Envy Italy Magazine No. 1 Winter 2018

Page 84

Private Property Envy Italy seeks out some of the most promising real estate opportunities from the coast to the country

Italy offers an intoxicating mix of culture, art, gastronomy, music and heritage which is almost impossible to find elsewhere on the planet. It is no surprise therefore that so many overseas buyers continue to invest in this historic land. The romantic dream of finding an abandoned palazzo or crumbling monastery and restoring it to its former glory still holds a tantalising appeal for many. Of course, the prominent wine-producing regions feature at the top of the list for those searching for an Italian property to restore or refurbish but the preferred destinations are changing to be more culture orientated. Endless Appeal The cities of culture are hotspots for intercontinental life with a melting pot of wealthy ex-pats choosing to relocate to Italy for at least some of the year. Florence, Venice, Rome, Bologna and Milan are all popular with US and UK buyers. Interestingly, the islands and the south of the country have a broader appeal with interest growing in the purchasing of es-

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tates and wine-producing businesses in Sicily, Isohia, Sardinia and beyond. Many positive changes are evident in Italy as larger properties become more available, entire estates, small villages and old castles are finally becoming accessible with the guidance of property experts who can help buyers navigate planning laws. In the past, joint ownership issues have often prevented the smooth sales of grand-scale properties. However, the complexity of selling ‘noble’ or family-owned estates has lessened in recent years and now many intriguing opportunities are openly on the market. Private and commercial clients are pro-actively investing in Italian properties and the options are quite exciting now. Wine-producing estates overlooking the Mediterranean, hilltop fortress villages, ancient palazzos and medieval convents, all present interesting opportunities for those with a commercial interest. Here are Envy Italy’s handpicked collection of properties from around Italy currently for sale.


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