Profitability of different types of real estate in Italy for 2023 has been revealed
January 15, 2024
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Gross returns on residential investments has increased in 2023.
The rating
According to the latest study by Idealista, commercial premises remain the most profitable investment in Italian real estate.
Buying a store in Italy in order to rent it out may provide a gross profit of 12% per annum, which is stable compared to 12 months earlier.
Offices may offer rental yields of 9.8% (9.3% a year ago), while parking garages may offer a yield of 7.1% (a bit down from 7.5% in Q4 2022).
Gross returns on residential property investments has risen in 2023, reaching 8.2% per annum, up from 7.4% recorded at the end of 2022.
Housing
Among the Italian capitals, Ragusa (10.2%), Syracuse (9.5%), Catania and Rovigo (both 8.6%) represent the highest returns for residential property investors. Perugia (8.4%), Messina (8.4%) and Vicenza (8.3%) follow the top-3 with above-average returns for the period.
In contrast, Cuneo (4.6%) is positioned as the least profitable capital for owners, followed by Siena (4.8%), Venice, Rimini and Imperia, where the yields are about 4.9%.
As for the capital markets, the profitability of housing in Naples has reached 6%, Rome - 5.9%, and in Milan - 5.5%.
Retail
The retail sector turns out to be the most profitable in almost all capitals. Venice has the highest yields of 17.8%, followed by Milan (16.9%) and Genoa (16.1%). The study shows that the majority of the markets analyzed (48 out of 86) have demonstrated higher returns than the average level of 12%.
In contrast, only eight markets have recorded profitability below 10%, with values ranging from 7.8% in Enna to 9.5% in Andria.
Offices
The office sector continues to offer interesting returns to investors: Perugia is the leader (9.7%), followed by Rome, Turin and Ancona (9.3% each). In Naples the profitability is 8.9%, and in Milan - 7.1%.
At the bottom of the ranking, the least attractive returns for owners are in Lecce (6%), Pescara (6.2%) and Lucca (6.3%).
Garages
In some capitals, garages turned out to be the least profitable type of real estate for investors. However, there is only one capital where the yield is even lower than when compared to 10-year government bonds (3.8%), and it is in Padua (2.8%).
In contrast, the highest profitability may be obtained in Rome (7.9%), followed by Catania (7.2%), both above the national average. Looking at other markets, the rental yields in Milan are 6.5%, in Turin - 6% and in Naples - 4.4%.
Here is what you may purchase in Italy
2 900 000 €
Villa in Italy
525 sq.m
Italy, 15 km from Rome
Villa in an elite large complex
The area of the villa is 525 m2
Distance to the sea: 47 km
Elite residence with all necessary infrastructure facilities
An ideal place for permanent residence
Price: 2,900,000€
INDOM
640 000 €
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204 sq.m22
description
Padenge sul Garda,
we offer for sale a Mediterranean-style villa with a garden and a swimming pool, located in a prestigious residential area and consisting of:
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2100 sq.m2227
In the Chianti's countryside, a few kilometres from Florence, there is this prestigious estate for sale. This property measures 2,100 and is surrounded by 4 hectares of cultivated grounds. This is truly a dream villa surrounded by a haven of rest with a 400 m2 spa, a swimming pool and a sports field. This property is currently a luxury tourist...
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Villa in Vicenza, Italy
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Online ViewingRemote Transaction
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GH Estate
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Villa in Vicenza, Italy
500 sq.m54
This prestigious estate in a classical style is for sale in the Venetian countryside on the outskirts of Vicenza, the ideal starting point to visit Verona, Venice, and Lake Garda. The result of a recent restoration, which has kept unchanged its fascinating style and architectural prestige, this villa measures 500 sqm and could be easily divided...
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150 sq.m543
Online ViewingRemote Transaction
In the prestigious town of Padenge Del Garda, on the emerald hills, we offer for sale a magnificent villa with a beautiful view of the lake.
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GH Estate
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Villa in Buonconvento, Italy
300 sq.m64
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Online ViewingRemote Transaction
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Apartment in Venice, Italy
185 sq.m23
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Online ViewingRemote Transaction
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Villa in Florence, Italy
430 sq.m54
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Apartment in San Remo, Italy
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We offer an apartment on the fifth floor (penthouse) with an elevator, the apartment has been renovated and consists of an entrance hall, a kitchen with French doors, which allows access to a spacious balcony overlooking the countryside.
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The...
