Investment real estate refers to property purchased with the primary goal of generating income for profit, rather than being used as a personal residence.
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.
The investor, or owner, rents out the property to tenants directly or through a management company for short or long-term periods. In return the investor earns regular rental payments, which can be from residential rentals, such as houses, condos or apartments, or from commercial rentals which can be offices or retail spaces.
As the property increases in value over time, often used in growing markets (albeit there can be periods of decline) but overall property values do increase, and can then be sold at a profit.
Investors may be able to deduct expenses such as mortgage interest, property taxes, insurance, and depreciation adding to the value of ownership.
Investors can choose from a wide range of different types of investments in Florence, Italy real estate listed by owner or agent, from residential homes, condos, duplexes, or apartments, to commercial offices, retail stores, or industrial buildings leased to businesses.
Also there are mixed-use properties combining residential and commercial elements as an option, plus investment land, with or without planning permission, that can be developed on or sold again for future real estate development.
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 Florence, Italy
