Business Day. Alice Kantor. October 21, 2021
Homes in Italian cities and the countryside have always held an allure for foreign buyers. Now the pandemic is supercharging demand from well-off Americans and Britons.
That’s because a range of tax incentives, relatively lower prices and the potential for working remotely has kindled their desire to buy second homes in Italy.
“There’s been a dramatic change in demand,” said Knight Frank agent Bill Thomson, of the real-estate market in Italy. His group recorded the highest increase in interest from Britons and Americans in recent times. “As a business, we’ll have the best year we’ve had in the past 10 years,” he said.