The Tuscan landscape stretches over the Apennines down to the coast. Buyers and sellers are acting, and achieved prices are much closer to asking price
Tuscany has long held appeal as a second home destination, thanks to its charming landscape and the famous cities of Pisa, Florence and Siena.
The region enticed a raft of international buyers in the 1970s and 80s, many attracted by renovation projects. Those properties now need a second (more modest) round of renewal and are the projects for new buyers. Today, foreigners comprise 10% of the resident population.
Perhaps best known for its secluded farmhouses set in olive groves and vineyards, properties close to a town or village are most sought after. Accessibility to amenities also helps with rental potential. Three to four-bedroom properties are in greatest demand, although separate guest accommodation is desirable.
Prices have fallen by up to 30% from their peak, and are starting to stabilise at an average of €2,500 to €4,000psm in the countryside.
Buyers and sellers who have been waiting out the market are now acting, and achieved prices are now much closer to asking. Chianti is outperforming the rest of the region as buyers seek out best-in-class properties.