You dream of living in Italy but we are what is the right budget to take on this trip. In this article, we try to give an answer to this question, understanding the latest prices for a house in the country.
Certainly, the first thing to note is that there is a lot of difference between different parts of the country. Generally, in fact, the south is cheaper than the north, and this is also reflected in house prices. There are many celebrities who in recent years have decided to buy houses in Italy, which is considered one of the most beautiful countries in the world in which to spend their vacations or even their lives.
In this article:
But how much does life cost in Italy?
World Data’s annual global cost-of-living index establishes a baseline score of 100 for the United States and compares the cost of living to other countries. According to the index, Italy’s score is 86.2, indicating that daily living expenses in Italy are 13.8% lower than those in America.
How much does it cost to buy a house in Tuscany and Italy?
Among the areas taken most by storm for house purchases by foreign people is definitely Tuscany. Most famous for Florence, Pisa, Siena, and other medieval cities, this region offers a mix of history and nature that leaves you speechless with splendid landscapes (check it out the best medieval attractions to see in Tuscany).
However, according to information from My Dolce Casa, a research site on living abroad, Tuscany is the fourth most expensive region to buy a home. It is reported to be $470,000 (annual change, +0,40%) for a 2,000-square-foot property or $235 per square meter. A much higher number, for example, than the neighboring region of Umbria, where a property of the same size costs $214,000, $107 per square meter.
Among famous people who decided to buy a house in Tuscany and Umbria, there are Sting, Colin Firth, Ed Sheeran, Frances Mayes, Racheal Ray, and Debi Mazar.
These are the five regions with the highest housing costs according to My Dolce Casa with the annual changes:
Trentino-Alto Adige: $538,000 (+3,2%)
Aosta Valley: $522,000 (+6,4%)
Liguria: $496,000 (+2,1%)
Tuscany: $470,000 (+0,4%)
Lazio: $432,000 (-1,2%)
If you are looking to get other free information about buying a house in Tuscany or in Italy, we can help you. Get in touch with us by writing an email to email@example.com and we will answer you as soon as possible.
Cover Photo: David Mark, Pixabay