Distressed and Foreclosed Properties in Milan, 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.

Milan is located in northern Italy, within the Lombardy region, and is known as the Italy’s economic and fashion capital, as well as easily reachable by rail and air to from European cities and across the globe to North America and Asia.

Why buy or invest in luxury real estate in Milan can be linked to Milan having the Italian Stock Exchange and the headquarters of major banks, multinational corporations, and design firms

With a stable economic base it ensures long-term demand for high-end properties in Milan.

There are many places to find distressed or foreclosed properties in Milan, 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 Milan, 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.

This page is about : Distressed and Foreclosed Properties in Milan, Italy