Real Estate in Genoa, Italy
Last updated on Feb 07, 2024
Summary: The average cost of a nice 2 bedroom home in Genoa, Italy is around €200,000, while a nice 3 bedroom home can cost around €250,000. These properties typically include modern amenities such as air conditioning, central heating, and updated kitchens and bathrooms. There are no restrictions on foreign ownership for properties in Genoa. Expats should search for a home to buy in Genoa by using online real estate portals, such as Immobiliare.it, or by contacting a local real estate agent. The most desirable neighborhoods in Genoa include the historic center, the area around the harbor, and the neighborhoods of Albaro, Castelletto, and San Fruttuoso.
How do I find a place to live in Genoa?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One way to find a place to live in Genoa is to search online for rental listings. Websites such as Idealista, Immobiliare, and Casa.it are popular rental sites in Italy and offer a variety of listings in Genoa. Additionally, you can search for rental listings on social media platforms such as Facebook and Instagram. You can also contact local real estate agents who specialize in rentals in Genoa. Finally, you can ask around in the local community for recommendations and advice on finding a place to live," said one person in Genoa.
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What is a typical expat home or apartment like in Genoa?
"Expat homes and apartments in Genoa are typically modern and spacious, with high ceilings and large windows that let in plenty of natural light. Many apartments have balconies or terraces, offering stunning views of the city and the Mediterranean Sea. Expat homes and apartments in Genoa are typically well-equipped with modern appliances and amenities, such as air conditioning, Wi-Fi, and satellite TV. Many buildings also have elevators and secure entry systems," remarked one member in Genoa.
What is the average cost of housing in Genoa?
If you are thinking about moving to Genoa, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Genoa can vary greatly depending on the size and location of the property. Generally, the average cost of a one-bedroom apartment in the city center is around €800-€1,000 per month, while a two-bedroom apartment can cost up to €1,500 per month. Prices outside of the city center tend to be lower, with one-bedroom apartments costing around €600-€800 per month and two-bedroom apartments costing up to €1,000 per month," said one expat in Genoa.
Should I buy or rent a home in Genoa?
If you have not spent a lot of time in Genoa, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Genoa can be a great investment. The city is known for its rich history and culture, and its proximity to the Mediterranean Sea makes it a desirable place to live. The cost of living in Genoa is relatively low compared to other Italian cities, and the real estate market is stable. If you plan to stay in Genoa for a long period of time, buying a home may be the best option. However, if you are only planning to stay for a short period of time, renting a home may be the more cost-effective option," said one expat in Genoa.
What do I need to know when buying property in Genoa?
When we asked expats what advice they would give a foreigner before buying a property in Genoa, they said:
"When buying property in Genoa, it is important to research the local market and familiarize yourself with the local laws and regulations. It is also important to hire a qualified lawyer to help you navigate the legal process and ensure that all paperwork is in order. Additionally, it is important to consider the location of the property and the surrounding area, as well as the condition of the property and any potential renovations that may be necessary. Finally, it is important to budget for any additional costs associated with the purchase, such as taxes, fees, and closing costs," said one expat in Genoa.
Are foreigners allowed to own property in Genoa?
When we asked expats what advice they would give a foreigner before buying a property in Genoa, they said...
"Yes, foreigners are allowed to own property in Genoa. According to Italian law, foreign citizens are allowed to purchase and own property in Italy, provided they have a valid residence permit. The process of purchasing property in Italy is similar to that of other countries, and involves obtaining a mortgage, signing a purchase agreement, and registering the property with the local land registry office," remarked one foreigner who made the move to Genoa.
What appliances are typically included in a rental?
We asked foreigners in Genoa what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Genoa, rental properties typically include a refrigerator, stove, oven, washing machine, and dishwasher. Additionally, some properties may include air conditioning, a clothes dryer, and a microwave," said one in Genoa.
Additional Information about Searching for a Home in Genoa:
We asked foreigners in Genoa what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats looking for homes in Genoa can search online for real estate listings, contact local real estate agents, or look for rental postings on websites such as Airbnb or HomeAway. Additionally, expats can search for homes in Genoa by attending open houses or visiting local neighborhoods to get a better feel for the area," explained one foreigner living in Genoa, Italy.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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