Summer rental boom: Italy reports surge in holiday bookings from the UK and US
In Sicily, a unique situation has come to pass, which may soon lead to an increase in the price of real estate on the island.
The thing is that real estate prices in small towns in Sicily have moved down after the coronavirus. The price for summer rental real estate has also decreased. This led to the fact that many Americans and Britons came to Sicily who was fully vaccinated against the coronavirus. Then some of them went home and the second part began serious work on the selection of a second home in Sicily.
Why do they do it?
There are several reasons:
- Excellent nature and proximity to the sea
- Local cuisine and wines are simply gorgeous
- There are regions in Sicily where there are special economic zones for business.
- Many cities run programs to depopulate the population by selling homes for 1 euro or offering money for moving. Have you ever heard of something similar?
Apulia is not far behind Sicily. Many Britons have fallen in love with the flavour of this region and have been coming to rest with their whole families for several years now.
Added to this factor is the deteriorating standard of living in Britain. The resignation of the government and the inability to cope with the increase in the cost of living leads to the fact that energetic Britons are happy to look towards warm Sicily.
This also applies to digital nomads who can work remotely and do not have to sit in rainy London to make good money.
The situation is that if the British do not move to Sicily permanently, they stay here much longer.
Houses for rent in Sicily
With the release of the series on the BBC in early 2023, a very strong rental boom is expected.
This is a good season when the first fruits have already appeared, but it is not yet so hot.
It should be noted that this benefits Sicily and local farmers can sell their dairy products and fruits faster and also invest more in local infrastructure. We hope for the further prosperity of Sicily!