Competition for homes in Liguria, Tuscany and Umbria is currently fierce and is driving property prices up as homeowners search for the perfect Italian holiday home.
Apparently Germans are spending around €300,000, and 76% of British buyers are looking at property in the €300,000-€500,000 price range. However the Russian buyers are willing to spend the most, at around €900,000 for that perfect property.
Property values in the country have held up rather well during the global economic downturn, and 61% of local estate agents expect the market to get even better over the next couple of years.
Buyers are increasingly willing to pay up to €17,000 a square metre for properties in popular Ligurian towns such as Santa Margarita Ligure. This might indicate that foreign buyers are now choosing to purchase property in smaller towns and villages rather than the major cities.
The attractions of Liguria are easy to see as it has achieved a record number of Blue Flag beaches, and in fact in 2011 was awarded the most blue flags out of all the regions in Italy. The region is also bordered by the Ligurian Sea, the Alps and the Apennines and is home to the famous seaside resorts of Portofino and Cinque Terre.
This location means that it has a mild climate year-round and is pleasant to visit even in the dead of winter. Temperatures in winter time are generally between seven and 10°C, while summer temperatures tend to be between 23 and 24°C. Liguria also has the distinction of being the birthplace of pesto.
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