Genoa Property Market and Real Estate Guide

(Genoa / Genova, Liguria, Italy)

Photograph showing a view of the city of GenoaGenoa continues to grow into a busier tourist and residential magnet, with redevelopments at Porto Antico (Old Port) moving the city further and further away from the old, and closer to the new. This means that many new property developments and apartments offer diversity from older dwellings.

The old world charm of Italy can still be found in Genoa's maze-like streets that twirl out from the Piazza San Lorenzo, with numerous old apartments and grand homes being in surprisingly good shape. Genoa's property market is relatively healthy, though prices are down by at least half on similar properties in Rome or Milan.

The versatile dynamic of Genoa's layout means property prices near the water are much the same as they are in the historical district. These areas offer their own attractions and charms, so property in both remains in equal demand.

Renting Serviced Apartments

As in much of Italy, many private homes rent out spare rooms with private bathrooms to visitors. The friendly service and discretion of these arrangements, as well as the sense of authenticity, is a big draw card. Value is key too, with private rentals around a third less per week than commercial serviced apartments.

In all cases, one week is the minimum stay, with a one-week deposit payable in advance, refunded at the termination of stay. Shorter periods are subject to negotiation. In general, a turn-down service is offered every other day and towels, linen and in some cases, televisions and Internet service are provided.

Buying Apartments and Houses

The boom in new construction across Genoa, particularly near the port, means that the property market in the city is experiencing a bit of price volatility. Large amounts of new apartments have ensured that prices in general are staying stable, with supply easily meeting demand.

Non-EU citizens can buy property in Italy with minimum fuss. Usually, proof of intention to reside in Italy is required, otherwise complications regarding foreign investment can arise. All leases and rental arrangements are prepared in Italian.

Real Estate Agents

The newer port developments are overseen by enthusiastic multilingual realtors who often are connected to real estate agents in the UK and elsewhere in the world. There is certainly no shortage of real estate agents in Genoa and in general, professionalism and reliability is the norm.

Check out the following Genoa real estate agents:

Immobiliare Valle Poalo
Address: Paolo Valle, Via D. Bocca 31, Arenzano, 16011, Italy
Tel: +37 010 912 4767
A good variety of holiday rentals and long-term properties from a bilingual realtor.

Studio Artecasa Immobiliare
Address: Via Cesarea, 2 / 4, Genoa, 16121, Italy
Tel: +37 010 564 139
A professional team of realtors that oversees a wide portfolio of serviced apartments and properties for sale in Genoa.

Possenti Luigi
Address: Via Cesarea 2, Genoa, 16121, Italy
Tel: +37 010 581 976
A one-man agency offering in-the-know service about guarded private sales in Genoa.