Renter-Included Apartment 2 in Major Italian City

Price on request
Via San Secondo, Torino,
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Overview

  • Updated On:
  • May 17, 2023

Description

  • Invest in real estate in Italy
  • Renter-included apartment,
  • Relatively safe market
  • Low prices compared to the EU.
  • Situated at a a prime location in a major Italian city,
  • Well-connected to destinations across Europe and the rest of the world.

 

Continue reading to learn about the apartment and the attractive Italian real estate market.

 

Renter included

The ground-floor apartment is sold as an investment and with renter included, so that you need minimal effort to generate a return on your investment.

 

Italy remains a relatively safe investment market, with lower prices than other European markets and opportunities for capital growth, as well as increased interest from around the globe.

 

Low cost of energy

Originally built in the early 1900s and fully renovated in 2005, the apartment has double glazing and good energy-efficiency scores (Label B; 80.1652 kWh/m2), which is ever more important in times of rising energy prices. Heating, cooling, and centralised hot water with heat pumps. Electric window blinds.

 

The district: prestigious and upper middle class

The apartment is located in the prestigious district Crocetta, which is home to (upper) middle class residents. It borders on the historical city center and is home to Polytechnic University of Torino. This makes it a desirable neighbourhood for renters.

 

Torino is a quintessentially Italian city, with palazzos and wide boulevards, good food and art, beloved by many. The Alps’ snow-capped peaks are visible from the city streets, and are a beloved weekend destination for locals and tourists alike.

 

Well-connected to Italy and Europe

The apartment is located 5 minutes from Torino’s main train station, from where high-speed trains run daily to major Italian cities, as well as to Paris, France. From close-by Milan, trains leave for Zürich, Geneva and Bern.

 

This means the apartment is well-connected to economic activity all over Italy and to beloved cities across Europe, making it potentially attractive for renters with an affluent lifestyle.

 

The airport of Torino is a 25 minute drive away, connecting the apartment to direct flights all over Europe.

 

The apartment is connected to worldwide destinations via the airport of Milano, which takes about an hour more to reach.

 

On the Italian real estate market

Italy remains a relatively safe investment market, with low prices compared to other European markets and opportunities for capital growth. 

 

Cushman and Wakefield

Cushman and Wakefield, a global, multi-billion real estate firm, writes about Italy that ‘2021 data show sound results in both occupier and investment markets. […] Capital flows for real estate are still robust and Italy is well positioned to attract them, thus 2022 is projected as another good year. […] Institutional investors continue to increase their positioning in the Living sector, building new stock by acquiring lands mainly in Milan. It is catching great interest from both domestic and foreign investors.’

 

Growth of economy and real estate market

Italy’s economy grew 6.6% in 2021 and the OECD expects it to continue to grow this year, at 2.5%. 

 

House prices grew 5.2% year-on-year in June 2022, and prices remain relatively low compared to other European nations, which creates an opportunity for capital growth.

 

When selling a property after having owned it for five years, profits are free from capital gains tax, which increases the return on investment.

 

Attractiveness of letting apartments

An analysis by Bloomberg Economics shows that price-to-rent ratios and price-to-income ratios have remained stable in Italy since 2015. Bloomberg writes that, in non-Italian nations, those ratios are potentially too high for stability, but not in Italy.

 

Lower price-to-rent ratios are more attractive when letting property, because the purchase price of property is lower compared to the rental yield. In countries with higher price-to-rent ratios, investors need to invest more to achieve the same rental yield.

 

With a potential recession approaching and in stock market volatility, investing in Italian real estate still offers a relatively safe investment, allowing you to hedge your portfolio.

 

Interesting in particular for American buyers

Because of the current dollar to euro exchange rate, investing in Italian real estate is even more attractive for American buyers, and Bloomberg observes increased interest in Italian real estate from US buyers.

 

Italy is the 9th biggest economy in the world, and the 3d biggest economy in the EU. 

 

Italy is attractive to investors because of its relatively affluent domestic market, security, access to European markets, proximity to emerging economics in North Africa and the Middle East, skilled workforce, and focus on R&D.

 

If you are interested in investing in real estate in Italy, please reach out to us through our contact page or via Whatsapp. We would love to hear from you.

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80.1642 kWh/m²a | Your energy class B

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Address: Via San Secondo, Torino
City:
State/County:
Country: Italy
Open In Google Maps
Property Id : 32054
Energy index: 80.1642 kWh/m²a
Energy class: B
Other Features
Airconditioning
Apartment
Balcony
Central heating
City
Elevator
Private parking space

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