Properties for sale in Lucca

Property in Lucca

Purchasing properties in Lucca for investment involves a series of steps to ensure a smooth transaction. Initially, prospective buyers should engage a local real estate agent who understands the region's market dynamics well. The process typically begins with making a formal offer, followed by signing a preliminary contract (Compromesso) and then completing the final deed of sale (Rogito) before a notary. Foreign buyers must obtain a tax code (Codice Fiscale) and may also need to open an Italian bank account to facilitate transactions effectively.

This historic city in Tuscany is renowned for its well-preserved Renaissance walls that encircle the city centre. The infrastructure includes modern amenities such as efficient public transportation, healthcare facilities and educational institutions. The city is also celebrated for its vibrant cultural scene, hosting numerous festivals, concerts and art exhibitions throughout the year. The presence of international schools and a diverse array of dining and shopping options further enrich its appeal.

The real estate market here offers a diverse range of properties. The most popular types include historic apartments within the city walls, charming townhouses and rustic farmhouses in the surrounding countryside. The Centro Storico area is particularly sought after for its picturesque streets and proximity to key attractions. Suburban areas like San Concordio and Sant'Anna are favoured for their blend of modern and traditional housing options.

Investing in housing in the city is highly attractive due to its stable real estate market and appeal to both tourists and expatriates. The region's rich history, coupled with its strategic location in Tuscany, makes it a desirable destination for long-term investment. Housing units in the town often appreciate and the rental market is robust, providing a steady income stream for investors.

Reasons for investing in property in Lucca

• High Rental Yields: The rental market in the area is robust, with gross rental yields reaching up to 8.8% in Q3 2023, marking a 1% increase from the previous year. This makes it an attractive option for investors seeking steady rental income.
• Appreciating Values: The market for real estate for sale in Lucca has demonstrated consistent growth. As of April 2024, the average asking price for residential housing was EUR 2,169 per square metre, marking a 3.58% increase from April 2023. This trend underscores healthy appreciation in housing values, promising capital gains for investors.
• Strategic Location: The city’s location in Tuscany, a region renowned for its cultural heritage and scenic beauty, enhances its investment appeal. Well-connected by road and rail, the city is accessible to major Italian cities and tourist destinations. This strategic positioning enhances both the rental and resale potential of real estate.
• Tourism and Expatriate Demand: The area attracts a significant number of tourists and expatriates, contributing to a high demand for rental housing. The city's rich history, vibrant cultural scene and annual events like the Summer Festival and Comics & Games draw visitors year-round, ensuring a steady stream of potential tenants.
• Diverse Options: The real estate market here offers a variety of choices, ranging from historic apartments in the city centre to rustic farmhouses in the countryside. This diversity caters to different investor preferences and budgets, enhancing the market's attractiveness.
• Stable Economic Environment: Italy's stable economic environment and favourable laws for foreign investors add to the investment security in Lucca. The process of purchasing real estate is straightforward, with clear regulations that protect investor interests.
• Off-Plan Investment Opportunities: There’s a growing trend of off-plan properties in the city, offering investors the chance to purchase new developments at lower prices. These units often feature modern amenities and the potential for significant value appreciation upon completion.

Investing in real estate in the city presents a compelling opportunity due to its high rental yields, appreciating housing values, strategic location and diverse options. The city's appeal to tourists and expatriates further enhances its investment potential.

Buying real estate in Lucca

Purchasing property for sale in Lucca is a seamless experience with Global.Properties. The platform offers a comprehensive selection of properties, ranging from historic apartments to rustic farmhouses, catering to diverse preferences and budgets. Its user-friendly interface enables you to filter searches based on specific criteria, ensuring you find the perfect home or investment opportunity effortlessly.

Global.Properties not only simplifies the search process but also provides valuable insights into the local market. With detailed descriptions, high-quality images and expert advice, you can make well-informed decisions confidently. Whether you're looking to invest or relocate, this platform serves as your go-to resource for finding a home in Italy.