Residential

Cagliari, villas pushed by foreigners looking for second homes

by Davide Madeddu

View of Cagliari, capital of the region of Sardinia, Italy.

2' min read

Translated by AI
Versione italiana

2' min read

Translated by AI
Versione italiana

From flats in the centre to villas overlooking the sea. With prices ranging from EUR 300,000 to EUR 1.5 million and more. A positive phase for the property market in Cagliari and the metropolitan area. And while in the capital the main requests are for flats in the central areas, requests for larger homes are directed towards the hinterland. In the coastal areas, demand for prestigious properties is consolidating. Buyers from abroad, particularly from Germany, France, Switzerland and the United States, as well as from northern Italia, are focusing on the purchase of second homes

Alongside the first home segment, the prestige property segment also continues to show signs of vitality. "On the basis of data processed by Remax, detached villas and panoramic properties in the coastal areas and in the most exclusive areas of the metropolitan area," Remax points out, "intercept a national and international clientele with average budgets of around 1.5 million euro, confirming the strong appeal of Sardinia for those seeking high-level residences in particularly valuable landscape contexts.

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Then there is the villa market, marked by a strong difference between north and south and more generally, as Remax broker Cristiano Sabattini points out, "between the east and west coasts. The quotations and positioning of high-end properties are not uniform and reflect very different characteristics of the individual territories".

The high end remains Northern Sardinia, particularly the Costa Smeralda area, which historically represents the reference point for the island's high-end property market. This area is home to some of the most prestigious properties in the Mediterranean, with prices and architectural features that are difficult to replicate in the rest of Sardinia.

"In the last five years, however, a very interesting phenomenon is also being observed in southern Sardinia, where the villa market is experiencing a phase of strong growth, driven above all by the interest of foreign customers," Sabattini continues. "In particular, there has been a significant increase in buyers from countries such as Poland, the United States, Germany, Switzerland and France.

Not only second homes, but also new homes for those who choose to move to the island.

As far as quotations are concerned, as the broker points out, 'a significant evolution is noticeable'. "If until a few years ago the average budget for purchasing a villa in South Sardinia was generally between 300,000 and 500,000 euro," he argues, "today it is not uncommon to meet foreign buyers willing to invest even up to 1.5 million euro for particularly interesting properties. This is a level of investment that was much less common in this area until five years ago and which clearly signals a growth in the area's international appeal'.

It is the sea factor that is decisive for quotations. "Villas with a sea view or with direct access to the coast represent the most sought-after product and at the same time the rarest," he adds. "This exclusivity has a significant impact on market values: the presence of a sea view or the possibility of direct access to the beach makes these properties much more desirable and, consequently, more expensive.

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