent, choosing a property lawyer, and the step-by-step buying process will help you move forward with confidence.

Contents

• • Why you should be buying property in Lake Como
  • Property types and what you can get for your money
  • Best towns and villages around Lake Como
  • Getting there and connectivity
  • Investment potential, taxes and rental market
  • The buying process in Lake Como
  • How much it costs to buy in Lake Como
  • Frequently asked questions

Why you should be buying property in Lake Como

Lake Como is one of Italy’s most prestigious destinations, known worldwide for its dramatic scenery and elegant lifestyle. International buyers are drawn here not just by the spectacular alpine backdrop and glittering blue waters, but also by the lifestyle benefits that come with owning a home in one of Italy’s most exclusive regions. Whether you are seeking a second home, a rental investment, or a base for retirement, Como offers year-round appeal.

Breathtaking scenery and lifestyle

There are few landscapes in Europe that rival Lake Como’s combination of mountain peaks, wooded hills and tranquil waters. Its timeless charm has made it a favourite with celebrities and artists for centuries. For buyers looking for a property with a view, villas and apartments around the lake provide some of the most iconic panoramas in Italy.

Tremezzo, a popular location for buying property on Lake Como

Excellent connectivity

Despite its serene feel, Lake Como is highly accessible. Milan is just 40 minutes away by train or around 90 minutes by car, making it easy to combine lakeside tranquillity with city living. Milan’s two airports provide excellent links to the UK, Europe and beyond, while overland connections across the Alps make Como a practical base for both business and leisure. For more on convenient locations, explore our feature on Italian cities just 10 minutes from an airport.

Luxury appeal and property values

Lake Como consistently ranks as one of Italy’s top-performing luxury real estate markets. According to recent wealth reports, prices continue to rise along its shores, with premium villas starting from around €8,000 per square metre. Yet it’s not only a playground for the ultra-wealthy — move slightly uphill or into lesser-known towns and you can still find charming village homes or apartments from under €300,000. If you’re interested in comparing property styles across the country, see our overview of types of properties in Italy.

Year-round activities

From summer sailing and waterskiing to winter skiing in nearby resorts, Lake Como is a destination that offers something in every season. Hiking, cycling and boating are all part of everyday life, and cultural events and festivals keep the social calendar full. For those considering lifestyle as much as investment, Como offers both outdoor adventure and refined Italian living.

Strong investment and rental potential

As one of Italy’s most internationally recognised locations, demand for short-term rentals is strong around Lake Como. Updated rental rules for 2025 make it essential for overseas owners to stay compliant, but with the right management, properties here can generate attractive returns. For longer-term considerations, see our guide to property investment in Italy.

Property types and what you can get for your money

Lake Como’s property market offers a mix of luxury lakeside villas, hillside homes with panoramic views, and charming village apartments. While the area has a reputation for high-end real estate, there are options to suit a range of budgets depending on location and property style.

Check out some properties for sale around Lake Como on Your Overseas Home.

Waterfront villas and apartments

The most coveted properties are those directly on the lake, often historic villas with landscaped gardens, private boat docks and sweeping views. These command premium prices, starting from around €8,000 per square metre and rising significantly for iconic properties in hotspots such as Bellagio or Cernobbio. Modern waterfront apartments also offer lock-up-and-leave convenience, particularly appealing to international buyers. For comparisons across the country, explore our full guide to types of properties in Italy.

Historic villas around Lake Como

Hillside homes with views

If you’re willing to look a little further uphill, the market becomes more accessible. Traditional stone houses and restored farmhouses can be found from under €300,000, many with terraces or balconies offering stunning lake views. These homes often combine rustic charm with modern upgrades and are particularly popular with buyers seeking year-round residences or retirement bases. See also our guide to finding affordable property in Italy for practical tips on spotting good-value opportunities.

Village apartments and townhouses

Como’s lakeside towns — from Varenna and Lecco to Menaggio and Tremezzo — offer plenty of character apartments, townhouses and period properties. Prices vary depending on proximity to the water and amenities, but you can expect to pay less than for direct waterfront locations. Properties in historic centres are in demand for holiday rentals, while hillside villages often provide larger homes with outdoor space at more modest prices. Our recent feature on finding your perfect property in Italy gives more insight into choosing the right match for your lifestyle.

New builds and renovation projects

Although much of the market is historic, there are occasional new-build developments, often designed with eco-friendly features and modern layouts. Renovation projects — ranging from partially modernised houses to full restorations — also come to market, providing an opportunity to create a bespoke home. Before committing, read our advice on essential property checks before buying in Italy and fitting out your Italian home to budget for works and furnishing.

Lake Como property prices at a glance

Best towns and villages around Lake Como

Each part of Lake Como offers its own personality, from elegant historic centres to peaceful hillside retreats. Whether you’re looking for a lively town with amenities, a romantic lakeside village, or a rustic escape with panoramic views, there’s a corner of Como to suit every buyer.

Como city

The lake’s namesake city is vibrant, historic and well-connected. With its Gothic cathedral, bustling piazzas and stylish shops, Como combines Italian charm with urban convenience. Its proximity to Milan (just 40 minutes by train) makes it popular with commuters and second-home owners alike. If you’re considering other urban Italian options, take a look at our feature on Italian cities just 10 minutes from an airport.

Bellagio

Known as the “pearl of the lake,” Bellagio is one of Lake Como’s most famous destinations. Its cobbled lanes, fine dining and luxury boutiques make it a magnet for international visitors. Property here is at a premium, with lakeside apartments and villas commanding some of the highest prices in the region.

Varenna

On the eastern shore, Varenna offers a quieter, more traditional feel. With its pastel-coloured houses, stony beaches and charming harbour, it’s ideal for buyers seeking authenticity and natural beauty. The castle of Vezio above the town provides spectacular views across the lake. For more ideas on Italy’s coastal gems, see our article on Italy’s seaside towns with scenic harbours.

Lecco

Situated at the south-eastern tip of the lake, Lecco combines lakefront living with a dramatic mountain backdrop. It has centuries-old villas, leafy parks and excellent transport links. Lecco offers better value than hotspots like Bellagio, while still providing plenty of amenities.

Hillside villages

For those seeking panoramic views and more affordable options, hillside villages such as Brunate (accessible by funicular from Como) and Menaggio are worth exploring. These towns provide a mix of stone-built houses, Liberty-style villas and apartments, often at lower prices than direct waterfront properties. Our guide to finding affordable property in Italy offers more inspiration for buyers who want value without compromising on charm.

Lesser-known gems

Beyond the famous names, there are dozens of smaller towns and hamlets around the lake that provide excellent opportunities for buyers looking for peace, authenticity and better value. Many offer rustic village houses under €300,000, alongside stunning hiking trails and easy access to the lake. If you’re interested in exploring beyond Como, our guides to buying in Umbria and buying in Abruzzo highlight similar blends of charm, scenery and affordability.

Getting there and connectivity

One of Lake Como’s biggest advantages is how easy it is to reach. Despite its serene, alpine setting, the region sits within striking distance of Milan and northern Europe, making it ideal for second-home owners, frequent travellers and retirees who want good transport links.

By air

The lake is served by Milan Malpensa and Milan Linate airports, both around an hour’s drive away, with regular direct flights from the UK, Europe and beyond. Bergamo Airport, a hub for budget airlines, is another convenient option for those seeking affordable connections. For more inspiration on travel-friendly locations, explore our guide to Italian cities just 10 minutes from an airport.

By rail

You can reach Lake Como from the UK in a day, just about, or take a more leisurely approach over two days, perhaps via the stunning Bernina Railway. From Milan, fast and frequent train services connect to Como city in around 40 minutes, making day trips and commuting simple. Other towns on the lake, including Lecco and Varenna, are also well connected by regional rail, offering buyers the flexibility of car-free living.

By road

Lake Como is just a 90-minute drive from Milan via the A9 motorway, which also connects south into Switzerland. Scenic alpine routes make it accessible by car from France, Germany and Austria, making it a practical choice for European buyers who prefer driving to flying.

Proximity to other destinations

Beyond Como itself, buyers enjoy the advantage of having the Swiss border, the Italian Alps and the Ligurian coast all within a few hours’ reach. Ski resorts such as Madesimo and St. Moritz are close enough for weekend getaways, while Liguria’s beaches provide a summer escape. If you’re looking for other lifestyle-driven locations, see our features on Italy’s best seaside and cliff villages and how to retire to Italy.

Once at the Lake Como, you can travel by ferry

Investment potential, taxes and rental market

Lake Como’s international reputation makes it one of the most reliable property markets in Italy. Demand remains consistently high from both domestic and overseas buyers, helping to underpin long-term property values. For investors, the region offers a rare combination of capital growth, lifestyle appeal and strong rental prospects.

Capital appreciation

Lake Como has long featured in global luxury real estate rankings, and property values around the lake have proven resilient even during economic downturns. Prices have steadily climbed in recent years, particularly for homes with direct lake access or panoramic views. While the most exclusive villas command multi-million euro price tags, there are still opportunities for buyers willing to look slightly inland or uphill. For more on broader market trends, see our overview of property investment in Italy.

Rental potential

The area’s popularity with tourists means demand for short-term rentals remains strong year-round, particularly in towns such as Bellagio, Varenna and Menaggio. High-end villas and stylish apartments can generate attractive rental yields during the summer season. However, it’s important to stay compliant with updated rental rules in Italy for 2025, which set stricter conditions on short-term lets. If you plan to rent, professional property management in Italy can help handle bookings, maintenance and tax reporting.

Tax advantages

Italy has introduced several tax incentives to attract foreign buyers, some of which are particularly beneficial in Lake Como. Wealthy individuals who become Italian residents can take advantage of the flat tax regime, paying a fixed €100,000 per year on foreign income regardless of amount. Buyers using their Lake Como property as a main residence also benefit from reduced registration tax — 2% of the cadastral value versus 9% for second homes. Updated Italy tax rates for 2025 explain the latest allowances and changes that may affect international buyers.

Currency considerations

As with any overseas purchase, currency movements can have a big impact on the final cost of your property. Using a specialist currency service rather than a traditional bank can save thousands of pounds or euros on transfers, especially if you lock in a favourable rate in advance. Our partners at Smart Currency Exchange can provide personalised advice and solutions to manage this risk.

The buying process in Lake Como

Foreign buyers can legally purchase property in Italy, including around Lake Como, without restrictions. However, the process has its own rules and legal requirements. Understanding each step in advance will help you avoid delays and common pitfalls.

1. Define your requirements

Before you start, set a clear brief: property type, budget, location and must-have features. Consider whether you’re buying a second home, a rental investment or a retirement base. Our guide to finding your perfect property in Italy can help you narrow your search.

2. Research the market

Spend time exploring different towns and villages around Lake Como to see which areas fit your lifestyle and budget. Prices vary dramatically between waterfront hotspots and hillside retreats. Our guide to finding affordable property in Italy offers tips for spotting value.

3. Engage trusted professionals

Work with an independent property lawyer (avvocato), a notary (notaio) and a reliable local estate agent (agente immobiliare). They will guide you through contracts, due diligence and negotiations.

4. Arrange your finances

Most buyers will need an Italian codice fiscale (tax code) before making an offer. If financing, non-residents can apply for an Italian mortgage — typically requiring a 20–30% deposit. See our guide on how to get a mortgage in Italy for the latest requirements. Don’t forget to plan for currency exchange — fluctuations can significantly affect your final costs.

5. Make an offer

Offers are usually submitted in writing through the estate agent. Once accepted, you’ll sign a preliminary contract (compromesso) and pay a deposit of 10–20%. This makes the sale legally binding. For more, read our guide on making an offer in Italy.

6. Legal checks and notary process

The notary is a government-appointed official who ensures the legality of the transaction. They check the property’s title, planning permissions and any debts. Completion takes place when you sign the final deed of sale (rogito) before the notary and pay the balance. Learn more about the notary’s role in Italy.

7. Registration and moving in

Once the sale is complete, the notary registers the property with the Land Registry in your name. At this stage you can arrange utilities, insurance and, if needed, property management services to look after your home when you’re away.

For a detailed breakdown of fees, taxes and practical steps, don’t miss our full guide to the property buying process in Italy.

How much it costs to buy in Lake Como

Beyond the purchase price of your property, buyers in Lake Como need to budget for several additional costs. These include taxes, notary fees, agent commissions and ongoing expenses. Planning ahead will help you avoid surprises and ensure your budget stretches far enough. For a full national overview, see our guide to the costs of buying property in Italy.

Purchase taxes

• • • Main residence: 2% of the cadastral value (often lower than market value).
    • Second home: 9% of the cadastral value.
    • New-build properties: VAT at 4% (main residence), 10% (second home) or 22% (luxury).

Updated rates for 2025 are explained in our dedicated guide on Italian taxes.

Notary and legal fees

The notary’s fee is usually between 1–2.5% of the declared property price, depending on complexity. You may also pay for an independent lawyer (avvocato) to review contracts and conduct due diligence. Combined, these costs typically account for 2–4% of the purchase price.

Estate agent commissions

Agent fees in Italy are normally 3–5% of the purchase price, often split between buyer and seller. Make sure you confirm this in advance with your estate agent. Some listings include the commission in the asking price, but not always.

Other one-off expenses

• • • Survey and checks: It’s wise to budget for a property survey, especially with older houses.
    • Currency transfers: Fluctuations in exchange rates can add thousands to your final bill. A specialist like Smart Currency Exchange can help you lock in rates and avoid hidden bank charges.
    • Renovations and furnishing: Many homes in Como are older properties. Use our advice on fitting out your Italian home to plan realistic costs.

Ongoing ownership costs

Once you own your home, expect annual expenses such as:

• • • Property taxes: IMU (for second homes) and TARI (waste tax) vary by municipality and property size.
    • Utilities and maintenance: Electricity, water and communal charges (if buying an apartment) should be factored into your budget.
    • Property management: If you won’t live in Italy full-time, consider property management services to handle rentals, upkeep and guest check-ins.

In total, buyers should budget an additional 10–15% of the purchase price to cover taxes, fees and associated costs. Careful planning will help ensure your Lake Como property purchase is both smooth and financially secure.

Frequently asked questions

Is Lake Como a good place for international buyers?

Yes. Lake Como combines world-class scenery with strong demand from year-round visitors, supporting long-term values and rental appeal. For a broader view, see our guide to property investment in Italy.

Can foreigners buy property in Lake Como?

Yes. There are no general restrictions on foreign buyers in Italy. Read more in Can I buy property in Italy?

How much does a home in Lake Como cost?

Prime waterfront villas command premium prices, while hillside villages and lesser-known towns offer better value. See the price table above and explore finding affordable property in Italy and types of properties in Italy.

What extra fees and taxes should I budget for?

Allow ~10–15% on top of the purchase price for taxes, notary/legal fees and other costs. Start with costs of buying in Italy and the latest 2025 tax rates.

How long does the buying process take?

Typically 2–3 months from the preliminary contract (compromesso) to completion (rogito), assuming finances and due diligence are in place. See the full Italy buying process.

Do I need both a lawyer and a notary?

The notary is mandatory and finalises the sale; many overseas buyers also hire an independent lawyer for extra protection. Learn more about property lawyers and the notary’s role.

Can I get a mortgage as a non-resident?

Yes, Italian lenders do offer non-resident mortgages (commonly with 20–30% deposits). See how to get a mortgage in Italy.

Can I rent out my Lake Como property?

Short-term rentals are popular, but you must follow local rules and national updates for 2025. Read Italy’s new rental rules and consider property management.

Where can I find better value around the lake?

Look slightly uphill or in smaller, lesser-known towns for larger homes and views at lower prices. Our guides to finding your perfect property and choosing an estate agent can help.

What about visas or long-stay residency?

If you plan to live in Italy long-term (or retire), check your visa and residency options first. Start with residency and visas in Italy and how to retire to Italy.