Why More North Americans Are Investing in Real Estate in Italy

A strategic opportunity combining lifestyle, legacy, and long-term value.

By Atty Adriana Ruggeri

Introduction
Italy has long captured the imagination of North Americans—for its culture, cuisine, and countryside. But today, it's also becoming an increasingly attractive destination for real estate investment. Whether it’s a Tuscan farmhouse, a seaside villa in Sardinia, or a city flat in Milan, Italy offers unique opportunities for those seeking both lifestyle and long-term value.

Why Italy? The Investment Appeal
  • Affordable Luxury: Compared to major cities in the U.S. and Canada, Italian properties—especially outside big cities—are surprisingly accessible in price.
  • Cultural and Lifestyle Appeal: Art, history, food, wine… many North Americans dream of owning a part of “la dolce vita.”
  • Legacy & Citizenship: Real estate ownership in Italy may not grant citizenship, but it complements a broader heritage-based return for many Italian descendants pursuing dual citizenship.
  • Booming Short-Term Rental Market: In tourist-heavy regions, properties can generate excellent returns via platforms like Airbnb.
Legal Considerations: What Foreign Investors Need to Know
  • Yes, You Can Own Property: There are no restrictions on Americans or Canadians buying property in Italy.
  • Due Diligence is Crucial: From checking the property’s legal status to confirming urban planning compliance, Italian real estate can be complex.
  • Taxes & Fees: Buyers should be prepared for purchase taxes, notary fees, and annual property taxes.
  • Inheritance Law: Italy applies forced heirship rules—essential to consider if you plan to pass the property to heirs.

How We Can Help
At Coco Ruggeri Law Associated, we guide North American clients through the entire process—from selecting a property, to verifying its legal and fiscal status, to completing the sale securely. We also assist with:
  • Cross-border tax planning
  • Structuring ownership (individual, company, trust)
  • Visa or residency options
  • Legacy and succession planning

Ready to Invest?
Whether you’re looking for a second home, a retirement plan, or a smart long-term investment, buying property in Italy can be more than a dream—it can be a reality. And with the right legal support, it can be a smooth and rewarding process.
Contact us today to start your Italian real estate journey.

< Go Back