Living in: Tuscany
The market is currently slow and prices have come down. “Certain vendors are more willing to negotiate or they have withdrawn their property from the market,” said Cvjetkovic. “There has been an overall slowdown in transactions and a longer period between looking and buying.” However, interest is still there from the same type of buyers that have always longed for a slice of the Tuscan pie. “They are in their mid-40s to mid-50s and are either about to retire or want a property for family holidays that they can rent out when they aren’t there,” Cvjetkovic said. These buyers are mostly an international mix of Brits, Germans, Swiss, Americans, Scandinavians and more recently, Russians.
Along the coast, most buyers are looking for free-standing villas and apartments with sea views. Inland, they seek out converted farmhouses, villas or apartments in a converted castle like Castello di Casole, as these often come with other amenities such as a communal pool. In sought-after towns, provinces and regions, apartments start at around 250,000 to 450,000 euros and detached villas and farmhouses start around 1.5 million euros. “It’s very popular to rent villas and apartments directly from owners through rental portals such as Owners Direct, Holiday Lettings, and for very high-end properties, companies like Abercrombie & Kent,” Cvjetkovic explained. Depending on the size and location, these properties can rent for anywhere from 300 to many thousands of euros a week.
Map it Out Tuscany: an expat’s blog and guide to local restaurants, markets, beaches and other local spots
Grapevine: English- language magazine covering Lucca and the surrounding towns, villages and countryside
At Home in Tuscany: a native Tuscan’s photos, posts and observations of living in and travelling around the region