Is buying a property in Como a good investment?

Last updated on December 29, 2023

Yes, the analysis of Lake Como's property market is included in our pack

If you've admired the lakeside beauty and historic charm in Como, you may have thought about investing in property in this Italian town.

Is it a good idea though? What's the current state of the real estate market in that area? Are property values appreciating or depreciating? Are investors seeing returns on their real estate investments? How's the demand for rentals?

We'll answer all these questions for you! When building and updating our property pack for Italy, our team has been researching and surveying this area. In fact, there is significant customer interest in investing there. Therefore, we believe it would be beneficial to include some information about it in our property pack.

Why do property buyers like investing in Como?

Lake Como, with its idyllic setting and Como as its crowning jewel, has long been a magnet for property buyers seeking a blend of natural beauty, rich history, and exclusive lifestyle.

Como stands out in the Lake Como area for several reasons, making it an attractive location for real estate investments compared to other markets.

This picturesque city offers a stunning combination of scenic landscapes and architectural marvels. The view of the Alps and the tranquil waters of the lake create a serene environment that's hard to find elsewhere.

Additionally, Como is renowned for its elegant villas and historic buildings, which add a touch of sophistication and history to the area.

This blend of natural and architectural beauty is something that sets Como apart from other real estate markets, where you might find one or the other, but rarely both in such harmony.

Comparing Como to other areas around Lake Como, it holds a certain prestige. While other towns like Bellagio and Varenna are undoubtedly charming, Como offers a more vibrant urban life alongside its natural and historical attractions.

It's a city where the modern and the ancient coexist seamlessly, offering amenities and cultural experiences that are more varied than in smaller lakeside towns.

Now, let's delve into its popularity. Como's allure isn't a recent phenomenon. It has been a coveted location since the times of the Roman Empire, but its popularity surged notably in the 19th century with the advent of Romanticism, as poets and artists celebrated its beauty.

This historical prestige continues to contribute to its appeal. In terms of remaining hype, Como's combination of natural beauty, rich history, and modern amenities is not a fleeting trend.

These are enduring qualities that have attracted people for centuries and are likely to continue doing so. Speaking of attraction, Como appeals to a diverse range of people. It's a haven for those who appreciate nature and tranquility, history enthusiasts, and luxury seekers.

The city attracts affluent buyers, including celebrities and business leaders, looking for a peaceful retreat or a lavish second home. It's also a favorite among retirees who wish to spend their golden years in a picturesque setting.

However, every place has its weaknesses, and Como is no exception. The very factors that make it attractive can also be downsides. The exclusivity and popularity of Como mean that property prices are high, making it inaccessible to many.

The city can also get quite crowded, especially during peak tourist seasons, which might detract from the tranquil experience some are seeking.

Additionally, while the blend of old and new is charming, it can also mean that some infrastructure, especially in the historic parts, might not be as modern or convenient as in newer developments.

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Why is Como a nice place to live?

Living in Como is a dream for many, and it's not hard to see why, the lifestyle and culture there are steeped in a rich blend of Italian tradition and modern comforts, creating an environment that's both relaxing and vibrant.

Imagine waking up to the serene view of the lake, surrounded by the lush Italian landscape. Como's lifestyle is defined by its laid-back pace, with a strong emphasis on enjoying life's simple pleasures.

The food, as you might expect in Italy, is exquisite, with a focus on fresh, local ingredients. The city's cafes and restaurants, like the famous Ristorante Imbarcadero, offer not only delicious cuisine but also breathtaking views of the lake.

The culture in Como is deeply rooted in its history, visible in its well-preserved architecture and numerous historical sites, such as the Como Cathedral and the Basilica of Sant'Abbondio.

However, it's not just about history; the city also has a vibrant contemporary scene, with regular cultural events, art exhibitions, and music festivals.

For expatriates, Como is a welcoming destination. The expat community, though not as large as in some other Italian cities, is growing and thriving. This community provides a network for socializing and support, making the transition to life in Como smoother for newcomers.

However, living in Como does come with a higher cost. Property prices and living expenses can be quite steep, reflecting the area's desirability and exclusivity. It's something to consider if you're planning to move here.

Safety in Como is generally not a major concern. Like many places in Italy, it's relatively safe with low crime rates, especially when it comes to serious crimes. This sense of security is one of the many reasons families find Como appealing.

In terms of amenities and facilities, Como is well-equipped. For healthcare, there's the Sant'Anna Hospital, known for its excellent services. The city also boasts a range of educational institutions, from international schools like the International School of Como to reputable local schools, catering to diverse educational needs. Shopping options abound, from local markets offering fresh produce to luxury stores and boutiques.

The infrastructure in Como is a blend of the old and the new. While some of the roads and buildings are historic and can be narrow and quaint, they are well-maintained. Utilities and services like electricity and water supply are reliable. Internet connectivity, crucial in today's world, is generally good, with various options available for high-speed connections.

Accessibility is one of Como's strong points. It's well-connected to other parts of Lake Como and beyond. The city is a hub from which you can easily explore the rest of the lake's charming towns by ferry.

For longer distances, Como's proximity to Milan, with its international airports like Malpensa and Linate, makes international travel convenient. Within the city and surrounding areas, public transportation options like buses and the local train service are efficient and widely used.

All in all, living in Como offers a unique experience combining luxury, culture, and natural beauty. While it might be on the pricier side, the quality of life, safety, and range of amenities and services available make it a highly desirable place to live.

Whether you're navigating the historic streets, enjoying a meal with a view of the lake, or exploring the lush landscapes surrounding the city, Como offers a lifestyle that's hard to replicate elsewhere.

How much does it cost to buy real estate in Como?

If you need a detailed and updated analysis of the prices, rents and yields, you can get our full guide about real estate investment in Italy.

When you're considering buying a property in Como, you're looking at a market that's both diverse and dynamic.

The types of residential properties available here vary widely, ranging from cozy apartments in the heart of the city to sprawling luxury villas along the lakeshore.

In Como, there's a particular demand for properties that offer views of Lake Como or access to its shores. These properties, especially the luxury villas with their expansive gardens and private docks, are highly sought after.

The reason for this demand is clear; Lake Como is world-renowned for its stunning beauty and tranquil setting, making properties with lake views or access incredibly desirable.

The property market in Como consists of a mix of new developments and resale properties. While there are several new development projects, especially modern apartments and condominiums, the market is also characterized by historic villas and older houses that often come up for resale. These older properties carry a unique charm and history that's very appealing to certain buyers.

Talking about prices, the cost of buying property in Como can vary significantly based on factors like location, property type, and size. Generally, the price per square meter can range widely.

Apartments in the city might be on the lower end of this scale, while luxury villas with lake views can command prices at the higher end.

Over recent years, property values in Como have seen a steady increase. This trend is driven by the area's enduring popularity as a luxury destination, its natural beauty, and its proximity to major cities like Milan.

This increase in value is expected to continue, given the ongoing demand for properties in this picturesque location.

Looking ahead, there are several factors that could influence property values in Como. Upcoming developments, especially high-end residential projects, could further increase the appeal of the area.

Additionally, any city planning changes that enhance infrastructure or accessibility could also have a positive impact on property values.

For instance, improvements in transportation links to major cities or the enhancement of local amenities could make Como even more attractive to prospective buyers.

Predicting the future of the real estate market in Como, it seems likely that the demand for properties, especially those offering luxury and exclusivity, will continue to grow.

Factors like the area's natural beauty, its status as a luxury destination, and its proximity to major European cities are likely to continue driving interest in the Como property market.

One specific factor indicating a potential increase in value is the global trend of investing in properties that offer a blend of natural beauty and luxury. As more people seek retreats away from urban centers, places like Como, with their unique offerings, are likely to see an increase in demand.

This trend, coupled with the limited availability of properties in such a sought-after location, suggests that property values in Como are likely to continue their upward trajectory.

Where is the best area to buy a property in Como?

When it comes to finding the best area to buy property in Como, it really depends on what you're looking for in terms of atmosphere, property types, and of course, your budget.

Let's start with the heart of Como, the city center. This area is bustling with activity, filled with historical buildings, charming piazzas, and narrow streets. Properties here are mostly apartments, often part of renovated historical buildings.

If you love being in the middle of the action, close to shops, restaurants, and cultural sites, this is the place for you. Prices in the city center can be quite high due to the demand and the historical value of the properties.

Moving away from the center, you'll find areas like Brunate, a hillside village offering spectacular views of the lake and the city. The properties here are more spacious, often with gardens or terraces.

The atmosphere is quieter, more residential. It's ideal if you're looking for tranquility while still being relatively close to the city. Prices here can also be quite high, especially for properties with the best views.

An up-and-coming area in Como is the west side of the lake, particularly around towns like Cernobbio and Moltrasio. These areas are gaining popularity for their beautiful lakeside settings and somewhat more reasonable prices compared to the city center or Brunate.

They offer a mix of traditional villas and modern apartments. It's worth exploring these areas if you're looking for a balance between lakeside living and value for money.

In terms of specific areas to consider, look around the lake's periphery, especially the areas that have direct access to the lake or offer unobstructed views.

Places like Blevio, Torno, and Faggeto Lario are known for their scenic beauty and relatively peaceful environment. These areas are perfect if you're after the quintessential Lake Como experience.

On the contrary, some areas might not be as advisable, depending on your preferences. Areas that are further from the lake might lack the iconic views and atmosphere that Lake Como is famous for.

Also, some of the more secluded areas might be less accessible, with fewer amenities and transport options. If being close to restaurants, shops, and other facilities is important to you, you might want to avoid the more remote parts of Como.

Here is a summary table to help you visualize better. If you need more detailed data and information, please check our property pack for Italy.

Area	Atmosphere	Property Types	Price Level
City Center	Bustling, Historical	Apartments in historical buildings	High
Brunate	Quiet, Residential	Spacious properties with gardens/terraces	High
West Side (Cernobbio, Moltrasio)	Up-and-Coming, Lakeside	Traditional villas, Modern apartments	Moderate to High
Lake Periphery (Blevio, Torno, Faggeto Lario)	Scenic, Peaceful	Villas with lake views	Varies
Remote Areas	Secluded, Less Accessible	Diverse, often lacking lake views	Lower

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Is there a strong rental demand in Como?

In Como there's indeed a strong rental demand, but it's important to understand its nuances to make informed decisions if you're considering investing in rental properties there.

Firstly, the rental market in Como is more geared towards short-term rentals. This trend is largely driven by the city's popularity as a tourist destination. Tourists, both domestic and international, are attracted to the area's stunning natural beauty, historical sites, and its reputation as a luxurious getaway.

As such, properties that cater to short-term stays, like furnished apartments or holiday homes, are particularly in demand.

The target demographic for these short-term rentals is quite diverse. It includes vacationing families looking for a comfortable and homely place to stay, couples on romantic getaways, and affluent travelers seeking luxury accommodations.

There's also a market for business travelers or people visiting for events and conferences, although this is smaller compared to the leisure segment.

Potential tenants typically look for properties that offer a blend of comfort, convenience, and experience. They are often attracted to properties with lake views, modern amenities, and easy access to local attractions.

In terms of specific areas, the central parts of Como and lakeside locations like Cernobbio, Bellagio, and Tremezzina are particularly popular.

These areas offer the quintessential Lake Como experience with their picturesque settings and proximity to restaurants, shops, and cultural sites.

Certain amenities can significantly reduce vacancy rates in rental properties. Features like Wi-Fi, modern kitchens and bathrooms, air conditioning, and private parking are highly valued.

For higher-end rentals, amenities like swimming pools, terraces or balconies with lake views, and garden spaces can be particularly appealing. These features enhance the desirability of a property, making it stand out in the competitive holiday rental market.

Regarding potential returns on investment, it's essential to consider the high demand during peak tourist seasons. Properties in prime locations with sought-after amenities can yield substantial rental incomes, particularly during spring and summer.

However, it's important to factor in the costs associated with maintaining and managing a rental property, especially if it's aimed at the higher end of the market.

Finally, when looking at the types of properties that could potentially give better yields, those aligning with the current trend towards short-term, vacation-style rentals seem most promising.

Luxury properties with unique features, such as historical significance or exceptional architectural design, also tend to attract higher rental rates.

As the trend for experiential travel grows, properties that offer an authentic and luxurious Lake Como experience are likely to see increasing demand and potentially higher yields.

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Is it easy to buy a property as foreigner in Como?

Before we answer the question, please know that we have an article dedicated to the experience of buying real estate as a foreigner in Italy.

Buying a property as a foreigner in Como, Lake Como is generally straightforward, but there are certain aspects you should be aware of to ensure a smooth process.

Firstly, there are no specific regulations or restrictions for foreign buyers in Italy, which includes Como. This means that as a foreigner, you have the same rights to purchase property as a local.

However, it's important to be aware of Italy's legal and administrative processes, which can be quite different from those in other countries.

The purchasing process in Como typically starts with finding a property and making an offer. Once the offer is accepted, a preliminary contract (compromesso) is signed, and a deposit is usually paid. This is followed by the due diligence process, where all legal checks are carried out.

Finally, the sale is completed with a notary public who finalizes the transaction and registers the property in your name.

One of the primary risks associated with property investment in Como, as in many places, is the fluctuating property market. Prices can vary significantly based on location, property type, and market conditions.

Additionally, considering the maintenance and management costs, especially for older or larger properties, is essential.

Common pitfalls for foreign buyers often relate to navigating the local legal system and the Italian bureaucracy. One unique aspect in Italy is the importance of ensuring that there are no outstanding claims or debts on the property, as these can sometimes pass to the new owner.

It's also crucial to be aware of any zoning laws or regulations that might affect the property, especially if you're planning renovations.

Working with a local real estate agent and a lawyer is highly recommended. A local agent will have in-depth knowledge of the Como real estate market and can help you find properties that meet your criteria.

A lawyer, on the other hand, is crucial for navigating the legal aspects of the purchase. They can ensure that all necessary checks are carried out and that the process complies with Italian law.

As for exit strategies, typical options include selling the property, renting it out, or using it as a holiday home. Como, with its strong rental market, particularly for holiday rentals, offers a good opportunity for property investors to generate rental income.

However, it's important to stay informed about the local property market and economic conditions, as these can affect the resale value of your property.