Real Estate Market Analysis at Lake Maggiore

13 December 2019

We are at the end of the year and it is time to take stock. 2019 closes in positive terms, thanks to the increase in property sales in the Lake Maggiore market.

Customers
What gave more liveliness, was the luxury market, thanks to the always high demand of foreign customers. This market share fluctuates around 80% and is made up of customers who buy luxury villas.
Indeed, they come from Switzerland, Holland, Germany. Finally, even if with a slowdown due to Brexit, also from the United Kingdom.

Property type
The houses for sale, the object of purchase are partly used as a main residence, for the next or retired customers and partly as second holiday homes.
Even the domestic market has had a recovery. Mainly the houses bought by the Italians, are real estate partly used personally or as investment houses.
So much so that many two-room and three-room apartments are offered for rent, for weekly rentals.
The villas for sale on Lake Maggiore have a range of prices between € 500 and € 700,000.
Different chapter, for the luxury villas for sale, like the historic villas that start from the million upwards, in some cases for the exclusive villas of Lake Maggiore 15 million are reached.

Prices

Although the number of transactions has increased, prices remain stable compared to 2018. This trend is particularly favorable, as it continues to stimulate customers to buy a property on Lake Maggiore.
A further incentive to purchase is the positive conditions of the banking market, which is interesting for Italians. Foreigners apart from a few sporadic cases, generally have the necessary liquidity.

Seasonality
We observe an increased search for properties to buy even in autumn and winter. Thanks to this trend, the purchase of houses in Stresa and its surroundings is no longer tied to seasonality. This makes it possible to evaluate the properties even in the least favorable seasons for the tourist flow. Always the most sought after and known area and Stresa, with the heritage of its beautiful period villas. But also the whole area of ​​Lake Maggiore that goes from Arona, passing through Lesa, Belgirate, Verbania to Cannobio is very attractive.

Market Forecasts
We see an interesting 2020. Our forecasts for 2020 are positive. However, price increases are not expected, so Lake Maggiore remains a highly attractive destination. More and more media are praising its beauty and contributing to the spread of knowledge worldwide.

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