Marche is a beautiful region located in central Italy, renowned for its stunning landscapes, charming towns, and rich cultural heritage.
In recent years, the demand for real estate in Marche has increased, and this trend is likely to continue in the future.
The average price per square meter for property in Marche is €1,433. This figure is slightly higher than the national average of €1,324 per square meter. However, the price can vary depending on the location, size, and condition of the property. A small apartment in a rural area can be priced as low as €800 per square meter, while a luxury villa in a prime location can cost up to €5,000 per square meter.
One of the primary factors that drive the demand for real estate in Marche is its location. Situated between the Apennine Mountains and the Adriatic Sea, Marche is a perfect blend of natural beauty and coastal living. Additionally, the region is well-connected to other parts of Italy, with several major airports and highways within easy reach.
The region’s popularity among foreign buyers is another key factor contributing to the rise in property prices in Marche. Many people from northern Europe, the United Kingdom, and the United States have discovered the charm and beauty of Marche and are buying properties as vacation homes or permanent residences. This has increased competition for real estate, driving up prices.
Looking to the future, it is challenging to predict the exact path of property prices in Marche. However, some factors suggest that prices may continue to rise. For example, the Italian government has introduced tax incentives for those who buy properties in Italy, which could attract more foreign buyers to Marche. Additionally, the region’s popularity as a tourist destination is likely to increase, further driving demand for real estate. Properties in urban areas such as Ancona, Pesaro, and Macerata are generally more expensive than those in rural areas. For example, the average price per square meter in Ancona is €1,716, while in rural areas like Fermo and Ascoli Piceno, the price per square meter can be as low as €800.
The condition of the property is also a crucial factor that affects its price. Properties in need of renovation or repair are typically cheaper than those in good condition. For instance, a property that requires substantial renovation work in a prime location can cost less than €1,000 per square meter, while a fully renovated villa in the same area can cost up to €5,000 per square meter.
It’s worth noting that the demand for certain types of properties in Marche can also affect their price. For example, there has been an increasing demand for properties with outdoor spaces, such as gardens, terraces, or balconies, since the start of the pandemic. Properties with these features tend to be priced higher than those without.
The Marche real estate market offers a diverse range of properties to suit different budgets and preferences. Buyers who are willing to invest in renovation projects can find excellent deals in prime locations, while those who prefer ready-to-move-in properties may have to pay a premium. It’s essential to work with a reputable real estate agent and conduct thorough research before making any investment in the Marche property market.