Italy

Engel & Völkers publishes real estate market reports on a regular basis, thereby providing a comprehensive and well-founded overview of current market trends. Demand in the Sicilian residential property market continues to rise, especially in the luxury segment. Thanks to its rich cultural heritage, Mediterranean climate and unique scenery, Italy’s largest island is attracting a growing number of international buyers alongside domestic buyers. “Sicily’s real estate market continues to see positive growth. One of the main drivers for this is the consistently strong demand from abroad. Besides private residency, more and more second homes are being used as a source of income for the owner through rentals,” says Christoph Feigenbutz, Country Manager of Engel & Völkers Italy.