Property prices in Italy are falling, with Veneto experiencing the steepest decline at 8.5%, according to the latest data. However, the drop in prices has been countrywide with every region affected.
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Casino dell’Aurora, the Rome villa which is home to the world’s only surviving Caravaggio ceiling mural, went up for auction for the second time on Thursday. Once again, there were no bidders.
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Twenty-two historical properties owned by Italy’s Demanio State property agency are being put out under concession for up to 50 years. The aim is to remove them from the threat of degradation.
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Villa Aurora, the only one in the world with a Caravaggio ceiling mural, fails to sell at auction. It was valued at €471million, with a reserve price of €353million. The mural alone is valued at €310million.
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A study published by research institute Scenari Immobiliari (Real Estate Scenarios) shows property sales to foreigners living in Italy fell by around 50% since the start of the pandemic.
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Numebo track the cost of living across the world. Their findings show Italy is one of the most expensive southern European countries for expats.
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Sharp Entertainment are looking to document Americans who are “picking up their lives to find and buy their dream home/villa/mansion – all outside of the country.” Are you American and looking for your dream home in Italy? This could be your chance to star in a new series.
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