Italy: prices rise in the areas served by low-cost airlines

 

Italy: The number of real estate investment opportunities available for local and international buyers is increasing in the areas served by low-cost airlines. The impact of air traffic on the development of the real estate market is evident above all in tourist resorts, where it can give a significant contribution to economic growth.

According to the data released by Nomisma, Trapani, Cuneo, Parma, Perugia and Cagliari airports have registered the highest increase in terms of international arrivals among Italian regional airports. Foggia, Cuneo, Parma, Bergamo and Treviso have been chosen by an increasing number of national passengers.

The number of real estate transactions has decreased in 2009 in all of these towns, due to the economic crisis; prices, instead, have soared by 18% between 2005 and 2009, exceeding the national average – in Trapani there was a 27%-price rise; in Pisa prices rose by 26% and in Pescara the increase reached 21%.

Real estate agents working in Sardinia talk about a real “low-cost effect”, as the new routes have boosted investors’ desire to own a second home in Cagliari – that has registered an increase of 5.5% in arrivals in 2009 – Olbia and Alghero.

Many potential second-home buyers come from Lombardy, Veneto and Tuscany. Reasearches about properties for sale have risen by 115% in Sicily and by 31% in Sardinia. Tuscany is always British investors’ favourite investment destination.

Trapani airport has passed from 2200 to 301000 international passengers thanks to the connections with London (UK), Stockholm (Sweden) and Dublin (Ireland), in just five years.

Holiday rental contracts are on the rise in Trapani and since the town is beautiful and overlooks the sea, many investors opt for the purchase of a home to make a buy-to-let investment; indeed, they lease out their property when they do not use it. This happens on the islands, too: for example, in Favignana or in San Vito Lo Capo.

Despite the recent rise, real estate prices in Trapani have remained low in comparison to some other Italian seaside resorts. The average price in the town amounts to 1450 euros per square metre, approximately. The town attracts mainly local buyers or investors coming from northern Italy. There are only a few foreign investors.

On the occasion of the 2005 Americas Cup, the historical centre was redesigned and old houses were renovated. Those who bought a 100-sqm home for 20-30 thousand euros in 2005 made a real bargain.

The impact of air traffic on the development of real estate market has been strong in Abruzzo, too; low-cost flights to Pescara have made some hidden areas of Italy accessible. Many English investors arrived two years ago in search of a holiday residence.

The area surrounding Cuneo, instead, has not taken advantage of the increase of arrivals, because there is not a demand for short-term rents and a buy-to-let investment could not grant any return. This is due to the lack of roads and connections.

Click on the following links to learn more about the Italian property market:

-          Investing and living in the region of Salento

-          Italy: Lignano Sabbiadoro approves the construction of new modern buildings

-          Italy: prestige real estate properties for sale in Bormio

-          Italy: The luxury market is more than ever alive

-          The opportunities offered by the real estate market of Pollino National Park

-          Mansards and lofts: Alternative housing solutions in Italy

-          It pays to rent a home in the hinterland

-          Sardinia calls the attention of Italian and overseas investors

  •  

Related Insights

  •  
    Italy: prices rise in the areas served by low-cost airlines

      Italy: The number of real estate investment opportunities available for local and international buyers is increasing in the areas served by low-cost airlines. The impact of air traffic on the development of the real estate market is evident above all in tourist resorts, where it can give a sign ...

Real Estate Listings

Cod. 40546

For sale Other (Commercial), Italy, Bergamo, Calcinate, Via Luigi Einaudi, 3

400,794.00USD
For sale
Other (Commercial)

680 m²
It sells well structured warehouse of 500 square meters laboratory and 180 square meters square, office + bathroom, dressing room + bathroom + shower....
Cod. 39940

For sale 3 Bedrooms, Italy, Bergamo, Costa Volpino, Via Marco Polo

717.84USD
For sale
3 Bedrooms

192 m²
Exclusive apartment at Residence Bersaglio In Costa Volpino in the new and exclusive Residence Bersaglio on the second floor 106 m2 three-room apar...
Cod. 39030

For sale Hotel, Italy, Bergamo, San Pellegrino Terme, Via roma

1,184,436.00USD
For sale
Hotel

880 m²
Sale Hotel in San Pellegrino Terme (BG): Property of about 880 square meters (Sup. Cop.) On 4 floors above ground and a basement + attic floor (Quarto...
Cod. 36607

For sale 3 Bedrooms, Italy, Bergamo, Bergamo, Via Sforza Pallavicino 7

514,452.00USD
For sale
3 Bedrooms

140 m²
The property is surrounded by a wonderful private park, from which you can enjoy a magnificent view of the Old City, with the possibility to have a sn...
Cod. 29992

For sale Farmhouse, Italy, Bergamo, Caprino Bergamasco, via Ombria 2a

993,012.00USD
For sale
Farmhouse

200 m²
400 years old house, close Lake Como and 20 km far from Orio al Serio international Airport. 200 s.m., 4 double bedroom, 3 bathroom, 1 loudry 3400 s....
Cod. 29481

For sale House, Italy, Bergamo, Valle Imagna, via IV Novembre nr.29

191,424.00USD
For sale
House

198 m²
Beautiful home is located, a quiet, private road, and the construction of 198 square meters P + M + 1st floor + 2nd floor 0.230 square yards, six bedr...
Cod. 27619

For sale 2 Bedrooms, Italy, Bergamo, Bergamo, bg

119,640.00USD
For sale
2 Bedrooms

50 m²
house for rent 2 room
Cod. 27388

For sale 2 Bedrooms, Italy, Bergamo, Riva di Solto, Vicolo Fonteno 17

119,640.00USD
For sale
2 Bedrooms

65 m²
Nice apartment for sale in the center of Riva di Solto. 1 bedrom, kitchen + sitting room, 1 bathroom and one balcony. 65 mq, brand new, autonomous h...
Cod. 27292

For sale 2 Bedrooms, Italy, Bergamo, Verdello, via Magenta

92,122.80USD
For sale
2 Bedrooms

34 m²
apartment on 2 levels , 2 rooms and 1 bathroom with parking space , no heating expenses. contact for information
Cod. 25152

For sale Villa, Italy, Bergamo, mapello, via villa gromo,1

14,356,800.00USD
For sale
Villa

4500 m²
The Villa Gromford is a complex of over 4500 square meters of buildings in a park of 20,000 square meters and farmland merged with a total area of ​​a...
2005-2021 REALIGRO REAL ESTATE LTD. All Rights Reserved - VAT Nr: 893969932
Neikos Digital Agency
  1. Preferences

    For a better use of Realigro website, set your preferences for language, currency, square meters or sq ft.

    Set now Don't show again
BB