Buy To Let: The Ideal Investment Solution
It’s a foreign-property-buyer's dream. Rent your overseas home to holidaymakers to cover your mortgage and costs, enjoy regular visits there yourself between clients, and have the house to retire to or sell for a profit years later. For an increasing number of buyers in Italy, this dream is very much a reality. Half of all foreign visitors to Italy travel independently rather than on a package deal. They all need a place to stay, and many prefer the freedom of a self-catering property to the restrictions of a hotel. Thus there's a healthy market for holiday rentals in Italy – and with budget airlines having opened up hitherto little-visited parts of the country, that market extends far beyond traditional hotspots like Tuscany, Venice, and the northern lakes. If you’re not living in Italy and only plan to visit your property several times a year, it's safer to rent it to holiday makers when you’re not there than to leave it standing empty for months on end.
In terms of gross rental yield, owners of holiday properties in Italy make between five and fifteen percent of their property's value each year. Ten percent is the most common gain. Of course, some properties rent more often – and thus more profitably – than others. Photogenic properties get lots of interest. Period buildings hold great appeal. Farmhouses in central Italy are perennially popular (especially if they have a pool) and apartments in tourist cities are always desirable (especially if they’re central and have an outdoor space like a balcony or terrace). Being within an hour's drive from an airport is a major advantage, with fifty percent of potential clients unwilling to face more than ninety minutes on the road. Whatever and wherever your property, it should be highly comfortable, well-equipped, spotlessly clean and perfectly maintained. Your clients will have high standards and high expectations.
If you are interested in renting your property*, please email us so we can add it to our portfolio.
* On a legal note: if you do decide to rent out your home, we strongly advise that you register your property with your comune as a holiday rental – this is required by law. The process is relatively straightforward and we can organise it for you for a small fee.