Property market: Puglia and Ostuni are the preferred destinations to buy a second house

30 October, Ostuni Live

Also for this year, the numbers published by the portals Casa.it and Gate-away.com confirm the trend of growth, especially for what concerns international buyers, when it comes to buying a second house in Puglia. 

Property sales in Puglia continue to grow, especially for the part concerning international investors. The region represents 5.9% of the Italian market, with over 30 thousand sales in 2016 and with an increase of 13% in the current year.

These data are confirmed by the 2017 report on the real estate market in Puglia, made by Scenari Immobiliari, in collaboration with Casa.it. The portal dedicated to international investors Gate-away.com also confirms the same trend.

Sales concern mostly second houses according to the 2017 dossier. According to Scenari Immobiliari, the transactions are expected to grow further by 3.3%. Therefore, Puglia registers a better trend than the other southern regions, with a more accentuate increase of sales till 2020, when transactions are expected to reach 36,500.

Mario Breglia, Scenari Immobiliari president, stated: “In Puglia, there is a high concentration of international investments. The average expense for a second house is close to 600 thousand euro, but higher investments for over one million euro are also frequent. Over the last ten years, the main touristic destinations in Puglia have shown an increase in sales by families from abroad equal to 242%”.

In the province of Brindisi, Ostuni, with 22.17% of the requests, is the favourite city where to buy a house for international buyers.

The report shows another interesting fact: international investors, especially Russians, British and Germans are particularly interested in buying houses in the countryside in farmhouses typical of the region, with an average expense close to 600 thousand euro.

Source: Ostuni Live

Translator: Cristina Ambrosi

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