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Demand surges for homes in the Italian countryside during lockdown

After two months stuck indoors under quarantine, a new survey shows that Italians are dreaming of an escape to the country as demand for rural properties has shot up.

Demand surges for homes in the Italian countryside during lockdown
A panoramic view shows the Langhe countryside near Alba, Piedmont. Photo: AFP

Estate agencies around Italy say that requests and online searches for country homes increased by 20 percent between February and April, according to a study published in the May issue of “Ville & Casali” magazine.

Spending eight weeks shut indoors in some of western Europe's smallest and most overcrowded apartments has apparently left many Italians rethinking their choice of living quarters.

While more than half of all people in Italy currently live in blocks of flats – a higher percentage than in neighbouring European countries – it seems that this could be about to change.

“This awareness has turned attention towards housing solutions that bring us back into contact with a rural model of living,” the magazine's editor, Giovanni Morelli, told Sky TG24.

He added that the sudden rise of “smart working”, or working remotely, under lockdown was a factor in the surge of people looking to get out of the city.

Photo: AFP

Monferrato and the Langhe were among the regions most popular with young couples, the study found, a factor “perhaps also driven by price differences per square metre with cities like Milan,” TG24 wrote.

Other popular areas among those dreaming of the good life included the Piacenza hills, the Emilian Apennines, and the Florentine hills or, at a higher price range, Chianti.

In Italy, rural homes have long been perceived as the preserve of retirees – as well as foreign second-home owners – but this may not be the case for much longer.

The survey highlighted a rising trend among young people (20 percent more than during the same period in 2019) hoping to move away from urban areas, the report said.

Italy has a large stock of older, often rural properties which have long proved difficult to sell in a market where apartments and new-build homes are more in demand.

There are also hopes that a move towards remote working and living outside of towns and cities could also mean that many of Italy's small, rural villages, famously at risk of becoming ghost towns and offering homes for sale for as little as one euro, will once again become attractive places to live for Italians.

Engineers and infrastructure experts currently looking at ways to reshape Italy following the pandemic believe people will be increasingly turning away from city life.

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The National Council of Engineers (CNI) is one of many bodies to have sent the government proposals on how best to use infrastructure to reboot the country and shape it along different lines.

“Cities have proved fragile spaces in sanitary terms,” the council's head Armando Zambrano told AFP.

He suggested investment to encourage a return to the countryside, revitalising hundreds of abandoned towns across Italy, and improving internet connections to encourage working from home.

But it may take some time before we see whether the rise in searches will translate into increased sales of country homes – or whether it's just a form of escapism for people under lockdown in cramped apartments.

While estate agencies are now back open across the country as of May 4th, many house purchases remain on hold or delayed due to the impact of the shutdown.

 

 

Member comments

  1. Well, I confess to being one of the searchees:) ! It is a mix of dreaming, but also practical changes brought about by this crisis. With the closure of private asilo nido combined with capacity to work from home, we no longer have anything tying us to to the city, so thinking of finally making a long planned for move back, maybe back to region my husbands family has lived for generations. In our case, at some stage probably will result in an actual property sale sooner than we had otherwise planned.

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PROPERTY

Can you still buy Italy’s one-euro homes in 2024?

A lot has changed since Italy's 'one-euro' home offers first made international headlines, so are they still available - or worth considering?

Can you still buy Italy’s one-euro homes in 2024?

The prospect of buying a house in Italy for less than the price of a caffè normale at the local bar caused a sensation back in 2019, when news of one-euro home schemes hit the international headlines.

There was a property stampede in Sicilian towns in particular, with local mayors reporting being overwhelmed with enquiries in English and other languages.

MAP: Where in Italy can you buy homes for one euro?

Even sceptics couldn’t contain their curiosity: Was it a joke? What condition were these houses in? And how much was this really going to cost?

Several years later, we know that these schemes are legitimate attempts to breathe new life into depopulated areas and unburden local authorities of old, unwanted properties that would otherwise be left to fall apart. And in some cases, at least, it has worked – and proved very lucrative for the towns involved.

We know most of these houses are in a very poor state of repair, requiring major investments from their new owners. And we know the costs can be high, with reports of some international buyers spending hundreds of thousands of euros on renovations – many times more than the property’s potential market value.

READ ALSO: Six things to know about Italy’s one-euro homes

But we’ve also heard from some readers who tell us that, while these homes do of course cost more than one euro, for a sensible buyer they can be a worthwhile investment.

Not only are Italy’s one-euro home offers still going strong in 2024, but new towns are joining the scheme, while others continue to announce similar ‘cheap home’ projects such as the rental programme in Ollolai, Sardinia aimed at remote workers – one scheme that’s expected to take off following the introduction of Italy’s new digital nomad visa in 2024.

So what do you need to know if you’re curious about these Italian property bargains?

As ever, if you’re interested in buying a one-euro home you’ll need to meet certain requirements which vary depending on the local authority. After all, this is not a nationwide scheme but a series of small initiatives run by local councils in each town or village, so you’ll need to carefully check the terms and conditions of every offer you consider.

Generally though, the following will apply:

  • Foreign nationals can buy one-euro houses, whether they’re EU or non-EU citizens – but remember owning one will not give you any residency rights in Italy, and visa rules will still apply to non-EU nationals.
  • The prospective buyer can’t just make vague promises about doing the place up: you’ll need to present a renovation plan within 2, 3 or 6 months depending on the village.
  • Buying a one-euro home to turn into a tourist rental business is generally allowed, but you’ll need to let the local authority know your plans when you apply.
  • The cost of the house, all renovation costs, and all notary, legal, transfer and other fees are the responsibility of the buyer.

Some things have however changed in the past few years which make buying and renovating a one-euro home less affordable than it once was.

Many buyers in recent years were further tempted by generous state subsidies available to cover the cost of renovation work – most famously the ‘superbonus 110’ which covered up to 110 per cent of qualifying expenditures.

READ ALSO: What taxes do you need to pay if you own a second home in Italy?

Though the superbonus is now winding down and is no longer open to new applications, it has had a knock-on effect which means renovations in Italy generally take longer and cost more than they used to.

The superbonus scheme’s enormous popularity led to an ongoing shortage of building contractors in Italy, who were booked up months, or even years, in advance.

And as the popularity of these offers has exploded, the most viable properties in some areas now often become the subject of a bidding war, with the sale price rising from one euro to tens of thousands.

Find a map of the towns currently offering one-euro homes in Italy here.

Have you bought a property through a one-euro home scheme in Italy? We’d love to hear from you. Please get in touch by email or in the comments section below to let us know about your experience.

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