Why Lucca is the Ideal Place for Foreigners to Buy Property in Tuscany

Lucca, a charming city in Tuscany, has become a sought-after destination for international buyers seeking a blend of history, culture, and quality of life. Whether you're looking for a historic villa, a countryside farmhouse, or a modern apartment, Lucca offers diverse real estate options that cater to various preferences and budgets.

1. Affordable Property Prices Compared to Other Tuscan Cities

While cities like Florence and Pisa are renowned for their real estate markets, Lucca offers more affordable options. As of April 2024, the average property price in the historic center of Lucca was approximately €2,300 per square meter, significantly lower than Florence's €5,000 per square meter Property Guides. This price difference makes Lucca an attractive choice for foreign investors.

2. Rich History and Cultural Heritage

Lucca boasts a rich history, with well-preserved Renaissance walls, historic villas, and charming piazzas. The city is also home to several notable properties, such as Villa Orsucci, a 16th-century estate once owned by Caroline Bonaparte, Napoleon's sister New York Post. Owning property in Lucca allows you to immerse yourself in this cultural heritage.

3. Strong Demand from International Buyers

The demand for properties in Lucca has been steadily increasing, particularly among international buyers. According to Knight Frank, property prices in Lucca have risen by 27% over the past five years, driven by growing interest from foreign investors The World Property Journal. This trend indicates a robust and expanding real estate market.

4. Favorable Conditions for Foreign Buyers

Foreigners can purchase property in Italy without the need for citizenship. Non-EU buyers should ensure that their home country has a reciprocal agreement with Italy Investropa. Additionally, obtaining a Codice Fiscale (tax code) is necessary for property transactions.

5. Diverse Property Options

Lucca offers a wide range of properties to suit different tastes and budgets. From luxurious villas with panoramic views to charming countryside farmhouses, there's something for everyone. Websites like Gate-away and Property in Lucca provide listings of available properties in the area Gate-away®+1.

Final Thoughts

Investing in property in Lucca offers the opportunity to own a piece of Tuscany's rich history and culture. With its affordable property prices, strong demand from international buyers, and diverse real estate options, Lucca is an ideal location for foreigners looking to invest in Italian real estate.