Buying the best luxury real estate listings via an estate agent or directly from the owner in Como, Italy is a matter of perspective on what the purchaser or investor perceives as 'luxury'. The desired objective though can be possible with the right strategy.
Como, which is officially called the city of Como, is located in the Lombardy region which is in northern Italy, and the city itself is situated on southwestern tip of the famous Lake Como, one of Italy’s and the world's most well-known lakes.
In Como, lakefront or waterfront luxury properties are hard to come by due to strict zoning combined with the natural geography of the lake, hills, and mountains.
This limited supply keeps luxury property prices at a premium, so do reflect an opportunity when it comes along, to invest in luxury real estate in Como.
"The best luxury real estate" in luxury market doesn't always mean a low or high price, as a 'luxury property' is related to the expectations of the buyer or investor.
A $1M home might be "cheap" compared to others at $2M that are located in Como, Italy , but the price difference for what seems to be very similar properties could be for a wide range of reasons.
If the luxury property has become distressed or foreclosed they are often sold below market value and at time through auctions. Or it could be the seller, for personal reasons like a job relocation has special reasons for letting the property be sold at a very low rate.
In emerging luxury markets luxury could be listed as undervalued in relation to future expectations, for areas such as growing neighborhoods in cities that are becoming popular, like those with infrastructure improvements or tourism growth.
Luxury buyers often have leverage as they have the financial means to purchase, especially in slow markets where borrowing from a bank is harder.
Properties bought below market value in luxury areas, especially when looking at Como, Italy real estate listings by owner which can be cheaper than via an agent often see strong appreciation when the market recovers or the area gentrifies.
Economic or political fluctuations can temporarily depress prices, allowing investors to acquire premium assets at a cheaper rate.
If looking at Italy as an overseas or foreign investor or buyer into Italian real estate, those who typically invest or purchase at €250,000 which varies according to the area chosen, can obtain Italian residency through the Golden Visa Program, making Italy an attractive gateway to the EU.
Italy offers both stability and opportunity to buyers and investors, as tourism to Italy brings in over 30 million visitors across the mainland and the Italian Isles.
Real Estate Agents and Property Developers in Como, Italy
