Buying a house in Tuscany in 2024 could be a great opportunity! Tuscany is one of the favorite regions for foreigners in Italy, and real estate prices in Tuscany are decreasing, making it an attractive destination for many foreign investors. In this article, we will take stock of the prices and real estate buying opportunities in Tuscany for the year 2024!
- Real Estate in Tuscany Italy
- Why buy a house in Tuscany?
- Where buy a house in Tuscany?
- Affordable real estate in Tuscany Italy
Real estate in Tuscany Italy
The year 2023 ends on a somewhat subdued note with a slight decrease of 0.2% in real estate prices in Tuscany, according to the index developed by the Idealista Studies Service. The average cost to acquire a little corner in Tuscany stands at 2,330 euros per square meter, with a slight improvement of 0.4% observed during the last quarter.
According to Idealista’s data, at the provincial level, there is a bit of a roller coaster ride, with 5 regions showing a discreet hello and 5 displaying a moderate increase. Among the champions of the rise, Livorno stands out with a lift of 2.3%, Lucca with a progression of 2.1%, and Pistoia recording an advance of 1.8%. Movements are somewhat less pronounced in Pisa (1%) and Florence (0.5%). Conversely, the provinces of Grosseto (-2.2%), Arezzo (-2%), and Siena (-1.8%) show declines, while Prato (-0.5%) and Massa Carrara (-0.2%) record slight setbacks.
Regarding real estate prices, the province that shines the most on the red carpet is Lucca, with a cost of 3,104 euros per square meter. It is closely followed by Florence (2,939 euros/m2) and Grosseto (2,366 euros/m2), all elegantly saluting the regional average prices. For those preferring a lighter approach for their wallet, the most affordable provinces are Arezzo (1,365 euros/m2) and Pistoia (1,507 euros/m2), offering an invitation to join the dance with style!
Why buy a house in Tuscany?
Buying a house in Tuscany offers a unique experience combining historical charm, natural beauty, and exceptional lifestyle. The region is renowned for its picturesque landscapes, well-preserved medieval towns, and rich cultural heritage. The diversity of options, from luxury seaside villas to charming countryside farms, allows for finding the ideal home based on individual preferences. In addition to the aesthetic appeal, Tuscany offers excellent cuisine, renowned wines, and a relaxed atmosphere.
According to the sales director of Engel & Völkers Italy: “Tuscany continues to confirm itself as an ideal place for both those who want to buy a house and for those who want to invest in a property to spend quiet holidays or periods of rest. That’s why we are seeing an increase in interest from international clients, which will stimulate sales in the years to come.
Where buy a house in Tuscany?
Not only natural beauty, history, or culture dictate the parameters of a choice such as buying a house in Tuscany, a true oasis located in the heart of Italy. The economic element also carries weight, as the need for secure investments is increasingly felt. Hence the question: where is it most advantageous to buy a house in Tuscany?
Let’s start by saying that there is no one better area, as each possesses characteristics that make them unique and inimitable. Choosing among the most well-known and appreciated, let’s start with Versilia, undoubtedly a region where many would like to own a house or villa by the sea in Tuscany, as well as a property or ancient farmhouse dating back to the Middle Ages. One of Italy’s most famous seaside resorts, it boasts globally renowned beaches, whose name evokes timeless beauty.
Among the seaside towns in Tuscany are Forte dei Marmi, Marina di Pietrasanta, Lido di Camaiore: these are VIP locations, known for their beauty of the environment but also for personalized services and a certain exclusivity.
In Versilia, it is possible to buy a prestigious villa, often equipped with a pool, or a renovated house: the price per square meter is proportional to the fame of Versilia, but that doesn’t mean it’s not possible to make excellent investments.
Moving a bit further south, the provinces of Pisa or Lucca also offer hundreds of solutions suitable for those who want to buy a house or villa by the sea in Tuscany. Marina di Pisa, for example, with its period houses or prestigious villas – the epitome of a lifetime dream – but also many localities known for their farms or villas that skillfully combine luxury with intimacy, the tradition of a millennium-old culture with the criteria of modern bio-construction.
The Province of Livorno means Costa degli Etruschi, a row of blue flags, beaches or cliffs overlooking villages and fairy-tale hamlets, from Castiglioncello, the Pearl of the Tyrrhenian Sea, to Bibbona, Bolgheri, Castagneto Carducci, Casale Marittimo, Suvereto. Inhabited since antiquity, as its name easily suggests, the Costa degli Etruschi is a continuous embrace of archaeological and naturalistic areas, of immaculate blue sea and hills rich in history and distant legends. It is a place of cultural events and shows that animate summer evenings, making it even more special and, for this very reason, worthy of the best dreams and investments needed to turn them into reality.
Affordable real estate in Tuscany Italy
If the project of 1 euro houses in Italy interests you, know that Tuscany participates in this initiative but offers few properties. Nevertheless, you can find available real estate on casea1euro.it in the Tuscany section.
According to habitante.it, there are areas in Tuscany where prices have decreased, making it advantageous to buy a house:
- Firstly, the Chianti region, where, according to a study by Immobiliare.it, the price per square meter decreased by 2,199 euros from May 2020 to May 2021.
- In the Montepulciano area, still in the province of Siena, it is possible to buy a house in the beautiful village of Montepulciano, also very popular for having been the filming location for several movies and TV series.
- The Val d’Orcia and Garfagnana region represent another area where it is currently ideal to make good deals. Argentario, according to the study by Immobiliare.it, has experienced a 6% decrease in real estate prices. Prices have also decreased in the municipalities of the Elba Island.
To learn more about real estate buying in Italy, primary residence in Italy, or secondary residence in Italy, various articles will be very useful for building your real estate project in Italy.
Now you know everything about the real estate in Tuscany. Are you ready to buy a house in Tuscany?