Gate-away.com Five Year Report – Enquiries 2018 - 2023

Global Buyers Transforming the Italian Real Estate Market

+120% Increase in Demand Over the Last Five Years

In the past five years, the Italian real estate market has experienced remarkable growth in demand from international buyers according to Gate-away.com five year report, with requests for properties for sale in Italy soaring by 120.3% on the portal.

This surge reflects a growing global interest, particularly in regions such as Piedmont (+198.21%), Sicily (+188.56%), and Tuscany (+183.82%).

Which foreign markets are most interested in Italian real estate?

Among the overseas house-hunters driving this trend, Americans lead the pack, accounting for 28.76% of total inquiries and witnessing an astounding increase of 265.7%.

Following them are Germans (11.53%) and British (9%), who have seen increases of 90.97% and 34.56%, respectively. Notably, Canadians (4.88%) in fifth position have also shown significant interest, with requests rising by 249.24%.

Additionally, an important segment of buyers who submit inquiries while already in Italy – often on vacation – comprises 5.81% of total requests so that this group is fourth in the ranking of the most enamored with Italy. This is a growing trend emerging especially in the last few years.

Steady growth across various Italian regions

Tuscany continues to be the most sought-after region, with a staggering 183.82% increase in inquiries. Other regions like Lombardy, Liguria, Sicily, Piedmont, and Puglia, which follow Tuscany in the ranking, have also seen exponential growth over the past five years.

“Interestingly, less well-known regions such as Abruzzo (+100.24%) and Calabria (+162.36%) are gaining international attention as potential investment hotspots. – claims Simone Rossi, co-founder of Gate-away.com – This confirms that the Italian real estate market remains attractive to foreign investors, who show a wide variety of preferences and a willingness to explore all Italian regions.”

Among the most coveted areas are Lake Como, Salento, Lunigiana, Valle d'Itria, and Monferrato, all experiencing rising demand.

Rising values and high price segments

The average value of Italian properties sought by international buyers has increased significantly to approximately €434,000, marking a 26.39% rise over five years. This trend indicates that foreign buyers are willing to invest substantial amounts for their dream home in Italy.

“As a matter of fact, high-end price segments have seen remarkable growth: properties priced between €500,000 and €1 million have surged by 191.59%, while those exceeding €1 million have increased by 190.04%. This shift reflects a growing inclination among international investors towards luxury real estate, – comments Simone Rossi – Furthermore, at the same time there have been notable increases in lower price ranges as well – up to €100,000 (+128.55%), from €100,000 to €250,000 (+74.63%), and up to €500,000 (+130.99%).”

“This diversification in buyer interest in all the price brackets shows also how the Italian market is catering to a broad spectrum of financial capabilities. – continues Rossi – Yet, the relatively stable property prices in Italy compared to other European countries make it an attractive investment option for those who may be considering relocating or spending extended periods abroad.”

According to another recent study conducted by Gate-away.com amongst its over 40,000 subscribers to its newsletter, Italy is not just a destination for tourists but is becoming a preferred choice for international investors seeking lifestyle and investment opportunities in one of Europe's most enchanting countries, but also a change of life as the 30% of those who have responded to the survey claimed.

About Gate-away.com

Gate-away.com is the leading Italian property portal solely devoted to overseas buyers looking for their dream home in the boot-shaped country. It's based in Italy, born in 2008 and promptly became the reference point for people around the world searching for a second home in the bel paese. On the portal are listed over 44,000 properties that are currently for sale by private sellers and Italian estate agencies which are familiar with every need of non-Italian home-hunters.

DATA FOR 2023*:

• 10 language versions of the portal

• enquiries from 162 countries worldwide

• 1,850,000 international users have searched for homes in Italy through Gate-away.com

• 38,000,000 page views

• 70,000 international buyers subscribed to Gate-away.com multilingual newsletter

• +37,000 followers on Facebook

* data updated to January 2024