The Top 10 Cities to Buy and Sell Property in Italy in 2024

Italy has long been a desirable destination for real estate investors, offering a blend of historic charm, vibrant culture, and stunning landscapes. Whether you are looking to buy a vacation home, invest in rental properties, or sell in a lucrative market, Italy provides a range of opportunities. In 2024, several cities are emerging as hotspots for buyers and sellers. Here’s a breakdown of the top 10 cities to consider for property transactions in Italy this year.

1. Milan

Milan remains Italy’s financial powerhouse and a major global hub for fashion and business. In 2024, its real estate market continues to thrive, driven by high demand for both residential and commercial properties. The city’s dynamic economy makes it an attractive option for investors, with luxury apartments, offices, and retail spaces all holding significant value. Areas like Porta Nuova and Brera are especially appealing to high-end buyers.

2. Rome

As Italy’s capital, Rome offers a mix of history, culture, and modern amenities, making it a prime location for investment in real estate. While central districts like Trastevere and Monti are always in demand, emerging neighborhoods such as Ostiense are seeing renewed interest, thanks to ongoing urban regeneration projects. The city’s historic significance and tourism draw ensure strong property value appreciation.

3. Florence

Florence, the heart of Tuscany, attracts foreign investors and buyers drawn to its rich cultural heritage and beautiful landscapes. The city’s limited supply of properties, combined with a steady influx of buyers seeking vacation homes and short-term rentals, has driven prices upward. The city center and nearby countryside remain excellent choices for property investments, particularly in the luxury market.

4. Naples

Naples is seeing a renaissance in 2024 as investors recognize its potential for high returns on real estate. Historically underappreciated, Naples offers affordable property prices compared to other major Italian cities, yet it boasts a rich cultural scene and a strategic location by the Mediterranean. Areas such as Vomero and Posillipo are gaining traction among international buyers, making it a great time to invest.

5. Turin

Turin, often overshadowed by Milan, is becoming a serious contender in Italy’s property market. Known for its baroque architecture and growing tech and automotive industries, Turin offers excellent opportunities for buyers looking for undervalued properties in a city with high growth potential. The city center and areas surrounding the Politecnico di Torino are in high demand due to increasing student and professional populations.

6. Bologna

Bologna’s reputation as a thriving university city makes it an excellent location for property investors focused on rental yields. The demand for student housing is high, and with its central location, Bologna is a gateway to the rest of Italy. In 2024, the city’s real estate market is characterized by stable growth, with properties in the historic center offering the best long-term investment prospects.

7. Verona

Famous for its Shakespearean connection, Verona is more than just a romantic destination; it’s also an attractive real estate market. Verona’s strategic location between Milan and Venice makes it a logistical hub for businesses and tourism. The real estate market is buoyed by a steady demand for both residential and commercial properties, with significant growth expected in 2024 in areas like Borgo Trento and the Valpolicella wine region.

8. Venice

Venice remains one of Italy’s most iconic cities, and while its unique layout and tourist-heavy appeal have historically inflated property prices, there are still opportunities for savvy investors. Properties in lesser-known islands such as Giudecca are becoming popular, offering more affordable options while still within reach of the main city. With tourism returning to pre-pandemic levels, short-term rental properties are particularly lucrative in 2024.

9. Genoa

Genoa, a historic port city, is undergoing a revival with increased investments in infrastructure and real estate. Property prices in Genoa remain lower than in other major Italian cities, but ongoing urban regeneration presents an excellent opportunity for early investors. Areas near the waterfront, such as Porto Antico, are especially attractive for those looking to buy and sell properties with high potential for appreciation.

10. Palermo

The capital of Sicily, Palermo, has emerged as a hotspot for real estate investment, especially for international buyers. Palermo’s affordability, rich history, and cultural attractions make it an ideal location for those looking to purchase a second home or invest in rental properties. In 2024, neighborhoods like Mondello and the historic center are particularly popular, offering good prospects for capital growth.

Conclusion

Italy’s property market in 2024 offers diverse opportunities, from high-end investments in Milan and Florence to more affordable, emerging markets in Naples and Palermo. Whether you’re a buyer seeking long-term value or a seller looking to capitalize on rising demand, these top 10 cities provide strong potential for profitable property transactions.