托斯卡纳住宅市场洞察2025

TuscanyResidentialMarket Insight Appetite for Tuscanystrengthens “Italy’s "Returnof the Brains"programmeoffers a 70% taxexemption forhighly skilledforeign workersand expatriates.” Many individuals may choose to hold ontomore cash to remain agile in case they spotopportunities. Alternatively, they might investsmaller amounts in lower value properties to testdifferent markets before committing larger budgetsonce they’ve decided on a final destination. Secondly, as of March 2025, Italy has alsochanged its citizenship rules. The new decreerestricts eligibility to individuals with at least oneparent or grandparent born in Italy. An Italianpassport currently ranks third in the world forvisa-free or visa-on-arrival travel according to theHenley Passport Index. WHAT TAX AND POLICY CHANGES HAVEBEEN MADE? Finally, Italy’s “Return of the Brains”programme offers a 70% tax exemption for highlyskilled foreign workers and expatriates, reducingtaxable income to 30% for five years, extendableunder certain conditions. Firstly, since 2023, it pays for foreigners to nametheir property in Italy as their primary residenceas it will incur a 2% registration fee rather than 9%for second homes. “According to Istat,the number offoreign residentsliving in Tuscanyhas increased 11.2%in the last decade.” AT A GLANCE EDUCATION A KEY DRAW For families considering a move, Tuscany’sschools and universities are exemplary. Theworld-renowned International School of Florence(ISF) is currently full with a waiting list inoperation, whilst in Lucca, the Gruppo Esedraowned schools, as well as the International Schoolin Siena (IS), are top choices. More value hunters due toeconomic uncertainty Italy’s Flat Tax •A fixed annual tax of €200,000 on worldwide income regardless of theactual amount of income earned.•Family Members:Additional family members can also benefit from theregime for an extra €25,000 per person annually.•Duration:This regime can be applied for up to 15 years. Lucca records 27% pricegrowth over last five years NEW FLIGHT ROUTES Pisa and Florence Airports offer flights to 118+destinations with new routes opening thissummer: Florence to Nice and Belgrade; Pisato Sofia, Warsaw and London Southend. Plus,there will be increased services to London,Copenhagen, Munich, Frankfurt as well as newyear-round flights to Dubai. Siena and Val d'Orciaattract interest due to value WHAT’S THE MACRO PICTURE? Italy is now home to 40,010 individuals withover US$10 million in net assets and over 573billionaires according toThe Wealth Report2025.A global trade war, geopolitical tensions andmajor tax and policy changes in key G7 nationsare driving ultra-high-net-worth individuals(UHNWIs) to re-evaluate their location. AREAS TO INVEST Siena and the Val d’Orcia region, with primeproperty prices around €5,000 per sq m – almosthalf those in central Tuscany – are generatinginterest. Buyers are increasingly seeking a‘podere’– a hilltop villa with panoramic views ofthe Tuscan countryside. Why Tuscany? Tuscany continues to rank highly withforeign buyers. According to Istat, the numberof foreign residents living in Tuscany hasincreased 11.2% in the last decade. Luccaoutperformed over the last decade but with 4.3%annual growth, Florence recorded the strongestincrease in the 12 months to January 2025.While Italy’s flat tax is estimated to have 40,080 attracted some 5,000 applicants to date (seebox), the numbers remain relatively lowcompared to the 70,000 UK based non-doms,many of whom are reviewing their domicilefollowing the regime’s abolition in April 2025. Excellentinternationalschools Attractive flattax regime forUHNWIs Twointernationalairports Access to theMediterranean The number of Italian residents with US$10 million+ in 2024 TOP FIVE FOREIGN BUYER NATIONALITIES2025 WHAT IMPACT WILL ECONOMIC UNCERTAINTYHAVE ON THE MARKET? Global wealth is increasingly mobile. WhileItaly ranks highly on UHNWIs shortlists due toits lifestyle, accessibility and education we areentering a period where people’s horizons willbe shorter, and budgets reduced as they try toadapt to the uncertainty. Culturalcities andTuscan Hills Renownedfor foodand wine Top venuefor art andmusic events Strongprime rentaldemand Source: Knight Frank Research MARKET VIEW Expert Insight Andrew Blandford-Newson (ABN) from Knight Frank and Alessandro Deghè (AD) of Serimm RealEstate, Knight Frank’s partner in Lucca, delve into the current market conditions and offer theirperspectives on the future of the Tuscan region WHAT NEW TRENDS AREYOU SEEING? HOW WOULD YOU DESCRIBECURRENT MARKET CONDITIONS? WHAT DO PROSPECTIVE BUYERSNEED TO KNOW? ABN:Buyers should know two keypoints about purchasing property inItaly: there is no Capital Gains Taxafter five years, which is advantageouscompared to other European countries,and the bureaucratic buying processcan be challenging, making it crucial torely on a trusted agency for assistance. ABN:The region’s top internationalschools