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Where are the best places to invest in Emilia-Romagna right now? Is Bologna still the top pick, or are cities like Modena, Parma, and Rimini gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with notaries, real estate agents, and clients who invest across the region. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Emilia-Romagna and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
1) Parma's Oltretorrente district is booming with its vibrant cultural scene attracting young professionals
Parma's Oltretorrente district is buzzing with a real estate boom thanks to its lively cultural scene.
In recent years, property prices have surged, with homes now selling for a median price of $207K, marking a 9.9% increase from last year. This means the market is hot, and homes are often snapped up quickly, sometimes even above the asking price.
Young professionals are flocking to Oltretorrente, drawn by its vibrant atmosphere. The area is densely populated with a diverse mix of residents, including many foreign nationals and university students, which adds to its dynamic vibe.
The district's cultural allure is undeniable, with events like the Festival Verdi attracting global attention. This festival celebrates Verdi’s operas and other cultural activities, pulling in music lovers from all over and showcasing the area's rich artistic heritage.
Media coverage of these events only adds to the district's charm, making it a sought-after place to live. Urban regeneration efforts have also played a part, with new traffic rules, car and bike sharing, and cultural routes enhancing the neighborhood's infrastructure.
These improvements, coupled with the area's cultural vibrancy, make Oltretorrente a hotspot for young professionals seeking a lively and culturally rich environment. The district's transformation is a testament to its growing appeal.
Sources: Redfin, URBACT, Parma Incoming Travel
Here is a picturesque view of Parma’s Oltretorrente district, where historic charm meets a vibrant, evolving cultural scene. (Source: Artemilia)
2) Rimini’s Marina Centro is booming with rising property values due to its beachfront location and growing tourism industry
Rimini's Marina Centro is seeing a surge in property values thanks to its beachfront location and booming tourism.
With more tourists flocking to Rimini, the area is becoming a hot travel spot. This popularity is driving up demand for properties in Marina Centro. The local government is also investing in tourism infrastructure, which is making the area even more appealing.
New hotels and resorts are popping up, and the Parco del Mare expansion is a big draw. This beachfront park not only offers recreational fun but also acts as a climate-friendly space, attracting potential buyers who value sustainability.
Old, neglected areas are being transformed into urban parks and museums, like Castel Sismondo. These new amenities are making Marina Centro more desirable, pushing property values higher. The international buzz around Rimini is also catching the eye of foreign buyers.
As more international tourists discover Rimini, interest from overseas buyers is growing. This is adding to the demand for properties in Marina Centro, further boosting its real estate market.
With all these developments, Marina Centro is becoming a prime spot for property investment. The combination of a vibrant tourism scene and strategic urban improvements is making it a top choice for buyers looking for a slice of Italian coastal life.
Sources: Tourism Review, Re-Value Cities, Planum
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Italy. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
3) San Lazzaro di Savena is popular for its high rental yields and proximity to Bologna, appealing to commuters
San Lazzaro di Savena is catching the eye of investors thanks to its high rental yields and closeness to Bologna.
In 2024, rental prices in San Lazzaro di Savena averaged €14.70 per square meter, showing a 7.06% increase from the previous year. This jump in prices signals a growing demand, making it a profitable spot for property investors.
Being near Bologna, San Lazzaro di Savena is perfect for commuters. While exact travel times aren't specified, its location in the Metropolitan City of Bologna means residents can easily reach the city center. This ease of access is a big plus for those working in Bologna but wanting a quieter place to live.
The real estate market here is booming, with property prices rising by 7.39% from 2023 to 2024. This growth shows a strong market, offering more affordable options compared to Bologna, where house prices are much higher. The combination of affordability and increasing property values makes San Lazzaro di Savena a smart investment choice.
Local government efforts, like infrastructure upgrades and tax cuts, boost the suburb's attractiveness. Mayor Isabella Conti's initiatives, such as free day-care, enhance the quality of life, drawing in families and young professionals.
Sources: Immobiliare.it, Telosaes.it, Realestate.com.au
4) Ferrara's medieval center is gaining interest for its UNESCO status and potential property value growth
Ferrara's medieval center is catching the eye of property buyers for a few compelling reasons.
One major draw is the rising property prices, with the asking price hitting €2,077 per square meter in November 2024. This trend suggests that property values are on the upswing, making Ferrara an attractive investment.
Ferrara's designation as a UNESCO World Heritage site is another big factor. This status has boosted tourism, which in turn drives up property values and rental demand. The Italian government and local authorities are actively investing in preserving Ferrara's cultural heritage, adding to its allure for buyers.
International buyers are increasingly interested in Italian historical cities, and Ferrara's rich cultural backdrop makes it a potential hotspot. Media coverage is also shining a light on Ferrara as an emerging real estate destination, which can lead to increased property values.
Local efforts to promote Ferrara's unique charm are paying off, attracting both tourists and investors. This influx not only boosts the local economy but also enhances the city's appeal as a place to live and invest.
With its medieval charm and growing reputation, Ferrara is becoming a sought-after location for those looking to invest in a piece of history.
Sources: Immobiliare.it, Global Philadelphia, Emilia Romagna Turismo
5) Forlì is attracting interest with its competitive property prices and strategic location between Bologna and the Adriatic coast
Forlì is catching the eye of potential property buyers due to its appealing prices and prime location.
Imagine living in a town where property prices are much lower than in Bologna, yet you still enjoy the perks of being close to a major city. Forlì offers this unique advantage, making it a smart choice for those looking to invest without breaking the bank.
Forlì's location is a dream for commuters. Nestled between bustling Bologna and the serene Adriatic coast, it provides the perfect blend of urban and coastal living. This makes it not just a place to live, but a lifestyle choice.
There's a buzz in the air as property sales in Forlì are on the rise. This isn't just a fluke; it's part of a larger trend where smaller towns are becoming hotspots for buyers. People are starting to see the charm and potential of these areas.
Real estate investors are also taking note. The growing interest in Forlì is a sign that the town is on the radar for savvy investors looking to capitalize on emerging markets. It's a place where opportunity knocks.
Forlì is not just about affordability; it's about strategic living. With its competitive prices and ideal location, it's becoming a top contender for those seeking a balanced lifestyle in Italy.
Sources: Italian Real Estate Company, Esales International
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6) Imola is gaining interest for its affordable homes and potential growth as a commuter hub for Bologna
Imola is catching the eye for its budget-friendly homes and potential growth as a commuter town for Bologna.
While property sales in Italy were expected to dip in 2023 and 2024, Imola stood out with a predicted rise in sales thanks to its affordability and easy access to Bologna. This is a big deal because, even as the rest of the country saw a slowdown, Imola's market dynamics drew in more buyers.
One major draw is that Imola's home prices are much lower than Bologna's. This makes it a great choice for those wanting to buy a home without spending a fortune. The combination of low prices and the ease of commuting to Bologna makes Imola a very appealing place to settle down.
Getting from Bologna to Imola is a breeze with frequent and direct train services. This easy commute is a big plus for Imola, making it even more attractive as a commuter town. Recent infrastructure upgrades have improved train frequency and speed, with some high-speed trains taking just 20 minutes, which is a boon for the growing number of commuters and investors.
Sources: Idealista, The Trainline, Global Property Guide
7) Piacenza's River Po district is gaining interest for its scenic views and new residential developments
Piacenza's River Po district is gaining popularity for several compelling reasons.
One major factor is the economic boom in the Emilia-Romagna region, where Piacenza is located. This economic upswing often leads to higher property values, making Piacenza an attractive option for buyers looking to invest in a promising area.
The local government is also playing a significant role by initiating new residential projects under the "2030 Agenda for Sustainable Development." These projects aim to provide modern housing and improve public residential facilities, making the area more appealing to those seeking contemporary living spaces.
Adding to its allure, the scenic beauty of the Po Valley frequently captures media attention. This picturesque setting draws people who are eager to live in a place with stunning views and a serene environment, further boosting interest in the district.
With these elements combined, it's no surprise that demand for homes in Piacenza's River Po district is on the rise. The area's blend of economic opportunity, modern development, and natural beauty makes it a sought-after location for potential homeowners.
Sources: Green European Journal, Emilia-Romagna 2030 Agenda, Emilia-Romagna Economic Report
Here is a charming stone villa in Piacenza's River Po district, where modern development meets timeless Italian elegance, making it a sought-after location for homeowners. (Source: WATE)
8) Reggio Emilia's historic center is gaining attention for its charming architecture and rising demand for short-term rentals
Reggio Emilia's historic center is now a real estate hot spot thanks to its charming architecture and the booming short-term rental market.
In recent years, property prices have climbed as more buyers and investors are drawn to the area's unique architectural appeal. Real estate agencies are buzzing with activity, noting a surge in buyer interest and many investors are seeing impressive returns on their investments.
The short-term rental market is thriving, with platforms like Airbnb showing a noticeable uptick in listings. In 2023 and 2024, there were 250 properties available for rent, catering to various needs like family-friendly and pet-friendly options. This trend is expected to keep growing, with projections pointing to a steady rise in occupancy and average daily rates.
Tourism is a key player in this real estate surge. Reggio Emilia is attracting more tourists, drawn by its rich cultural heritage and lively cultural scene. The city's strategic location and cultural events make it a perfect base for exploring Italy's surrounding regions.
Local government initiatives are also boosting tourism and cultural heritage, further enhancing the city's appeal. These efforts are making Reggio Emilia an even more attractive destination for both tourists and real estate investors.
With its charming architecture and increasing demand for short-term rentals, Reggio Emilia's historic center is becoming a prime spot for real estate investment.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Italy versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
9) Cesenatico is gaining interest for its picturesque canals and rising property values as a popular holiday destination
The coastal town of Cesenatico is seeing rising property values driven by its picturesque canals and popularity as a holiday destination.
In recent years, Cesenatico has become a hotspot for tourists, with increased arrivals and overnight stays in 2023 and 2024. This surge in tourism is fueling the demand for property, as many are eager to invest in holiday homes or rental properties. Nestled in the Riviera Romagnola, Cesenatico benefits from the region's vibrant tourism scene and stunning coastal views.
The town's economy thrives on tourism, with an impressive €750 million spent annually by visitors. This economic boost is a key factor in the rising property values, as it supports local businesses and infrastructure development. The influx of tourists not only enhances the town's appeal but also makes it a lucrative spot for property investment.
New infrastructure and amenities are sprouting up, making Cesenatico even more attractive to potential buyers. The town's charm, combined with these modern developments, creates a perfect blend of tradition and convenience. This mix is particularly appealing to those looking for a holiday home that offers both relaxation and accessibility.
For those considering a property purchase, Cesenatico offers a unique opportunity. The town's picturesque canals and vibrant atmosphere make it a desirable location, while the ongoing developments promise a bright future for property values. Investing here means tapping into a thriving market with plenty of potential for growth.
Whether you're drawn by the scenic beauty or the bustling tourism industry, Cesenatico stands out as a prime location for property investment. Its rising popularity and economic vitality make it a smart choice for anyone looking to buy in a coastal town with a promising outlook.
Sources: Panorama, CSU, At Home in Andalucia
10) Ravenna's Darsena area is gaining interest for its waterfront redevelopment and high rental return potential
The Darsena area in Ravenna is quickly becoming a prime spot for waterfront redevelopment.
Thanks to the DARE project, the area is getting a digital makeover, making it more appealing for both locals and investors. This project is all about enhancing the area's charm and livability, turning it into a vibrant community hub.
The local government is heavily involved, with the municipality of Ravenna leading the charge in revamping public spaces and building new homes along the Candiano Canal. These efforts are part of a larger plan to breathe new life into the area, making it a desirable place to live and invest.
Tourism is booming in Emilia-Romagna, including Ravenna, with more visitors flocking to the region. This surge in tourism, especially in the Riviera Romagnola, is driving up demand for short-term rentals, which means higher rental yields in the Darsena area.
Property prices are on the rise, signaling a potential for high rental returns. This makes the Darsena area an attractive option for those looking to invest in real estate.
Sources: Urban Initiative, La Milano, Re-Value Cities
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.