Perhaps the least known among the markets in the Alpine industry is the Italian Alps. Many property buyers are snapping up their second homes in the areas of Swiss Alps or the French Alps. However, property investors should now realise the potential of the Italian Alps market.
The Italian Alps is an excellent ski destination with top-notch infrastructure, majestic scenery, and an exciting après-ski scene. It also has one of the most affordable property prices ideal for property hunters.
In the past years, interest in the property market grows steadily. This growth is evident in the current property value.
Italian Alps Property Market
The northern region of Italy comprises of vast ski resorts with an excellent collection of valleys and slopes. Property investors can find good value in this area since they do not have to buy one in an overpriced large resort to enjoy the hills. More popular resorts have higher prices than less popular ski resorts in the area.
West of Turin features the regions of Sestriere, Pinerolo, and Sauze d’Oulx, where property owners can take advantage of 400 km of grand slopes. Properties for sale here can take you back at least €300,000 for a two-bedroom chalet. Via Lattea, on the other hand, has a high point of 2,800m. This area has apartment blocks and hotels. Investors who want to buy a four-bedroom chalet must shell out at least €1 million.
Properties in lesser-known resorts are comparably lower. Smaller ski resorts offer one-bedroom apartments with a price tag of €100,000 while a three-bedroom apartment will cost roughly €150,000.
One of the most popular property markets in the Italian Alps is the Valle d’Aosta, with the Courmayeur headlining the market. Courmayeur offers an outstanding location, gastronomic Italian restaurants, and vibrant nightlife. Properties for sale here can cost more than €800,000. Valle d’Aosta posted the highest property prices, even higher than Rome.
Good Rental Income Opportunities
Investors looking to profit from rentals can put their money in these following areas:
- Madonna di Campiglio
- Sauze d’Oulx
- Selva Val Gardena
These areas are popular among foreigners, making them great for rental income. Secure two-bedroom apartments as they are the most sought after property types. Also, go for the ones near the ski lift.
Where to Buy Property in the Italian Alps?
For those looking to buy a second home, Lake Como is a perfect location. Set at the foothills of the Alps, it offers scenic mountain retreats and panoramic lake views. Puglia is also great for those who want to experience that classic Mediterranean lifestyle. For those on a budget, it would be best to go for the newly discovered areas like the Dolomites of the Southern Alps. Securing these properties can only cost them a fraction of the prices in regions such as Vento and Tuscany.
The Italian property market, as a whole, has low prices in recent years. The high number of old houses beyond repair is causing a property market meltdown in the country.