Real Estate in Taormina, Italy
Last updated on Oct 13, 2024
Summary: People living in Taormina, Italy offer advice about real estate. How do you find a home in Taormina? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Taormina?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Taormina, involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a small apartment to a large villa, depending on your needs and financial capabilities. Next, you should research the different neighborhoods in Taormina to find one that suits your lifestyle and preferences. Some areas might be closer to the city center, offering easy access to shops, restaurants, and cultural attractions, while others might be more residential and quiet. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms that list properties for rent or sale in Taormina, such as Immobiliare.it, Casa.it, and Idealista. These websites allow you to filter your search based on various criteria, such as price, size, location, and type of property. In addition to online searches, you might also want to consider hiring a local real estate agent. They can provide valuable insights about the local market, help you negotiate prices, and guide you through the legal procedures of renting or buying a property in Italy. Visiting Taormina in person before making a decision is also highly recommended. This will give you a better feel for the city and its neighborhoods, and allow you to visit potential homes in person. Once you've found a place you like, you'll need to sign a contract. Make sure to read it carefully and understand all the terms and conditions before signing. If you're not fluent in Italian, consider hiring a translator or a lawyer to help you with this step. Finally, once the contract is signed and the payment is made, you'll be ready to move into your new home in Taormina," said one expat in Taormina.
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What is a typical expat home or apartment like in Taormina?
"A typical expat home or apartment in Taormina, is often a blend of traditional Sicilian architecture and modern amenities. These homes are usually located in the heart of the city, close to local markets, restaurants, and cultural landmarks. They often feature terracotta floors, high ceilings, and large windows that let in plenty of natural light. Many apartments offer stunning views of the Ionian Sea or Mount Etna. The living spaces are typically spacious, with a separate living room, dining area, and a fully equipped kitchen. Bedrooms are usually large and comfortable, often with en-suite bathrooms. Many homes also have outdoor spaces, such as a balcony or a terrace, where residents can enjoy the Mediterranean climate. Despite the historic exterior, these homes often feature modern comforts such as air conditioning, high-speed internet, and modern appliances. The decor often reflects the local culture, with a mix of contemporary furniture and traditional Sicilian touches," said one expat in Taormina.
What is the average cost of housing in Taormina?
If you are thinking about moving to Taormina, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Taormina can vary greatly depending on the type and location of the property. For instance, a luxury villa with a sea view can cost several million euros, while a small apartment in the city center might be priced around a few hundred thousand euros. Therefore, it's difficult to provide an exact average cost, but it's safe to say that housing in Taormina is generally considered to be on the higher end due to its popularity as a tourist destination and its stunning views of the Mediterranean," said one person in Taormina.
Should I buy or rent a home in Taormina?
If you have not spent a lot of time in Taormina, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Taormina, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Taormina for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and could potentially provide a return on investment if property values increase. On the other hand, renting might be a better option if you're not planning to stay long-term or if you prefer not to have the responsibilities and costs associated with homeownership. Renting offers more flexibility, as you can move more easily if your circumstances change. It also means you won't have to worry about property taxes, maintenance, and repair costs. It's also worth considering the current real estate market in Taormina. If property prices are high, it might be more cost-effective to rent until prices come down. Conversely, if property prices are low and you have the necessary funds, it could be a good time to buy. Lastly, consider your lifestyle preferences. Some people prefer the stability and permanence of owning a home, while others prefer the flexibility and minimal responsibility that comes with renting. In conclusion, both buying and renting have their pros and cons, and the best choice depends on your individual circumstances and preferences. It's recommended to seek advice from a real estate professional or financial advisor before making a decision," explained one expat living in Taormina, 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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