In the past, many Italians migrated to the United States and other parts of the world to seek their fortunes. Fast forward to the present, their fulfilled descendants seek to return to the land of their forefathers to enjoy retirement, among other people who want to do the same.; and to do that, they purchase real estate. Italy’s countryside and quiet coastal towns are perfect places for retirees as they feature plenty of affordable properties.
Whether it is to relax quietly or revel among the summer tourists, there’s a property that awaits willing buyers. Those who are keen to live and retire in Italy can surely afford most of the offered real estate (https://www.bluehomes.com/Immobilien-Italien-kaufen-verkaufen/kat.html). Italy does allow foreigners to purchase land with few restrictions. Despite those, the property market in the country is considered quite open.
Italy’s countryside and quiet coastal towns are perfect places for retirees as they feature plenty of affordable properties.
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So aside from affordable countryside properties, what makes Italy attractive to retirees? Italy may be one of Europe’s beaten paths, but it never gets old. There are still plenty of places to go aside from the usual suspects such as Rome and Venice. Much of the Italian countryside is unspoiled and generally peaceful. The biggest question would be the cost of living. It’s generally considered to be 35% cheaper than living in the USA and would be much better if in the beginning, you already own a piece of real estate. Italy’s rental rates can be a bit much.
Italian property is relatively affordable averaging a little over 2,000 euros when located away from urban centers. Taxes are also lower and local products are cheaper. It’s best for retiring expats not to purchase nor live in major tourist hubs like Rome and Venice, unless they can afford it. Properties can cost up to 4,000 euros per square meter in popular cities. Once permanent accommodation is in order, the cost of living becomes much easier.
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