International attention and demand for Italy is growing; major cities across the country are seeing increased amounts of tourism, which has varied effects on the property market. This is also coupled with increased urbanisation trends, leading to increased demand across all types of prime property.  

The increased demand is centred around high-quality properties, often with buyers becoming more location-agnostic in search of the best properties with features and amenities. We expect that, in the longer term, this will lead to expansion of desirable areas which are well connected and will increase residents’ quality of life.  

But don’t count out the non-city and second home markets - this is the segment of the prime market where there is unwavering international demand, driving price growth in supply-constrained markets such as Lake Como or Portofino. Part of the appeal, aside from the range and type of properties on offer, is the ability to tap into the Italian lifestyle, offering something for everyone – from high-end gastronomy and designer shopping, to a relaxed village life and seaside escapes.

^{– DANILO ORLANDO, HEAD OF RESIDENTIAL, SAVILLS ITALY –}