INTRODUCTION
Even if Italy is going through an economic crisis causing concern at times, there are nevertheless some very interesting economic sectors.
Tourism/hospitality and food & wine have produced significant results in various areas of the country.
In Tuscany and Chianti in particular, the 2016 season saw record numbers of tourists and the trend seems to be continuing in the 2017 season.
In the popular imagination, Italian or foreign, Chianti is a recognised name, admired and envied for its beautiful landscapes, for its central position with respect to the most important cities of Tuscan art (Florence, Siena, San Gimignano), for the opportunity, thanks to an ever more diverse range of tourist services, to have a 360° experience light years away from the chaos and stress of city life. Equally famous are the culinary delights of the area, from Chianti Classico Gallo Nero wine to olive oil and the gourmet products of the farming tradition.
These features are not confined to the Chianti area but are widespread and common to most of Tuscany, including a coastline among the most beautiful in Italy, from Versilia to Argentario, and the charm of other beautiful cities of art like Pisa and Lucca, as well as the many small towns and villages spread throughout the region.
THE PROJECT
For the reasons expressed in the introduction, investing in Chianti and Tuscan rural property can today more than ever generate significant returns.
On the one hand, the cost of property is significantly lower than some years ago. On the other, there is an opportunity to produce steady or increasing income with significant asset growth prospects.
Note however, that especially for foreign investors, dealing with the many-faceted Italian bureaucracy is often difficult and frustrating.
Given the opportunities and the difficulties expressed above, a group of professionals and companies operating in the area for many years has set up a network capable of assisting the investor through all stages of the property transaction.
The services offered for this purpose can be summarised as follows:
- Selection of a gold list of properties with characteristics suitable for the project
- Proposal of a business plan for the whole operation including costs and timescales for completion
- Search for financial partners (banks) as necessary
- Negotiating the sale
- Obtaining all permits and authorisations necessary to rent out the property
- Carrying out the works necessary to adapt the property to the standards required for renting it out
- Managing the property with multi-year partnership agreements that include a guaranteed income plus the opportunity for the owner to reserve its use during periods of residence in Italy.
CONCLUSIONS
Above all, thanks to reciprocal knowledge developed over many years of professional collaboration, investment proposals with definite costs and times can be advanced, establishing a relationship with the client that will continue for the duration of the investment.
The properties available with this type of agreement are of different types, be they purely accommodation facilities or farms or agritourism.
In Chianti and Tuscany you live well, you eat well and you can do business.
Let us guide you along a road that will be very rewarding for you.
Author:
dr. Alessandro Merenda, Studio Merenda, Italy.
