The prices for real estate in Italy may vary dramatically depending on the area. For example, the cost of houses and villas in such a popular region like Tuscany is quite high. The same can be said about the region of Abruzzo, which is gaining popularity. While more to the south the prices are noticeably lower. One of interesting specifics of this country is a big amount of very old houses that are sold through an auction. Such houses are often unsuitable for living and require a complete restoration, but they are relatively cheap. Also there are lots of old farm houses at a very affordable price that have been renovated and converted into B&B, or small hotels and villas.
HOTELS | from €500,000 euros
The prices for small 5-6 rooms hotels in popular destinations, such as Umbria, for example, start with €500,000 euros. Hotels with 6-10 rooms can cost €500,000 - €700,000 euros, and for 10-15 rooms hotels the price can be around €1,500,000 euros.
VILLAS | from €400,000 euros
The price range for villas that can be used as B&B is pretty wide due to a huge variety of them.
APARTMENTS AND HOUSES | from €40,000 euros
Although in Italy you can find very cheap apartments from €10,000 euros, the cost of apartments that are worth to invest, with the area of 50 sq. m. and more, will be on average €50,000 - €60,000 and more. Detached houses can cost as little as €50,000 euros if they are old and located in rural areas.