Lake Como: the most popular destination
With an average price of 1,500 euros per square meter, Lake Como is one of the most popular destinations for luxury real estate. Historic streets with a road limited only to residents, a scenario, that of the lake, wonderful in all respects, are the main attractors for investors who want to buy a property in this area.
History and luxury therefore come together in an offer that seems not to be affected in the least by the crisis that has characterized Italy in recent years.
The main investors are of fairly high social extraction (obviously). But, the introduction of the short term rent seems to have revolutionized the entire real estate system. The demand has increased, and the gap of investors who exploit the possibility of using this type of contract has also increased. It should also be remembered that the offer enjoys high prices thanks to the possibilities that the territory offers. The investor, aware of the services present in this location, is well prepared to spend more, certainly of an exceptional quality return.
Let's see the numbers in detail:
- tourist flows have increased by 34% since 2013
- attendance reached 35%, for a total of 3,534,068 more than last year
- the three-room apartments in Como, in terms of lease contracts, are around 500 euros per month, with a decent view of the lake.
- Properties located in privileged positions start from € 6,000 to € 15,000 per square meter
- The less popular but still wonderful areas start from 2,000 euros per square meter
- The average price of a historic villa reaches 2.4 million if it is located near the lake
- Tendency to price fluctuations,
The real estate market therefore seems to be recording positive returns. And the particularity is given by the absence of a stop, even slight on the demand side. Needless to say, the main buyers are foreigners. An 80% of the demand is represented by Switzerland, followed by Germany, the USA and last but not least the cold Russia.
The case represented by the British who, due to Brexit, started to decrease (perhaps due to the uncertain repercussions on the world real estate market) is emblematic.
But what will the real estate market look like in the coming months of 2020? As with most of the European countries we have already analyzed, it seems that the Italian Peninsula will also experience a strong increase in interest. In the Como area, therefore, the demand-supply ratio seems to be fairly balanced and, according to the main statistical institutes, this trend will continue unabated even in the following months.
However, it is not possible to define what dimensions the phenomenon will reach. What is certain is that we at Realigro will always be ready to broadcast the latest news on the world real estate market, to allow you to have a complete picture of the general trends in our sector.
History and luxury therefore come together in an offer that seems not to be affected in the least by the crisis that has characterized Italy in recent years.
The main investors are of fairly high social extraction (obviously). But, the introduction of the short term rent seems to have revolutionized the entire real estate system. The demand has increased, and the gap of investors who exploit the possibility of using this type of contract has also increased. It should also be remembered that the offer enjoys high prices thanks to the possibilities that the territory offers. The investor, aware of the services present in this location, is well prepared to spend more, certainly of an exceptional quality return.
Let's see the numbers in detail:
- tourist flows have increased by 34% since 2013
- attendance reached 35%, for a total of 3,534,068 more than last year
- the three-room apartments in Como, in terms of lease contracts, are around 500 euros per month, with a decent view of the lake.
- Properties located in privileged positions start from € 6,000 to € 15,000 per square meter
- The less popular but still wonderful areas start from 2,000 euros per square meter
- The average price of a historic villa reaches 2.4 million if it is located near the lake
- Tendency to price fluctuations,
The real estate market therefore seems to be recording positive returns. And the particularity is given by the absence of a stop, even slight on the demand side. Needless to say, the main buyers are foreigners. An 80% of the demand is represented by Switzerland, followed by Germany, the USA and last but not least the cold Russia.
The case represented by the British who, due to Brexit, started to decrease (perhaps due to the uncertain repercussions on the world real estate market) is emblematic.
But what will the real estate market look like in the coming months of 2020? As with most of the European countries we have already analyzed, it seems that the Italian Peninsula will also experience a strong increase in interest. In the Como area, therefore, the demand-supply ratio seems to be fairly balanced and, according to the main statistical institutes, this trend will continue unabated even in the following months.
However, it is not possible to define what dimensions the phenomenon will reach. What is certain is that we at Realigro will always be ready to broadcast the latest news on the world real estate market, to allow you to have a complete picture of the general trends in our sector.
