Italian Shops for Sale
Retail space is an attractive investment in Italy as Italians are avid consumers with a high level of disposable income. This development is again spearheaded by the city of Milan, Florence and Rome where global companies have opened flagship stores.
Italian Rates of Return
Rental rates also exhibited positive growth for investors in leading locations. Since 2018 three major Italian cities achieved rent increases: Milan (+0.8 percent), Venice (+0.2 percent) and Florence (+0.1 percent). The best gross returns were achieved in Venice.
In prime locations, the city yielded returns of 8 percent, in secondary locations near the city centre a yield of 7 percent was attained. This is followed by the cities of Rome and Florence. The Italian capital achieved returns of 7.1 percent in prime locations and 7.5 percent in locations near the city centre. Florence achieved 6.6 percent in locations near the city centre and 7 percent for locations in the city centre.
Rome is certainly one of the focal cities of Italian shopping tourism. Travelers love taking advantage of its innumerable shops and boutiques in between discoveries of magnificent monuments and cultural experiences. One of the Eternal City's most sought after areas is the 'Trident', formed by Via dei Condotti, Via Borgognona, Via Frattina and by the adjacent Spanish Steps: the Trident is perhaps the most high-end destination for Roman shopping, with a concentration of renowned jewellers and important Italian and international flagships and ateliers.
Milan is the nerve center for the Italian economy, where winning ideas are combined with fashion, trendy products and the mastery of ancient trades. The combination of exhibitions - accompanied by the opportunity to tour places of culture and shopping, in addition to enjoying the restaurants for which Milan is famous - makes the Lombard Capital a must for investors.