Quality of life in Italy in 2020

Every year, the newspaper Il Sole 24 Ore publishes a ranking of the Italian provinces based on the quality of life. To makes up this ranking they consider 90 factors in the following 6 categories: Wealth and Consumption, Environment and Services, Justice and Security, Business and Work, Population and Community and finally Culture and Leisure. In Italy there are 107 provinces in 20 regions. After taking into account the average of the score of each province, this is the ranking of the regions:
1. Trentino-South-Tyrol (561), 2. Aosta Valley (551), 3. Friuli-Venezia Giulia (545), 4. Emilia-Romagna (535), 5. Marche (525) and Veneto (525), 
7. Umbria (520), 8. Tuscany (513) and Lombardy (513), 10. Piedmont (511), 11. Liguria (508), 12. Abruzzi (506).
The regions with a score below the national average are: 
13. Sardinia (502), 14. Molise (492), 15. Basilicata (491), 16. Lazio (487), 17. Campania (456) and Puglia (456), 19. Sicily (435) and Calabria (435). 

Needless to say that a place where it is good to work and live is not necessarily equally good for a home for retired people or for a second home for holidays and/or holiday rentals. That is why we have selected 35 of the 90 quality of life factors that are of interest to retirees or second home owners to make a new ranking. In our case the emphasis will be more on the categories Justice and Security, and Culture and Leisure, and less on Wealth and Consumption and Business and Work. Below you will find the ranking of the regions and provinces based on only 35 factors and the comparison with their ranking in the list of Il Sole 24 Ore based on all the factors that determine the quality of life.

Rangschikking regio's Italiƫ 2020
2020 Ranking of Italian regions for quality of life for second homes

Rangschikking provincies Italie 2020
2020 Ranking of Italian provinces for quality of life for second homes 

On this page you will find the full list of factors which were used by Il Sole 24 Ore to rank the provinces of Italy according to the quality of life. You will also find the selection of the 35 factors that we used to create this revised ranking, which is more of interest to retirees or second home owners. You will notice that none of the rankings takes into account factors such as climate, air quality, earthquake risk, proximity to geographic features (sea, lakes, mountains) or places of interest to tourists. These are also factors that play a role in the choice of location for the purchase of a home, especially when you have in mind to rent out your home to tourists. So keep that in mind.

You can read more on our pages about climate and seismic hazard in Italy.

Property in Abruzzo Pescara

This house is located in Moscufo in the province Pescara in Abruzzo. Moscufo (alt. 250m) is a small town with a population of 3.000, which is located at 17 km from sandy beaches in Montesilvano and Pescara (25 minutes drive). The house is located on a slightly sloping land with some olive trees and it was abandoned several years ago. The new owners are planning to build a new modern house on the property. This will first be a holiday home, and who knows, some day soon, home, once the owners fulfill their dream to move to Italy permanently. 

Property in Moscufo

Good luck with your future projects!

Real Estate price evolution in Italy after a year of Covid-19

After a year of Covid-19 it seems like real estate prices in Italy have not undergone significant changes. The trends of December 2019 have been confirmed. Prices are increasing in the most touristic and hence most expensive regions of Italy.

In December 2019 the real estate market showed evidence that the bottom price had been reached in Sardinia, Liguria and Tuscany. In 2020 the trend was confirmed and after many years of price decreases the Tyrrhenian Sea regions are now showing relevant price increases: Sardinia +8,28%, Tuscany +3,99%, Campania +3,05% and Liguria +0,88%. Also Lazio, Emilia-Romagna, Lombardy and Veneto, the regions which most suffered from Covid-19 in 2020, show price increases.

Real Estate prices Italy 2021

In all other Italian regions prices continued to go down. The biggest price decreases were in Sicily -5,49%, Abruzzo -3,88% and Piedmont -3,64%. (source: www.immobiliare.it)

Covid-19 surged the demand for countryside property from Italian buyers and the demand from abroad seems to be growing rather steadily. For the time being the transactions of foreign buyers are slowed down by recurring and ongoing travel restrictions. Once the travel restrictions will be lifted, it is expected that the market activity which was temporarily queued and put on hold will accelerate. It is likely that a boost of transactions and demand will further fuel the Italian real estate market in 2021.

Villa with pool in Marche

This villa with five bedrooms, swimming pool and six hectares of land in the province of Ascoli Piceno in Marche will be the new countryside retreat of a Flemish family.

Villa with pool in Marche
Villa with pool in Le Marche

Improvement work on the house will start soon and the new owners can now enjoy furnishing their house and searching for suitable furniture. The sale was realized in exactly 4 months. Between two Covid-19 waves, an Italian dream came true.
Congratulations with the purchase of your holiday home and good luck!