International Buyers lead 2024 Liguria Property Market as global interest in Italian Riviera grows

The property market in West Liguria, Italy, has once again confirmed its enduring appeal, with international buyers making up 54% of all property transactions in 2024, outpacing Italian buyers (46%) and reflecting a growing global appetite for real estate in this stunning coastal region.

According to the our latest analysis the top international buyers in 2024 hailed from Germany, France, Russia, Poland, United States, Sweden, the Netherlands, Principality of Monaco, Bulgaria, and Norway. This trend underscores Liguria’s increasing prominence as a prime Mediterranean destination for second-home investment and relocation.

“The Liguria property market remained strong in 2024, with continued demand from international buyers drawn to its exceptional climate, quality of life, and year-round appeal,” said Matteo Scandolera, Managing Partner of LiguriaHomes Casamare and official representative of Hamptons International Private Office in Liguria. “Our region offers a rare blend of natural beauty, lifestyle, and accessibility – especially given its proximity to Nice Airport and comparatively affordable property prices.”

Despite global economic headwinds and high credit costs, West Liguria has seen a steady rise in property values, largely driven by the limited availability of real estate. This scarcity continues to offset potential challenges and maintain price growth. Looking forward, a gradual but consistent price increase is anticipated, spurred by projected interest rate cuts and the ongoing demand from international markets.

Foreign Buyers Spend More Than Domestic Buyers

An analysis of the average purchase price over the past seven years highlights a consistent trend: foreign buyers invest significantly more than their Italian counterparts. In 2024, the average purchase by an international client exceeded €500,000, compared to approximately €370,000 for Italian buyers. This gap underscores the premium international clients are willing to pay for quality properties in sought-after locations – especially along the coast, in historic villages, or in exclusive towns like Alassio, Bordighera, and Sanremo.

“This purchasing power not only sustains the local market but also elevates its profile globally,” adds Scandolera. “It’s a testament to the perceived and real value of investing in Liguria.”

Strategic Expansion in Alassio

In response to this growing demand, LiguriaHomes Casamare proudly announces the opening of its sixth office in Alassio, one of the most prestigious destinations on the Italian Riviera. Known for its golden beaches, vibrant lifestyle, and refined charm, Alassio is a natural next step in the group’s mission to serve both local and international clientele with excellence.

“This expansion further solidifies our position as the leading real estate group in Liguria,” says Scandolera. “With a deep-rooted presence across the region, we are uniquely positioned to connect discerning buyers with the finest properties on the Riviera.”

A Global Vision Through Partnership with Hamptons

The global reach of LiguriaHomes Casamare is further strengthened through its strategic partnership with Hamptons, one of the world’s most respected names in luxury real estate. In 2024, the launch of the Hamptons International Private Office marked a significant milestone, enabling tailored, white-glove services for high-net-worth clients seeking distinctive properties worldwide.

LiguriaHomes Casamare proudly showcased the elegance, authenticity, and investment potential of West Liguria within this global platform, reinforcing its role as a trusted ambassador of Italian excellence.

About LiguriaHomes Casamare

With over 30 years of experience and a network of six offices across West Liguria – including San Remo, Bordighera, Ospedaletti, Imperia, Santo Stefano al Mare, and now Alassio – LiguriaHomes Casamare offers unrivaled market insight, multilingual service, and international reach through its exclusive partnership with Hamptons. The agency continues to lead the market in luxury and second-home property sales across the Italian Riviera.

Matteo Scandolera

matteo@liguriahomes.com

Getting a Mortgage in Italy: a Comprehensive Guide

How to Obtain a Mortgage for Property in Italy: Expert Advice

Italy’s allure as a destination for purchasing property extends beyond its scenic landscapes and historic charm. However, navigating the mortgage landscape in Italy can be complex, especially for international buyers. This guide aims to provide a detailed overview of obtaining a mortgage in Italy, drawing on expert insights and integrating essential information for non-residents.

The Mortgage Approval Process

The process of securing a mortgage in Italy involves several steps and considerations. Understanding these can help prospective buyers streamline their efforts and increase their chances of success.

1. Duration for Loan Approval

The loan approval procedure for international investors typically matches the timeline for Italian buyers. However, if the process takes longer, it may be beneficial to seek assistance from another bank or advisor to avoid unnecessary delays.

2. Maximum Loan Amount

For foreign customers, the maximum loan amount, or Loan to Value (LTV), usually does not exceed 60% of the property’s purchase price or appraised value, whichever is lower. In some cases, this can be as low as 50%. Therefore, buyers should be prepared to provide at least 40-50% of the property value as a deposit.

3. Additional Costs

When applying for a mortgage, consider the following additional costs:

Continue reading Getting a Mortgage in Italy: a Comprehensive Guide

Uncover the Timeless Splendor of Palazzo Littardi-Fornara: A Historic Gem in Taggia

Nestled in the captivating town of Taggia, Palazzo Littardi-Fornara stands as a testament to timeless elegance and refined living. This aristocratic 17th-century palace is located in the medieval historic center, and offers an exceptional opportunity to own a piece of history on the sought-after Riviera.

Discovering the Palazzo’s Rich Heritage
Palazzo Littardi-Fornara is deeply connected with the baroque development of the Basilica square and has witnessed the presence of influential noble families in Taggia throughout the centuries.

Awe-Inspiring Architecture and Interior
As you step inside the Palazzo, you are greeted by grand halls adorned with high ceilings and exquisitely decorated interiors. The impressive 17th-century portal, featuring ashlar jambs and a robust architrave with a frieze, serves as a striking architectural highlight. The main floor showcases majestic frescoed ceilings reaching an impressive height of 4.30 meters, offering a sense of grandeur and opulence. Each master bedroom exudes timeless elegance, providing a sanctuary of tranquility and sophistication.

Continue reading Uncover the Timeless Splendor of Palazzo Littardi-Fornara: A Historic Gem in Taggia

International Partner Day: A Remarkable Experience with Hamptons International

At LiguriaHomes Casamare, we take immense pride in our partnerships and commitment to staying ahead of real estate trends. Our esteemed partner, Hamptons International, invited us to take part in their International Partner Day, and we were delighted to do so. This exceptional event, held in London, brought together industry experts from around Europe to discuss the latest real estate trends and explore new opportunities.

Exploring Real Estate Trends: During the International Partner Day, we engaged in insightful discussions on the dynamic real estate landscape. Valued colleagues shared their experiences and expertise, shedding light on a variety of topics. From sustainable architecture to the rising demand for smart homes, we delved deep into understanding the evolving needs and desires of modern homebuyers. The impact of technology on the industry, including artificial intelligence, virtual reality tours, and blockchain in real estate transactions, was also a focal point. These discussions provided invaluable insights that will shape our future endeavors.

Building Connections: One of the highlights of the event was the networking opportunities it presented. We had the pleasure of connecting with industry leaders and forging meaningful relationships. The shared passion for real estate and commitment to excellence created an atmosphere of collaboration and growth. Partners from diverse backgrounds and regions came together, forming a global network of professionals dedicated to driving innovation and success in the real estate industry.

An Unforgettable Celebration: To conclude this exceptional day, Hamptons International hosted an extraordinary after-show party at their award-winning garden at the Chelsea Flower Show. It was an enchanting setting, surrounded by stunning blooms and lush greenery. We joined in the celebration of the International Partner Day’s success, embracing moments of joy, delicious food, and engaging conversations. The Hamptons Mediterranean Garden, meticulously designed by Filippo Dester and built by Garden Club London, exemplified elegance, style, and attention to detail. It was an experience that added an extra touch of beauty and serenity to an already unforgettable occasion.

LiguriaHomes Casamare extends our heartfelt gratitude to Hamptons International Team (Samantha McGladdery, Alasdair Hedley and Leal Ignatius) for organizing such a remarkable event. Their dedication to creating extraordinary experiences for partners and clients is truly commendable. We are honored to be a part of this partnership and look forward to collaborating on exciting projects and ventures in the future.

The International Partner Day organized by Hamptons International was a momentous occasion for LiguriaHomes Casamare. It was a testament to our commitment to collaboration, innovation, and providing exceptional experiences to our clients. Engaging in insightful discussions, forging meaningful connections, and celebrating our shared successes at the after-show party made it an unforgettable event. We are excited to embrace the opportunities that lie ahead and further strengthen our partnership with Hamptons International, as we continue to drive excellence in the real estate industry.

Contact LiguriaHomes Casamare today at info@liguriahomes.com. We look forward to helping you with any aspect of your property needs in Liguria, Italy or worldwide. Reach out to us and let’s make your real estate goals a reality.

Joining the National Association of Realtors (NAR) for Your Liguria Property Search

We are thrilled to announce that we have recently become a proud member of the esteemed National Association of Realtors (NAR), – the leading professional association for Real Estate agents in the United States – reinforcing our commitment to providing exceptional real estate services.

If you are searching for a property in the breathtaking region of Liguria, Italy, our NAR membership brings a wealth of advantages that can enhance your property search experience.

How our NAR membership specifically benefits buyers looking for properties in Liguria:

  1. Insider Knowledge of Liguria’s Real Estate Market: As NAR members, we have access to a vast network of experienced real estate professionals, including those with expertise in the Ligurian market. We stay up-to-date with market trends, local regulations, and the latest developments in Liguria’s real estate landscape. This insider knowledge allows us to guide you through the intricacies of the region, providing valuable insights and ensuring you make informed decisions throughout your property search.
  2. Extensive Listings and Exclusive Opportunities: Our NAR membership opens doors to a wide range of listings and exclusive opportunities in Liguria. We have access to an extensive database of properties, including coastal villas, charming apartments, and picturesque countryside estates. Whether you seek a coastal retreat in the vibrant towns of San Remo or Bordighera or Alassio or a tranquil countryside escape in the hills of Dolceacqua, Dolcedo or Seborga, our network connections and resources ensure that we can present you with a diverse selection of properties that match your preferences and budget.
  3. Local Connections and Collaborations: Our NAR membership enables us to establish meaningful connections with local professionals, including real estate agents, property developers, and industry experts in Liguria. Through collaborations and partnerships, we can provide you with an integrated approach to your property search. Whether you require legal advice, mortgage assistance, or architectural services, our extensive network allows us to connect you with trusted professionals who can facilitate a smooth and successful transaction.
  4. Expert Guidance and Negotiation: Navigating the real estate market in Liguria can be complex, especially for international buyers. With our NAR membership, you benefit from our expert guidance and negotiation skills. We assist you throughout the entire buying process, from property inspections to price negotiations, ensuring that your interests are protected and that you achieve the best possible outcome. Our expertise in the Ligurian market empowers us to provide you with valuable market insights and guidance, enabling you to make informed decisions and secure your dream property in Liguria.

As a NAR member, we are dedicated to elevating your property search experience in Liguria, Italy. Our insider knowledge, extensive listings, local connections, and expert guidance ensure that you receive unparalleled support and access to exclusive opportunities. Whether you are searching for a coastal hideaway or a countryside retreat, our resources and expertise will be able to assist you in finding your ideal property in Liguria. Contact us today to start your journey towards owning a piece of this enchanting region.

Matteo Scandoleramatteo@liguriahomes.comLiguriaHomes.com