Best Cities for Expats to Buy a House in Italy
by Adriana ruiz
For those looking to buy a home in the country, the diversity of regions and cities offers a variety of options to suit different lifestyles, from bustling urban centers to peaceful countryside escapes. Whether you’re drawn by Italy’s art, food, or slower pace of life, the following cities stand out as top destinations for expats looking to invest in real estate.
1. Milan: Italy’s Financial and Fashion Capital
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As the country’s economic powerhouse and global fashion hub, Milan is ideal for expats seeking a dynamic urban lifestyle. It’s Italy’s most modern city, with an impressive infrastructure, multinational corporations, and a buzzing cultural scene. The real estate market in Milan is competitive, with demand driving property values higher than the national average. Expats can expect a blend of modern apartments, historic buildings, and luxury real estate.
■ Why buy here? Milan’s economy remains robust, offering plenty of job opportunities for expats in sectors like finance, fashion, technology, and design. The city’s efficient transportation network and proximity to other European capitals also make it a convenient base for international professionals. While property prices can be high, especially in central areas like Brera and Porta Nuova, neighborhoods like Navigli and Isola offer more affordable options with a lively atmosphere.
2. Rome: The Eternal City
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Rome combines centuries of history with modern Italian life, offering an irresistible mix of cultural attractions and a bustling metropolis. As Italy’s capital, it’s a popular destination for expats working in government, diplomacy, or international organizations. Buying property in Rome means investing in one of the world’s most famous cities, where ancient ruins stand next to contemporary developments.
■ Why buy here? Rome’s property market is diverse, ranging from luxurious apartments in the city center to more affordable homes in suburban areas. Expats can enjoy a cosmopolitan lifestyle while living amidst iconic landmarks like the Colosseum and Vatican. Prices in the historic center and affluent neighborhoods like Parioli are higher, but districts such as Trastevere and San Giovanni offer charming properties at a lower cost, perfect for expats seeking a blend of modern and traditional living.
3. Florence: The Cradle of the Renaissance
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Florence, the birthplace of the Renaissance, is a city that exudes art, culture, and history at every corner. Its compact size makes it easy to navigate, and it offers a slower pace of life compared to Milan or Rome. Florence’s real estate market is particularly attractive to expats looking for historical homes, be it apartments in centuries-old buildings or villas in the surrounding Tuscan countryside.
■ Why buy here? Florence is ideal for art lovers and those who value cultural immersion. It offers excellent educational institutions and a high standard of living, making it popular with expats seeking both personal and professional enrichment. While real estate in the historic center can be pricey, suburbs like Scandicci and smaller towns around Florence provide more affordable housing options with easy access to the city.
4. Bologna: Italy’s Culinary Heart
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Often referred to as “La Dotta” (the learned one) for its prestigious university, “La Grassa” (the fat one) for its food, and “La Rossa” (the red one) for its left-leaning politics, Bologna is a vibrant and intellectual city with a high quality of life. It’s less touristy than cities like Florence or Venice, which adds to its appeal for expats who want to experience a more authentic Italian lifestyle.
■ Why buy here? Bologna’s central location in Italy makes it an excellent base for those who want to explore other regions. It’s a hub of innovation, education, and culture, drawing expats working in academia, engineering, and gastronomy. The real estate market is affordable compared to larger cities, with a mix of modern apartments and historic buildings. Popular neighborhoods for expats include Santo Stefano, which offers charm and history, and Saragozza, known for its family-friendly vibe and green spaces.
5. Turin: A City of Industry and Innovation
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Turin, located in the Piedmont region, is an industrial city with a rich historical background and a forward-thinking economy. Once the heart of Italy’s automotive industry, Turin has transformed into a hub for technology, innovation, and culture. The city is home to various international businesses and is growing in popularity among expats due to its affordability and vibrant cultural scene.
■ Why buy here? Turin offers great value for money compared to cities like Milan and Rome. Expats can find affordable real estate in its elegant boulevards and charming neighborhoods. The city offers a high standard of living, with plenty of green spaces, excellent schools, and proximity to the Alps for outdoor enthusiasts. Areas like Crocetta and San Salvario are popular with young professionals and families, providing a mix of history, culture, and modern amenities.
6. Trieste: Italy’s Hidden Gem
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Tucked away in the northeast corner of Italy, near the Slovenian border, Trieste is a lesser-known city with a cosmopolitan atmosphere and a stunning waterfront. Historically a part of the Austro-Hungarian Empire, the city offers a blend of Italian, Slavic, and Germanic influences. Its unique culture, combined with a slower pace of life and lower cost of living, has made Trieste an attractive option for expats looking for an off-the-beaten-path destination.
■ Why buy here? Trieste is known for its literary heritage, beautiful seafront, and café culture. Property prices are significantly lower than in cities like Milan or Rome, making it an affordable option for expats who want to enjoy coastal living. Neighborhoods like Barcola and Città Vecchia offer a range of housing options, from modern apartments to historic homes. The city’s proximity to Central and Eastern Europe also makes it a strategic location for those working in international business.
7. Naples: Italy’s Vibrant Southern Capital
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Naples is one of Italy’s most vibrant and chaotic cities, known for its rich history, passionate culture, and world-famous cuisine. It offers expats a truly authentic Italian experience, with a more affordable cost of living than northern cities. Naples’ real estate market is diverse, offering opportunities for buyers to invest in anything from coastal homes with views of the Bay of Naples to historical apartments in the city center.
■ Why buy here? Naples is a great option for expats who want to live in a lively, culturally rich environment. Property prices are relatively low compared to cities like Rome and Milan, making it an appealing option for expats on a budget. Popular areas for buying include Chiaia, a chic waterfront district, and Vomero, a hilltop neighborhood with stunning views of the city and the sea.
Italy’s diverse cities offer expats a range of options, each with its unique appeal and real estate opportunities. Whether you’re drawn to the fast-paced lifestyle of Milan, the historic allure of Florence, or the affordable charm of Trieste, Italy has something to offer everyone. Understanding the local real estate market, lifestyle, and property values in each city is essential to making a smart investment decision. With careful research and the right approach, expats can find their perfect home in one of Italy’s beautiful cities.
We can guide you through the entire process of finding and purchasing your ideal property in Italy. Send an email to [email protected] and schedule a FREE call to discuss how we can help you.
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