Distressed and Foreclosed Properties in Florence, Italy

Looking for distressed or foreclosed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.

Florence (Firenze in Italian) can be found in central Italy, within the Tuscany region, situated alongside the Arno River and approximately 275 km north of Rome and 85 km south of Bologna.

Why buy properties or invest in luxury real estate in Florence comprises of many reason including that Florence is easily accessible by train, car, and air via Florence Airport (Peretola).

Owning property for many wealthy buyers means prestige to the buyer, and a connection to Italy’s rich culture, world-renowned art, architecture, and world famous museums.

There are many places to find distressed or foreclosed properties in Florence, Italy, for example you can ask a real estate agent to filter for foreclosures or bank-owned (REO) properties.

Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.

Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.

If you are in the area you are focussed on, you can drive around neighborhoods looking for vacant properties, and you may find cheap distressed Florence, Italy property for sale with broken windows, or online you may find contacts for attorneys, property managers, and bankruptcy lawyers who may know of distressed or foreclosed real estate in the area.

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.

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