Let’s take off the rose-tinted spectacles and get a clear understanding of the pros and cons of buying property in Italy, with our warts and all guide.
If you’re contemplating the purchase of property in Italy but are uncertain if it’s the right move for you, this guide will assist in your decision-making process. While there are numerous benefits to acquiring real estate in Italy, a few potential downsides also exist depending on your circumstances.
Affordable properties
Italy stands out for its affordability, particularly when compared with other Western Mediterranean regions. Generally speaking, properties of varying qualities are more budget-friendly. Rural Italy, especially, offers exceptional value; in some cases, you might discover properties available for as little as one euro—though keep in mind renovation costs could hit around €50,000.
If you’re looking for savings, consider areas beyond popular destinations like Tuscany and Messina; for example, properties in Umbria or Trapani may be over €400 cheaper per square meter. Statista highlights that average property prices in Italy sit slightly above €2,000 per square meter for new builds and just under €1,500 for existing properties, making this an attractive market for savvy buyers.
Lower cost of living
While major cities and tourist hotspots tend to be pricier, the cost of living plunges in rural or semi-rural areas. In these regions, local taxes are often lower and fresh produce is cheaper, resulting in reduced monthly expenses.
Transport is also economical, with efficient trains and buses providing easy access to urban centers from towns and villages. Another financial advantage arises once you establish residency in Italy, eliminating the equivalent of council tax on your primary residence and enjoying lower electricity rates.
Excellent transport links
Italy features a highly developed transport infrastructure, boasting over 30 international airports that offer numerous low-cost flights. Those traveling from the United States can find connections with airlines like Condor, KLM, and British Airways to cities such as Milan, Venice, and Rome.
From London, you can expect to reach northern Italian airports in less than two hours and southern airports in under three. This accessibility makes visiting family and friends a breeze, and opens up rental potential for your property to tourists, given you obtain the necessary permits.
Pet owners will find travel straightforward as well; you can take a ferry through France or utilize the available train services when moving with your furry friends.
Pleasant climate
Italy enjoys a predominantly Mediterranean climate characterised by hot, dry summers and mild, sunny winters. You can anticipate over 2,000 hours of sunshine annually, allowing you plenty of opportunities to relax on your terrace.
In coastal and southern regions, winter temperatures seldom fall below freezing while summer heat can reach 35°C or higher.
For winter sports enthusiasts, the Italian Alps host 294 ski resorts, offering skiing opportunities even in southern locations like Mount Etna in Sicily, making Italy an all-season destination.
Healthy lifestyle options
Italy presents a strong case for those seeking a healthier lifestyle. For the cost of a city flat in London or Paris, you could purchase a spacious villa in the countryside, enhancing your ability to enjoy an active outdoor lifestyle.
The favorable climate encourages outdoor pursuits—be it gardening, hiking, cycling or partaking in sports like football, rugby, basketball or skiing. Dancing is also popular among locals, providing additional ways to stay fit while enjoying yourself.
Opportunities for exploration
Being the fourth-most visited country globally, Italy offers abundant opportunities for adventure, making it an excellent choice for potential rental investments. The Ministry of Tourism actively promotes lesser-known regions, ensuring even remote areas can welcome visitors.
Once you settle in, you’ll uncover countless local attractions. Whether you’re drawn to beautiful coastlines, quaint villages or historical landmarks, Italy’s comprehensive transport system—including domestic flights, trains, and buses—allows you to navigate effortlessly.
Mulling it over, in Cefalu, Sicily
Any pitfalls to buying in Italy?
Not everyone will enjoy a move to Italy, or will find time to use a holiday home there. However, that tends to be down to personal and subjective reasons. Buyers in italy can mitigate against that
Here are the key pitfalls to watch out for – and how our services at Your Overseas Home and Smart Currency Exchange can help you steer clear of them.
1. Complex legal processes
Italy’s legal and bureaucratic system can be challenging for overseas buyers. Property titles may be unclear, previous owners may have unpaid taxes, and there are strict rules around renovations.
How we help:
- Connect with vetted English-speaking legal professionals from our trusted partner network
- Access clear, jargon-free advice through our free guides and webinars
- Avoid financial delays with currency tools that let you lock in a rate for your final payment
2. Unpredictable exchange rates
Exchange rate fluctuations can increase your costs by thousands between offer and completion – especially over the several months a sale typically takes in Italy.
How we help:
- Lock in today’s rate for up to 12 months with a forward contract
- Use rate alerts so you buy currency at the right time
- Get a free consultation with your own currency expert to plan your budget
3. Hidden renovation surprises
That charming fixer-upper might hide costly structural issues. Renovating in Italy also often requires multiple permits – especially in historic zones.
How we help:
- Work with pre-vetted estate agents who offer transparency and local insight
- Learn what to expect from our renovation guides and checklists
- Get introduced to local architects and project managers you can trust
4. Confusing buying process
From the compromesso to the rogito, Italy’s buying process isn’t always intuitive – and missteps can be costly.
How we help:
- Follow our step-by-step buying guides, designed specifically for UK and US buyers
- Join live webinars with legal and property experts who answer your questions
- Understand how to time your currency transfers to match each payment milestone
5. Underestimating the true cost
Beyond the purchase price, expect fees for the notary, estate agent, taxes, and even translation services – all of which can add up fast.
How we help:
- Use our budget planners to avoid surprises
- Split your currency transfers into stages for easier planning
- Attend our expert Q&A sessions to get real-world cost breakdowns
6. Visa and residency confusion
Owning a property in Italy doesn’t automatically grant you the right to live there – or access healthcare and other services.
How we help:
- Read our up-to-date guides on visas and residency options, including the Elective Residency Visa and Golden Visa
- Connect with immigration specialists in our partner network for personalised advice
✅ Ready to buy in Italy with confidence?
Download our free Italy Buying Guide
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