There is a significant growth in sales of elite Italian real estate worth €10 million. According to Knight Frank, it is expected that in the coming months, interest will focus on more affordable offers.
This indicates a strong revival in the Italian housing market after a recession occurred due to poor economic conditions. The total number of requests for Italian houses and apartments on the Knight Frank website increased by 133% year-on-year in 2017, with the main interest coming from foreign buyers, according to Global Property Guide.
Almost 45% of potential buyers are from the UK, followed by Italians (15.1%), the United States (11%), 2.6% from Australia and Germany each, 2.4% from Canada, 2,3% from Switzerland, 2.2% from Denmark, 1.9% from the Netherlands and 1.8% from France.
