2023 Real Estate Market Insight and Forecast in West Liguria, Italy

Insightful Dynamics and Trends in West Liguria’s Real Estate Sector: Overview

From 2015 to 2023, the real estate landscape in West Liguria, Italy, displayed a compelling evolution in transaction dynamics, marked by a significant interplay between Italian and foreign buyers, and an increasing draw towards the area’s prime real estate, according to Matteo Scandolera, Managing Director of LiguraHomes Casamare.

Initially, the West Liguria market presented a balanced appeal to both Italian and international clients. However, there has been a notable shift occurred over time, with a steady increase in international transactions strengthening West Liguria’s growing position on the global stage.

At times out performing the rest of Italy in terms of proportion of international sales, Scandolera notes: “This rise speaks volumes about West Liguria’s desirability, driven by its lifestyle, culture, and investment potential. As the market has evolved, a stabilization in transaction distribution between Italian and foreign buyers emerged, reflecting a matured appeal across diverse demographics.”

Real Estate Market trend in Liguria

Most recently, investment has been seen in new and improved Marina’s along the Italian Riviera coast. Premium marina operator D-Marin took over two new marinas, Marina degli Aregai, one of the largest in the Liguria with 961 berths and Marina di San Lorenzo with 268 berths. Both marinas have addition attractions, including restaurants and hotel.

In January 2024, it was announced that Marina Development Corporation (MDC), which is at the helm of the brand new Marina Cala del Forte in Ventimiglia, is partnering with Chastworth Schools to operate and manage the Borgo del Forte Campus, a large purpose-built international educational and sports campus.

Simultaneously, the redevelopment of San Remo’s old marina area is underway, promising to redefine the city’s waterfront. Porto Vecchio revitalization will include enhancing public spaces, improving marina facilities, and introducing commercial and recreational amenities.

“Such developments are designed to invigorate the area, making it a more attractive destination for residents and visitors alike, creating a positive impact on property values and investment opportunities”, Scandolera comments.

Continue reading 2023 Real Estate Market Insight and Forecast in West Liguria, Italy

The Real Estate Market in Liguria in 2022: A Look at the Performance and Trends

The Real Estate Market in Liguria in 2022: A Look at the Performance and Trends

The real estate market in West Liguria, Italy, saw a significant surge in demand and growth in the year 2022. The region, famous for its scenic coastline, stunning views and rich cultural heritage, has long been a popular destination for both domestic and international buyers. The market has been experiencing steady growth in recent years, but in 2022, it reached new heights.

According to the Tax and Revenue Agency, the number of homes sold in the region increased by 13% in 2022 compared to the previous year. This growth was largely driven by an increase in demand from foreign buyers, particularly from France, Germany, Scandinavia and USA. These buyers were attracted by the region’s excellent quality of life, favourable climate and proximity to an International airport.

The average price of homes in Liguria also saw a significant increase in 2022, rising by 7% compared to the previous year. This was driven by a combination of factors, including a shortage of available properties, increased demand from buyers, and rising costs for building materials. Despite these increases, prices in the region still remain relatively affordable compared to the neighbouring French Riviera, making it a better option for many buyers.

Continue reading The Real Estate Market in Liguria in 2022: A Look at the Performance and Trends