Online searches for homes in Italy have increased by 20 percent in just the last few months alone.
This year more than any other, people have begun reassessing where they live and their lives, and have realized that their jobs actually can be done remotely even if that wasn’t an option previously. Many can’t help but daydream about what it would be like to have a home in Italy. .. the food, the culture, the wine, the architecture, and of course the fabulous climate.
Kristina Meucci and Michelle Cunniffe, founders of My Cheap Italian Home have been inundated with requests with people searching for their perfect dream home in Italy. And while their newsletter focuses on homes mostly around the 100K price point, because of their boots-on-the-ground real estate knowledge and contacts throughout Italy they help clients find the perfect undervalued home in any price range.
And across Italy, home prices are tremendously undervalued compared to the States or even other countries in Europe. So all in all its a good time to be searching for new homes.
From the sublime to the simple, the Italian housing market offers some amazing finds. Here are some of their fabulous properties from the last few weeks. All of which Kristina and Michelle feel represent outstanding values in their price range.
For example, this stunning 10 bedroom villa in the Lucchese hills for 1,980,000 euro is exactly what so many buyers want. A home large enough to run a small luxury B and B. “They want something that really grabs a potential traveler’s attention when looking for a property to stay. Travelers want something different, something unexpected.” This villa is walk-in ready and for a lot of buyers out there that’s the biggest selling point.
Of course for some people – more is more. Like this fabulously fabulous entire hilltop town for sale for just over $34m You’d have your own chapel, hunting grounds, vineyards of the finest grapes available in Tuscany and with over 100,000sf of living space, you’d have room to spread out and enjoy some alone time.
Puglia, in the heel of Italy, has seen massive price increases in the last few years. Especially as more and more people prefer to own their holiday home rather than continually rent someone else’s place when they are on vacation. For a lot of people, this makes great sense and great value as the place can virtually pay for itself for homeowners who choose to rent out there home. With a price tag of 295K euro this house is in a great tourist location but doesn’t break the bank.
For many buyers, a little pied-a-terre is the perfect choice. Nothing too expensive. Not much outdoor maintenance. Nothing to have to worry about when they lock up and head home. And, more and more buyers want to be in a historic town center. They want to walk out for their espresso in the morning or a leisurely dinner at night. For many, this little charmer in Siena at 99,000 euro checks all the right boxes.
Some deals are almost too much to believe but they generate huge interest from buyers and dreamers alike. This apartment in Sicily is 1 euro is a great example. Yes, literally one euro. Many small towns are facing dwindling elderly populations. So their plans to offer homes cheaply is an effective way to begin rebuilding their populations. For someone who is ready to invest a bit of time and some money, they can end up with a very inexpensive apartment.
All in all, there really is something out there for everyone who longs for Italy and dreams of an Italian lifestyle. As they say in Italy – “Life is long, enjoy the journey.”