Trieste Property Market and Real Estate Guide

(Trieste, Friuli-Venezia Giulia, Italy)

Picture showing city view of TriesteLocated dramatically on the northern coast of the Adriatic Sea, Trieste is a world away from the country's Roman core. The central European atmosphere in Trieste comes as a surprise to first-time visitors, but it also sets the stage for one of the most culturally diverse places to buy or rent property in Italy.

Rentals and properties for sale in Trieste are relatively expensive, but not to the extent of those found in Rome or Florence. The cost of living is also less in Trieste than with other Italian cities, making this one of the most affordable places in Italy to buy a seaside home near a charming historic city.

It is also expected that property values in Trieste will only increase over the mid-term, as more famous cities in Italy continue to face issues with congestion and soaring real estate prices. Investors are increasingly looking to stake a claim on Trieste, where there is still a great deal of room for restoration and development.

Trieste coastline photograph

Renting Serviced Apartments

Although not as plentiful as in Rome or Milan, serviced apartments are available around central Trieste. They can also be found in outlying towns like Muggia, Servola, Chiarbola and Valmaura. These apartments generally include modern amenities on par with those in a mid-range hotel.

Prices are higher than unfurnished apartments and may be higher still depending on the level of service provided. As a general rule, serviced apartments are in a similar price range with upper-mid-range hotels, with discount available for stays of a few weeks or more.

Buying Apartments and Houses

Appropriately priced one-bedroom apartments can be rented in Trieste city centre. Freestanding villas in the countryside are spacious and substantially more expensive, while modest flats and duplexes neighbouring residential communities may be more affordable still.

The fee structure for foreigners buying land and property in Italy is confusing, and it's advisable to hire a knowledgeable property lawyer or real-estate agent early in the process. Expect to pay a minimum of ten percent of the sale price, though this figure could rise considerably if the property is a holiday home or located on agricultural land.

Real Estate Agents

Finding a trustworthy real-estate agent is a crucial part of buying property in Trieste, and securing one who speaks English will go a long way toward ensuring you find the type of appropriately priced property you desire. Italians are famously known for adding extras to the price, so make sure you understand their business culture before negotiating. For foreigners, it is especially important to find a person with the best convergence of abilities in English and international real-estate law.

Some recommended property agents in Trieste:

Gallery Casa Vacanze
Address: Via San Nicolo 23, Trieste, IT-34121, Italy, IT
Tel: +39 040 767 576
Gallery Real Estate company has its international headquarters in Trieste, and they operate an impressive local portfolio.

Tam Immobiliare
Address: Via Udine 49A, Trieste, IT-34135, Italy, IT
Tel: +39 040 413 103
This is one of two Pirelli real estate agencies in central Trieste.

Gabetti Franchising Agency
Address: Via della Ginnastic 15, Trieste, IT-34125, Italy, IT
Tel: +39 040 064 3391
Gabetti Agency works in all sectors of local Italian real estate, from residential to commercial and industrial properties.