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The online search on the Global Properties website helps investors find off-plan real estate at developer prices, enabling them to make profitable deals. Over 3 options are available for visitors. The listings are detailed with descriptions and visualisations of the projects, providing a clear understanding and helping assess their suitability for the intended purchase. Foreign investors can purchase properties in Italy at any stage, including before construction begins, ensuring maximum benefit.
When reviewing listings from developers and agencies, we recommend using the following tools:
- Filters to display options with optimal parameters such as size, number of bathrooms and bedrooms, location and price;
- Sorting options to view recently added or popular properties, as well as rank them by price;
- Collections that highlight properties for sale in off-plan projects in Italy with specific features, such as waterfront locations or particular stages of completion;
- A converter showing prices in dollars, euros and the national currency;
- Descriptions and photos provided by the developer. Given the specific nature of villas and apartments in Italy, the main sources of information are development plans for the territory and various types of housing.
The database of offers is constantly updated, so investors can easily decide and contact the seller directly by phone or through private messages.
- Minimum price: GBP 49011.
- Maximum price: GBP 8 million.
In 2024, non-residents can buy off-plan property in Italy, but this will not automatically lead to the issuance of a residency permit. Legalisation in the country can be achieved based on:
- Investment in one of the innovative startups, government bonds or shares of a local company. Depending on the type of investment, the minimum amount varies from EUR 250,000 to EUR 2 million, with additional conditions for each option;
- Employment with a national company;
- Admission to a university;
- Marriage to an Italian citizen;
- Reuniting with close relatives who are residents.
In 2024, the digital nomad visa was introduced, valid for one year and granted to IT professionals under the following conditions:
- Must be of legal age;
- Must pass a background check to ensure good character (a certificate of no criminal record is required) and have no history of violating EU migration laws;
- Must have an annual income of at least EUR 32,400 (€ EUR 2,700 per month);
- Must rent or purchase an apartment or villa in Italy (no price restrictions).
In the future, a residency permit will enable individuals to apply for citizenship after 10 years, provided they have spent at least five years in the country with permanent residency status and have not been outside the country for more than 183 days per year.
Off-plan properties in Italy
Foreign investors can buy off-plan in Italy without any legislative restrictions. The allure of living and holidaying near the Mediterranean Sea draws foreigners worldwide. To meet the growing demands of expatriates and tourists, developers are launching new projects that vary in:
- Construction area;
- Types of properties available, including apartments, townhouses, penthouses and villas;
- Number of available units;
- Infrastructure within the complex;
- Proximity to the coastline, city centre and local attractions;
- Project concept and finish quality.
Purchasing housing before construction is completed allows investors to optimise costs while ensuring a comfortable living experience for their families and tenants. The most sought-after projects are located in Rome, Milan, Tuscany, Venice, Abruzzo and the islands of Sicily and Sardinia. Each city offers a unique charm and rich history, yet there are common characteristics:
- Warm climate;
- Friendly local population;
- Organic food;
- Numerous restaurants and shops;
- A relaxed pace of life.
Location is one of the primary factors influencing the cost of housing. Additionally, factors such as size and layout, stage of construction, amenities, technical equipment and furniture options all play a role.
Off-plan properties by developers in Italy for investment
Unlike secondary market properties, apartments and villas in new developments typically require little to no finishing work before being moved into or rented out. Owners only need to install furniture and appliances (if not included in the contract) and choose a property management company. The costs of properties for sale that are off-plan in Italy are generally lower than those of completed homes. Additionally, investors should budget 7–15% of the unit price for associated expenses, such as taxes, fees, notary and translation services.
When purchasing off-plan property for investment in Italy, returns are achievable due to the following factors:
- Price appreciation of up to 20% by the time the building is completed;
- An average 1% increase in price per square metre each quarter (1.6% increase in Q2 2024);
- The opportunity for resale during construction;
- Rising tourist numbers, ensuring successful rental returns. The average annual income is 7%;
- Rapid recovery of the country’s economy post-crisis;
- Additional savings when using the property as a holiday home (avoiding hotel costs);
- State protection of property rights for foreign investors.
New off-plan projects in Italy
The primary market in the country offers options for buyers with varying needs and financial capabilities. Agencies and off-plan developers in Italy are offering villas with unique designs and spacious grounds, cosy homes with small gardens and modern studios and apartments with 1–6 bedrooms. Apartments and penthouses are typically located in low- to medium-rise buildings, making them popular among couples, young professionals and those looking to generate rental income. Villas and houses are better suited to families, offering privacy, security and ample leisure opportunities.
Carefully reviewing descriptions and specifications on our site will guide you in making an informed decision. It’s essential to consider not only the property’s features but also the scale of the development and the range of amenities available within the complex.