The historic centre is coveted for proximity to museums, boutiques, and fine dining, while Oltrarno and the hills of Fiesole and Settignano deliver exclusivity and panoramic outlooks. Buyers also target restored estates on the city’s periphery, sought after for generous land and privacy. International families, investors, and artists create a dynamic market where traditional homes and contemporary renovations coexist.
Florence offers an exceptional blend of residential privilege and long-term investment. International acquirers are drawn to its artistic atmosphere, superior gastronomy, and vibrant community, while the city’s architectural profile – from majestic palazzos to historic farmhouses – ensures lasting appeal. Acquisitions often centre on properties enhanced by original features such as frescoed ceilings or panoramic city views. Purchase processes reflect Italy’s customary rigor, with a notarial system offering security. Distinctively, a significant proportion of premium residences transact off-market, reinforcing Florence’s reputation for discretion.
Ownership structures are straightforward, with freehold arrangements prevailing. Due diligence, conducted by multilingual professionals, is essential given the nuance of Italian property law. The process involves submitting a formal offer, negotiating contracts, securing fiscal codes, and finalizing transactions with a notary. Mortgages are available, though many buyers finance acquisitions privately. Non-residents may find the process unfamiliar, making expert representation advisable.
Short-term rentals, particularly in central districts, appeal to both tourists and working professionals, while the countryside supports extended lets. Regulations govern short-term letting, including registration requirements and local taxes. Yields are buoyed by sustained visitor interest, but effective management and compliance are essential to maintaining returns and property condition.