Real Estate in Modena, Italy
Last updated on Oct 01, 2024
Summary: The average cost of a nice 2 bedroom home in Modena, 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 a fully equipped kitchen. Some may also include a balcony or terrace. There are no restrictions on foreign ownership for properties in Modena. Expats should search for a home to buy in Modena by using online real estate portals, such as Immobiliare.it, or by contacting a local real estate agent. The most desirable neighborhoods in Modena include the historic center, the university area, and the area around the train station. These areas are known for their vibrant culture, excellent restaurants, and easy access to public transportation.
How do I find a place to live in Modena?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Modena is to search online for rental listings. Websites such as Immobiliare.it, Casa.it, and Idealista.it are great resources for finding apartments, houses, and other types of rental properties in Modena. Additionally, you can also search for rental listings on social media platforms such as Facebook and Instagram. Additionally, you can also contact local real estate agents who specialize in rental properties in Modena. They can provide you with more information about the rental market in the area and help you find the perfect place to live," said one expat who made the move to Modena.
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What is a typical expat home or apartment like in Modena?
"Expat homes and apartments in Modena are typically modern and spacious, with high ceilings and large windows that let in plenty of natural light. Many of the apartments have balconies or terraces, offering stunning views of the city and surrounding countryside. The interiors are often decorated with contemporary furnishings and artwork, and the kitchens are well-equipped with modern appliances. Modena is a vibrant city, and expats can enjoy a wide range of amenities, from excellent restaurants and cafes to cultural attractions and outdoor activities," said one person in Modena.
What is the average cost of housing in Modena?
If you are thinking about moving to Modena, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Modena 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 for larger properties outside of the city center can be significantly lower," remarked one member in Modena.
Should I buy or rent a home in Modena?
If you have not spent a lot of time in Modena, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Modena can be a great investment. The city is known for its rich culture, beautiful architecture, and vibrant atmosphere. The cost of living is relatively low compared to other cities in Italy, making it an attractive option for those looking to purchase a home. Renting a home in Modena can also be a great option, as it allows you to experience the city without the commitment of buying a home. Additionally, the rental market in Modena is quite competitive, so you may be able to find a great deal on a rental property. Ultimately, the decision to buy or rent a home in Modena will depend on your individual needs and preferences," said one expat in Modena.
What do I need to know when buying property in Modena?
When we asked expats what advice they would give a foreigner before buying a property in Modena, they said:
"When buying property in Modena, it is important to research the local market and familiarize yourself with the local laws and regulations. It is also important to understand the tax implications of buying property in Italy, as well as the costs associated with the purchase. It is also important to consider the location of the property, as well as the condition of the property and any potential renovations that may be necessary. Additionally, it is important to ensure that the property is free from any legal issues or encumbrances. Finally, it is important to work with a qualified real estate agent or lawyer to ensure that the purchase process is completed correctly," explained one expat in Modena.
Are foreigners allowed to own property in Modena?
When we asked expats what advice they would give a foreigner before buying a property in Modena, they said...
"Yes, foreigners are allowed to own property in Modena. Non-Italian citizens are able to purchase 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. Foreigners may also be required to obtain permission from the Italian government before they can purchase property in certain areas," explained one foreigner living in Modena, Italy.
What appliances are typically included in a rental?
We asked foreigners in Modena 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:
"Rental properties in Modena typically include a refrigerator, stove, oven, and washing machine. Some properties may also include a dishwasher, microwave, and other small appliances. Furniture is usually not included in the rental, but may be available for an additional fee," wrote one expat who made the move to Modena.
Additional Information about Searching for a Home in Modena:
We asked foreigners in Modena 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 can search for homes in Modena by looking online for real estate listings, contacting local real estate agents, and searching for rental listings on websites such as Airbnb and HomeAway. Additionally, expats can look for housing options through online forums and social media groups dedicated to expats living in Modena," explained one person living in Modena, 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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