SHARE
COPY LINK

PROPERTY

Are people still planning to move to Italy after the coronavirus crisis?

The coronavirus pandemic has put a spanner in the works for everyone planning to buy a home in Italy this year, and if you're moving from abroad things are even trickier. We spoke to readers to find out if their moving plans will still be going ahead.

Are people still planning to move to Italy after the coronavirus crisis?
Photo: Unsplash/Cristina Gottardi

At a time of such uncertainty worldwide, it's easy to imagine that many people might be changing their minds about long-held plans to move abroad.

Whether because of worries about being far from family and potentially unable to travel, or increased caution about moving to a place where they may not understand the systems or speak the language, these concerns may be in sharper focus than before.

Are international buyers still set on an escape to the Italian countryside? Photo: AFP

When we asked readers if they were still planning to go ahead with their move to Italy once travel resumes again, we weren't sure what kind of response we'd get.

But most of those who replied said that, while the crisis had put things on hold or caused practical problems, it hadn't changed their minds about wanting to live in Italy in future.

“We bought a house in Umbria just before the crisis began. Or at least we signed the deal, we did not receive the keys because formalities at the notary need to be finalised,” explained Lars Verheijden, from the Netherlands.

“We planned to go there in May and August. If possible we will go, but we are afraid we are not allowed to cross borders in May, so we hope for the best in August.”

“Our plans did not change, I am afraid we are simply not allowed to go.”

READ ALSO: 

Some readers said they were rethinking their plans, either due to lost job opportunities because of the crisis, or heightened health concerns

Debbie Maynard from the US told us how her long-planned move to Abruzzo this September, had “been completely derailed by Covid-19.”

“My husband had planned to go to Pineto, our future town, for two weeks in the summer in order to scope out the town and see about rentals. It was important to him to see the town before we moved. That trip is out now,” she explained. “Even if he went, he would have to spend the entire two weeks in quarantine. We are incredibly disappointed.” she said. “Our dream was snatched away just as we were about to achieve it.”

“We have no idea at this point when we will be able to go. We are both around 70 years old; Italy was our retirement dream, so we are especially vulnerable to the coronavirus. We must be very careful.”

Italy-based relocation specialist Damien O'Farrell said the crisis wouldn't necessarily put people off moving to Italy if that's their dream.

“The big question is when will they be able to do it,” he said. “It has also created unemployment, so this may affect the chances of finding work for anyone who will need to work while here.”

READ ALSO: Could Italy's abandoned villages be revived after the coronavirus crisis?

 

 
According to a recent survey of international house-hunters conducted by Italian property portal Gate-Away.com, more than 50 percent of would-be buyers are still set on moving to Italy, and have been using their time under quarantine to continue their property search online.

Another 44 percent said they still wanted to buy in Italy but had put their search on hold and are waiting to see what happens, while just under five percent said they had changed their minds and no longer wanted to buy a home in Italy.

“A good portion of international house hunters interested in Italy are using time time to look with even more attention at properties for sale in Italy through our portal, gathering info about houses they could be interested in so they can be ready to come visit them as soon as possible,” said Annalisa Angellotti, Communications and CSR Manager at Gate-Away.

“In terms of transactions, many were on pause, especially final deeds of purchase, but the majority of estate agencies continued to work from home trying their best to answer requests and experimenting with a new way of working remotely.”

READ ALSO: 

Many are now getting used to using digital documents and video conferencing services to show properties to clients remotely, she explained.

Some seven percent of survey respondents said they'd consider signing a purchase offer remotely after viewing a property online.

Would-be buyers are also wary of how the crisis may affect house prices in Italy, something which property experts agree is currently unknown.

“For instance, it could happen that many property owners that have homes with gardens and outdoor areas could think of putting them for sale at higher prices, as people that were stuck at home for so long now consider these features so precious,” Angellotti explained.

With many would-be house buyers now giving more thought to their plans to move abroad, O'Farrell says people planning a move should be considering whether they have adequate contingency plans in place for the future.

Just like the crash in 2008, this emergency is teaching us a lot of things,” he said.

“I believe one of the questions should be: how prepared are you for an emergency in terms of a financial cushion, support system, etc. when living in a country that is not yours, where you many not have access to certain support mechanisms that exist in your own country.”

 

 

Member comments

  1. My husband and I planned to purchase a home in Sicily before the Coronavirus. It has undoubtedly delayed our plans and has created some issues, however we have our flights booked and hope to arrive on 2 July to begin our new adventure!

Log in here to leave a comment.
Become a Member to leave a comment.
For members

MOVING TO ITALY

How can you find an apartment to rent in Milan?

With its thriving job market and international allure, Milan is one of the most popular Italian cities for foreigners to move to, but finding a place to rent can be complicated.

How can you find an apartment to rent in Milan?

With its wealth of job opportunities and international appeal, Milan is one of the most popular Italian cities among foreigners.

The northern economic powerhouse is home to over 475,000 foreign nationals (around 14.7 percent of the city’s total population), including ​​a sizeable group of native English speakers.

But high demand for accommodation, high prices (monthly rent in the city comes at an average of around €25 per square metre – that’s over €12 above national average) and housing shortages all make finding a place to rent a challenging task.  

Italian rental contracts

Before actually starting to look for an apartment, it’s generally advisable to get familiar with Italy’s most popular rental agreements, or contratti di affitto in Italian. 

Excluding tourist lets (contratti turistici), which range from a minimum of one day to a maximum of 30 days, the shortest available rental agreement is the transitory contract, or contratto di locazione ad uso transitorio

This lasts a minimum of one month up to a maximum of 18 months, and comes with an important caveat: you’ll need to specify and prove that you have a specific, non-tourism-related reason for your temporary stay, like an apprenticeship, a short-term work contract, or degree program. 

If you’re a student attending a university, you may also be able to sign a student contract (contratto di locazione per studenti universitari), which can last between six months and three years.

Two tenants pictured inside their flat in January 2021

Two tenants pictured inside their flat in January 2021. Photo by Ludovic MARIN / AFP

Finally, if you’re looking for longer-term agreements, you have two main options: 

  • Unrestricted contract (contratto a canone libero). This lasts for four years, with an automatic option to renew for four more. The rental price is freely set by the landlord.
  • Determined contract (contratto a canone concordato). This lasts for three years with an automatic option to renew for two more. Rent in this case is set by the relevant municipality (or comune) and cannot be negotiated.

For further info on both of the above contracts, see our article on the topic.

Regardless of which type of contract you sign, you should always make sure there’s a clause that allows you to move out after a specified notice period (this is usually a full six months).

Using an agency

Once you’re familiar with the types of contracts available, you can start your search. 

Milan has plenty of agenzie immobiliari that can help you find your future home, with some specialised in assisting international customers (for instance, Renting Milan).

These agencies will do the work of finding and connecting you with potential properties, and negotiate the terms of the contract on your behalf. They may also know about some properties before they hit the open market, giving you a leg up on the competition.

But there are some downsides too. Properties let through rental agencies can be more expensive, as the owners must cover the costs of their own fees to the agency.

READ ALSO: How much does it cost to live in Milan in 2024?

Further, rental agencies will generally take a commission equivalent to one or two months’ rent from the tenant, which can make initial expenses rise very fast when added to the apartment’s security deposit (usually two months’ rent).

Searching online

If agency fees look a little too steep – or if you just want to explore every option – there’s an increasing number of online rental portals that you can check out.

These sites often offer a mix of properties proposed by rental agencies and apartments rented directly by owners. Some of the most popular ones for renting are Idealista, Immobiliare, Casa and Bakeca

All work more or less the same way: select your area, filter by cost, number of rooms, and other details, and see what’s available.

Quite conveniently, some of these websites feature maps showing statistics on rental price per square metre by neighbourhood. This can be useful to ‘zone in’ on certain areas of the city or simply to judge whether the rent being requested by a landlord is reasonable. 

Rental prices by neighbourhood in Milan.

Rental prices by neighbourhood in Milan. Screengrab from Immobiliare.it

You’ll also find listings posted on classifieds sites like Subito, and even on Facebook groups like Milano Easy Renting and Affitti Milano, though most posts will be in Italian (some key Italian renting vocabulary can be found here). 

If you do use social media for your search and find yourself dealing directly with landlords, it’s generally advisable that you keep an eye out for scams at all times. As a rule of thumb, you should never hand out money without visiting the apartment and signing a contract first.

Finally, if you’re ever unsure about the legitimacy of a listing or have any other doubts about a specific apartment or neighbourhood, seeking out advice from people already living in the city is generally well worth the effort.

How much can I expect to pay?

Renting in Milan doesn’t come cheap. 

According to data from property market portal Wikicasa, monthly rent in the city comes at an average of around €25 per square metre – that’s nearly €7 over Lombardy’s average, and more than €12 higher than national average. 

But rent can be as high as €60 per square metres in the more central areas (Duomo, Cadorna, Cordusio, Castello Sforzesco, etc.).

READ ALSO: What are the best Milan neighbourhoods for international residents?

According to Numbeo estimates, renting a one-bedroom flat in the city centre will set you back over €1,400 a month on average, while renting the same type of flat in the outskirts will come at an average monthly price of around €950.

If you have any suggestions on how to find a place to rent in Milan, please share them in the comments section below. 

SHOW COMMENTS