€2.5 million
Apartment in the historic centre of Milan
Property Investment in Italy as a Foreigner
Foreigners can buy, sell, and rent out real estate without restrictions in Italy.
Statistics confirm the liquidity of investments: the price of residential real estate grows every quarter by an average of 1%. Seven years ago, an apartment of 100 m² cost an average of €290,000, and today it is sold for €400,000.
€4,000
Average price per 1 m²
1%
Average price growth per quarter
9—33%
Associated costs, of the property value
How the residential property price index is growing in Italy
Cost of a 3-bedroom apartment in Italy
€1.5 million
Apartment in a 10-minute drive from the Milan Cathedral
€400,000
Apartment in Genoa, Turin
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Italy residency or citizenship by real estate investment
Obtaining an Italian residence permit and citizenship is not directly connected with purchasing real estate.
Italy has a program for getting a residence permit by investing in the country’s economy. The investment amount ranges between €250,000 and €2,000,000. There is no option for investing in real estate.
In 2024, Italy launched the Digital Nomad Visa for remote workers. It allows a foreigner to obtain a renewable residence permit for a year. Renting or buying a residential property in Italy is a prerequisite for applicants.
Digital nomads are eligible to apply for permanent residency after living in Italy for 5 years. However, they must spend more than 183 days a year in the country. Permanent residency is issued indefinitely, but the resident card must be renewed every 5 years.
Italian citizenship is granted after 5 years of residence with a permanent residence permit. During this time, a resident cannot leave the country for more than 10 months in total for the entire period. It is also necessary to demonstrate knowledge of the Italian language on the B1 level.
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Taxes and associated costs
Countries to buy a property and get residency or citizenship
We offer proven properties that comply with the conditions of government programs for investors. You can buy real estate and obtain a residence permit or citizenship.
Country
Property investments
Status
Obtaining time
€375,000+
Permanent residency
6+ months
Show 11 properties
€375,000+Permanent residency6+ months
AED 750,000+
Residence permit
2+ months
Show 154 properties
AED 750,000+Residence permit2+ months
Not limited
Residence permit
4+ months
Show 36 properties
Not limitedResidence permit4+ months
Not limited
Residency after D Visas
6+ months
Show 73 properties
Not limitedResidency after D Visas6+ months
40+ guides with European countries
Find out how much it costs to buy and rent real estate in each country, what the market dynamics are and what taxes you need to pay when buying and selling.
Property Investment in North Macedonia as a ForeignerForeigners can buy and sell properties with the approval of the Ministry of Justice.
€985
Average price per 1 m²
1,4%
Average price growth per quarter
Property Investment in Monaco as a ForeignerForeigners can freely buy, lease, and sell real estate in Monaco, except for properties near the residence of the Prince of Monaco.
€75,200
Average price per 1 m²
1.6%
Average price growth per quarter
Property Investment in Lithuania as a ForeignerForeigners can freely buy, sell and rent out real estate in Lithuania.
€3,700
Average price per 1 m²
2.5%
Average price growth per quarter
Property investment in Hungary as a foreignerHungary doesn’t limit sales of properties and land to foreigners, except for agricultural land and architectural monuments. However,...
€2,900
Average price per 1 m²
3.4%
Average price growth by quarter
Property Investment in France as a ForeignerForeigners can freely buy, lease, and sell real estate in France.
€5,800
Average price per 1 m²
1.1%
Average price growth per quarter
Property investment in Denmark: updated guide for foreign buyers in !yearDenmark limits real estate sales to foreigners: one must have a residence permit and live in the country for at least five years to buy...
€5,300
Average price per 1 m²
1.5%
Average price growth per quarter
Material prepared by Igor Buglo, Head of the Maltese office, MBA
Updated:
Frequently asked questions
Yes. All foreigners are allowed to buy real estate in Italy. There are also no restrictions on the sale and rental of real estate, either.
Yes. Real estate properties in Italy are liquid assets. The price of residential real estate is growing every quarter by an average of 1%. Five years ago, an apartment of 100 m² was worth an average of €290,000, and today it can be sold for €309,000.
Foreigners in Italy can also freely buy, sell, and rent out real estate.
Buyers of real estate in Italy pay value-added tax for new buildings or registration tax for secondary real estate and additional fees. The associated costs will be from 9 to 33% of the contract’s value.
Property owners pay an annual ownership tax of 0.4 to 0.76% of the cadastral value.
Sellers of real estate pay capital gains tax on a progressive scale of 0 to 43%.
No. Italian citizenship cannot be obtained by investment. But foreigners can partake in the Italy residence permit program first. After 10 years of permanent residence in the country, they can get Italian citizenship by naturalisation on a general basis.
To get a residence permit in Italy, investors can choose one of four options:
€250,000+ — investments in innovative startups;
€500,000+ — investments in the authorised capital of Italian companies;
€1,000,000+ — investments in socially significant projects;
€2,000,000+ — purchase of government bonds.
Yes, foreign investors are typically subject to the same regulations and procedures as domestic investors when establishing a business or making investments in Italy.
Italy has a program for getting a residence permit by investing in the country’s economy. The investment amount ranges between €250,000 and €2,000,000. There is no option for investing in real estate.
In 2024, Italy launched the Digital Nomad Visa for remote workers. It allows you to obtain a residence permit for a year with the possibility of extension.
The situation varied depending on the region and property type. In Italy, like in many other countries, there have been shifts in housing preferences, with increased demand for properties with outdoor space, larger living areas, and good internet to accommodate remote work.
The average price of a house in Italy is around €4,000 per square metre. However, this is a rough estimate, and prices can vary widely depending on the factors. In major cities like Rome, Milan, or Florence, prices are typically higher, while in rural areas or smaller towns, prices may be more affordable.