Liguria, home to the renowned Cinque Terre, ranks at the top of the list for the best places in Italy to rent or buy luxury properties. It offers stunning houses with sea views, spacious apartments in the heart of famous colourful villages, and elegant villas with swimming pools. Liguria is the premier destination for investing in the luxury real estate market in Italy. There are many real estate companies focusing on the Ligurian market; some of them locally based such as LiguriaHomes Casamare, Terra Italia or global firms such as Engel & Völkers with local branches in Portofino.
Living daily life or enjoying unforgettable holidays in a house reminiscent of the Arabian Nights is a dream shared by more and more people around the globe. According to the latest analysis from Fact.MR, the global market for luxury homes that are fully furnished and ready for habitation is projected to reach $580 billion by 2024. This figure is expected to grow to $1,173 billion by the end of 2034, representing a remarkable increase of 102%, with an annual growth rate of 7.3% over the next decade. This trend began in the United States and has now spread to Europe. For instance, Homes-Abroad reports that in the first six months of 2024, the Spanish market is expected to see a 40% increase in transactions involving properties valued at over one million euros. Additionally, Italy remains one of the most appealing countries in the world, thanks to the charm, beauty, and magic of its regions. According to a survey by Metastat Insights, the residential sector of Italian luxury real estate is projected to grow to 5.3 billion euros by 2031, with an annual growth rate of 1% during this period.
Luxury homes in Portofino come with a hefty price tag of over 19,000 euros per square meter. Purchasing such a property is not for everyone, as these are high-end residences. In Italy, Liguria is the most sought-after destination for homes with breathtaking sea views, charming village apartments, and villas featuring swimming pools, particularly in the Cinque Terre region.
19 thousand euros per square meter. Buying a luxury home in Portofino is not for everyone, but after all we are talking about luxury properties. And in Italy, when referring to homes overlooking the sea, apartments in characteristic villages and villas with swimming pools, Liguria is the most sought-after destination. Especially for the Cinque Terre.
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