Part 1, intro of the series and Italy quality of life and costs.
I decided to prepare and post some articles to explain why I consider Italy an excellent choice also for property investment destination for foreigners.
Usually foreigners look at properties in Italy when they fell in love with the country. So they want to have a holiday home to go to when have time, or eventually a home for when they retire, to move to live in Italy for several months each year, if not even permanently.
In the articles that I will post I will present info about:
Lets start here to look at what makes Italy a special country.
About this you find so many videos and info online, so I will just be short. Some bullet points that are here more as reminder:
This is a relevant info to know when considering where to live as country, or as area in a country. As you can imagine, living in Milano, that is the most expensive city in Italy, can cost more than double than living in small villages in South Italy. And property prices in Milan can be even 10 times or more those of a small village.
So I take as example our own costs of living as family in Pisa city centre. Where average property price right in the centre, is Euro 3,000 per square meter. And we have 2 kids in high school. So probably our is a good example right in the middle from most cheap places in the South, to most expensive cities like Milan, Rome, Florence, Venice…
Summing up all, we basically have cost of living of Euro 25,000 in a year as family of 4. Not “living it large”, still having a really good standard of living, we have all we need, nothing missing. There will be families in Italy living for half our budget. Naturally can spend much more, depends on your living standards, and disposable income. On our side we save more than half what I earn. Investing what left mostly in real estate, we just bought our third flat in Pisa, that will rent to students.
As reported above, these info could be useful to understand what could be an average cost of living in Italy. And compare it with other countries that you are taking into consideration, or even where you currently live.
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After 36 months you have the right to renew and at 0 cost at 25%. This is conditional on the following
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