Authored by the expert who managed and guided the team behind the Italy Property Pack
Yes, the analysis of Florence's property market is included in our pack
If you're a foreigner thinking about buying property in Florence, you're probably wondering what you can actually afford at different budget levels.
In this article, we break down the current housing prices in Florence and what each budget tier unlocks for you in early 2026.
We constantly update this blog post to reflect the latest market data and pricing trends in Florence.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Florence.
What can I realistically buy with $100k in Florence right now?
Are there any decent properties for $100k in Florence, or is it all scams?
At around $100,000 (roughly €85,000 at the January 2026 exchange rate), you can realistically buy a micro-studio of about 15 to 22 square meters in Florence, typically in outer neighborhoods or requiring some renovation work.
The neighborhoods offering the best value for a $100k budget in Florence are Rifredi (including the Careggi area), Isolotto-Legnaia, and parts of Novoli, where average asking prices hover around €3,700 to €4,000 per square meter instead of the €5,600 per square meter you would pay in the historic center.
Buying in popular central areas like Oltrarno or Santa Croce for $100k is technically possible, but you would be looking at extremely small spaces of around 13 to 15 square meters, which is essentially a single room with a bathroom.
The good news is that legitimate purchases in Florence are protected by law because every transaction must go through a notaio (a public official), and your real scam risk comes from paying large sums outside that notarized process.
What property types can I afford for $100k in Florence (studio, land, old house)?
For $100,000 in Florence (around €85,000), your realistic options are limited to micro-studios (monolocale) of 15 to 25 square meters, or slightly larger units that need significant renovation work.
At this price point in Florence, you should expect properties with outdated kitchens and bathrooms, older electrical systems, possible damp issues, and poor energy performance ratings, so budgeting an extra €10,000 to €30,000 for renovation is wise.
Among the property types available at the $100k level in Florence, a small studio in Rifredi or Isolotto-Legnaia tends to offer the best long-term value because these areas have steady local demand from students, hospital workers, and young professionals, rather than relying purely on tourist interest.
What's a realistic budget to get a comfortable property in Florence as of 2026?
As of early 2026, the realistic minimum budget to get a comfortable property in Florence is around €250,000 to €300,000 (approximately $290,000 to $350,000), which allows you to buy a proper one-bedroom or compact two-bedroom apartment in decent condition.
Most buyers looking for a comfortable standard in Florence typically need between €250,000 and €350,000 ($290,000 to $410,000) all-in, including closing costs, to avoid compromising too much on either size or location.
In Florence, "comfortable" generally means a property of 45 to 60 square meters with a separate bedroom, a functional kitchen, a proper bathroom, and no major renovation needs, ideally with good natural light and in a building with maintained common areas.
This required budget can vary by €50,000 to €100,000 depending on the neighborhood, with areas like Rifredi and Isolotto-Legnaia sitting at the lower end and Campo di Marte or Oltrarno pushing toward the higher end.
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What can I get with a $200k budget in Florence as of 2026?
What "normal" homes become available at $200k in Florence as of 2026?
As of early 2026, a $200,000 budget (around €170,000) in Florence opens the door to what locals would consider a "normal" small apartment, meaning a functional studio or compact one-bedroom in livable condition in residential neighborhoods outside the historic center.
At this budget in Florence, you can typically expect 32 to 43 square meters depending on the area, with Rifredi and Isolotto-Legnaia offering closer to 40 square meters while central locations like Campo di Marte would give you around 32 to 35 square meters.
By the way, we have much more granular data about housing prices in our property pack about Florence.
What places are the smartest $200k buys in Florence as of 2026?
As of early 2026, the smartest neighborhoods for a $200k purchase in Florence are Rifredi (especially near Careggi hospital), Isolotto-Legnaia, and select pockets of Campo di Marte, because these areas combine lower prices per square meter with strong local demand.
What makes these areas smarter buys than other $200k options in Florence is that they attract real residents, not just tourists, meaning your potential resale pool includes students, hospital workers, university staff, and families who actually live and work nearby.
The main growth factor driving value in these smart-buy areas of Florence is infrastructure investment and steady employment anchors like Careggi Hospital, the University of Florence facilities in Novoli, and improved tramway connections linking outer neighborhoods to the city center.
We have made this infographic to give you a quick and clear snapshot of the property market in Italy. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
What can I buy with $300k in Florence in 2026?
What quality upgrade do I get at $300k in Florence in 2026?
As of early 2026, moving from a $200k to a $300k budget (from €170,000 to €255,000) in Florence typically upgrades you from a small studio to a real one-bedroom or compact two-bedroom of 45 to 65 square meters, often in better condition or a more desirable location.
At $300k in Florence, you can sometimes buy in a newer building, especially in outer neighborhoods like Novoli, Rifredi, or Isolotto, though "new build" options are quite rare inside the historic center where most buildings are centuries old.
At this budget level in Florence, you start seeing features like renovated kitchens and bathrooms, updated electrical and plumbing systems, better energy performance ratings, and buildings with functioning elevators and well-maintained common areas.
Can $300k buy a 2-bedroom in Florence in 2026 in good areas?
As of early 2026, $300,000 (around €255,000) can definitely buy a two-bedroom apartment in good residential areas of Florence, though you may need to accept an older building or finishes that are not brand new.
The specific good areas in Florence where you can find two-bedroom options at this budget include Rifredi, Isolotto-Legnaia, and parts of Gavinana, while Campo di Marte becomes possible if you are flexible on size or condition.
A typical $300k two-bedroom in Florence offers around 60 to 75 square meters in neighborhoods like Rifredi or Isolotto-Legnaia, shrinking to around 50 to 55 square meters if you want a more central location in Campo di Marte.
Which places become "accessible" at $300k in Florence as of 2026?
At the $300k price point in Florence (around €255,000), neighborhoods like Campo di Marte, Gavinana, Galluzzo, and better pockets of Oltrarno become accessible with realistic options rather than just tiny compromise units.
What makes these newly accessible areas desirable compared to lower-budget options in Florence is their established residential character, with tree-lined streets, local shops, good schools, and a genuine neighborhood feel that attracts long-term residents rather than transient renters.
In these newly accessible areas of Florence, buyers at $300k can typically expect a proper one-bedroom or small two-bedroom apartment of 50 to 70 square meters in a solid older building, often with pleasant views or a small balcony.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Florence.
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What does a $500k budget unlock in Florence in 2026?
What's the typical size and location for $500k in Florence in 2026?
As of early 2026, a $500,000 budget (around €426,000) in Florence typically buys 65 to 75 square meters in the historic center or 80 to 110 square meters in residential neighborhoods like Campo di Marte, Gavinana, or the hillside areas.
At $500k in Florence, you can buy a family home with outdoor space, but this is more realistic in outer areas like Gavinana, Galluzzo, or the hills around Bellosguardo where terraces and small gardens are more common than in the dense historic center.
For $500k in Florence, the typical property is a two-bedroom or three-bedroom apartment with one or two bathrooms, and in outer residential zones you might find larger units suitable for families with children.
Finally, please note that we cover all the housing price data in Florence here.
Which "premium" neighborhoods open up at $500k in Florence in 2026?
At the $500k price point in Florence, premium neighborhoods that open up include Oltrarno (Santo Spirito and San Frediano), Santa Croce, the Lungarno streets along the Arno River, and prestigious hillside areas like Bellosguardo, Poggio Imperiale, and Arcetri.
What makes these neighborhoods premium in Florence is their combination of historic architecture, proximity to cultural landmarks, views of the Arno or the Tuscan hills, quieter streets away from mass tourism, and an authentic Florentine lifestyle with artisan workshops and local markets.
In these premium Florence neighborhoods for $500k, buyers can realistically expect a character apartment of 60 to 80 square meters in a historic palazzo, possibly with original features like high ceilings, terracotta floors, or exposed beams, though building elevator and condition quality varies significantly.
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.
What counts as "luxury" in Florence in 2026?
At what amount does "luxury" start in Florence right now?
In Florence, luxury real estate generally starts around €700,000 to €1,000,000 ($820,000 to $1,170,000), which is where you begin to find properties with prime addresses, larger sizes, and rare features all combined.
What defines the entry point to luxury in Florence is the combination of a prestigious central location (Duomo area, Lungarno, or hillside), generous size above 100 square meters, quality renovation, and sought-after features like Arno views, private terraces, original frescoes, or dedicated parking.
Compared to other Italian cities, Florence's luxury threshold is higher than Bologna or Turin but lower than central Milan or prime Rome, reflecting its status as a globally recognized cultural destination with limited prime inventory.
Mid-tier luxury properties in Florence typically range from €1,000,000 to €2,500,000 ($1,170,000 to $2,900,000), while top-tier luxury including historic villas and exceptional penthouses starts above €3,000,000 ($3,500,000).
Which areas are truly high-end in Florence right now?
The truly high-end neighborhoods in Florence right now are the micro-areas around Piazza del Duomo and Piazza della Signoria, the Ponte Vecchio and Lungarno stretches, San Niccolò near Piazzale Michelangelo, and the prestigious hills of Bellosguardo, Settignano, and Fiesole.
What makes these areas truly high-end in Florence is their extreme scarcity of available properties, iconic views of the city or Tuscan countryside, historic prestige dating back centuries, and the privacy and exclusivity they offer away from tourist crowds.
The typical buyer profile for these high-end Florence areas includes wealthy international buyers seeking a cultural retreat, successful entrepreneurs and executives wanting a prestigious European base, established Florentine families upgrading within their ancestral city, and collectors drawn to the art and history.
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How much does it really cost to buy, beyond the price, in Florence in 2026?
What are the total closing costs in Florence in 2026 as a percentage?
As of early 2026, the total closing costs for buying property in Florence as a foreign buyer purchasing a second home typically range from 10% to 15% of the purchase price, which is a significant amount to budget for on top of the property itself.
The realistic low-to-high range covering most standard transactions in Florence is about 10% in the best case (smaller property, no agency) to 15% or more when you include agency fees and the full registration tax burden.
The specific fee categories making up this total in Florence include the registration tax (usually 9% for second homes, calculated on cadastral value), fixed mortgage and cadastral taxes (€50 each), notary fees (1% to 2%), and agency commission (typically 3% to 4% plus VAT).
To avoid hidden costs and bad surprises, you can check our our pack covering the property buying process in Florence.
How much are notary, registration, and legal fees in Florence in 2026?
As of early 2026, notary fees in Florence typically cost €2,000 to €5,000 ($2,350 to $5,850) depending on property value, registration tax runs 2% to 9% of cadastral value (€3,000 to €20,000 or more), and legal assistance if needed adds €1,000 to €3,000 ($1,170 to $3,500).
These fees together typically represent 3% to 11% of the property price in Florence, with registration tax being the variable that swings the total most dramatically depending on whether you qualify for prima casa relief or not.
In Florence, the registration tax is by far the most expensive of these three fees because it can reach 9% for second-home purchases, while notary fees stay relatively fixed and legal fees are optional if you trust the notaio to handle everything.
What annual property taxes should I expect in Florence in 2026?
As of early 2026, annual property tax (IMU) for a typical second home in Florence runs around €1,500 to €3,000 per year ($1,750 to $3,500), depending on the property's cadastral value and category.
Florence's IMU rate for second homes (classified as "altri fabbricati") is 1.06% of the cadastral-based taxable value, which is typically much lower than market value but still adds up to a meaningful annual expense.
Property taxes in Florence vary significantly based on property type, with luxury categories (A/1, A/8, A/9) paying even on primary residences at 0.6%, while standard second homes pay the full 1.06% rate, and location within Florence does not change the rate but does affect cadastral values.
The main exemption available is that primary residences (abitazione principale) are IMU-exempt in Florence, except for luxury-category properties, which is a significant benefit if you become an Italian resident and make Florence your main home.
You can find the list of all property taxes, costs and fees when buying in Florence here.
Is mortgage a viable option for foreigners in Florence right now?
Getting a mortgage as a foreigner in Florence is viable but not easy, with Italian banks being more conservative toward non-resident buyers and requiring stronger documentation than they would from Italian nationals.
Foreign buyers in Florence can typically access loan-to-value ratios of 50% to 70% (compared to around 80% for residents), with current interest rates in the 3% to 4% range for variable rates and slightly higher for fixed rates, though these vary by bank and profile.
To qualify for a mortgage in Florence, foreign buyers typically need proof of stable income (employment contracts or business accounts), Italian tax identification (codice fiscale), a valid passport, proof of funds for the deposit, and often a local bank account, with some banks requiring income to be in euros or from EU sources.
You can find the list of all property taxes, costs and fees when buying in Florence here.
We made this infographic to show you how property prices in Italy compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What should I predict for resale and growth in Florence in 2026?
What property types resell fastest in Florence in 2026?
As of early 2026, the property types that resell fastest in Florence are well-maintained one-bedroom and compact two-bedroom apartments (45 to 80 square meters) in residential neighborhoods with good transport links and no major building issues pending.
The typical time on market to sell a property in Florence is around 3 to 6 months when priced correctly, with the national average sitting at about 5.6 months and sellers typically accepting a discount of around 7% to 8% from the original asking price.
What makes certain properties sell faster in Florence specifically is their appeal to the local buyer pool (students, young professionals, hospital workers) rather than depending purely on tourist-oriented short-term rental demand, which has become subject to increasing regulation.
The slowest properties to resell in Florence tend to be micro-studios under 30 square meters in buildings with condo disputes or pending major works, as well as ground-floor units in flood-prone streets near the Arno, which local buyers actively avoid.
If you're interested, we cover all the best exit strategies in our real estate pack about Florence.
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What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Florence, we always rely on the strongest methodology we can, and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why It's Authoritative | How We Used It |
|---|---|---|
| Agenzia delle Entrate - Purchase Taxes | Italy's official tax authority explaining actual taxes due at purchase. | We used it to determine the official purchase tax structure (2%/9% registration tax, fixed taxes, VAT cases). We converted those rules into realistic closing cost percentages for foreign buyers. |
| European Central Bank - EUR/USD Rate | The official ECB reference rate used for benchmarking currency conversions. | We used it to convert USD budgets into EUR transparently for January 2026. We then priced all Florence properties in EUR per square meter for accuracy. |
| idealista - Florence Price Report | Major Italian property portal with published methodology and neighborhood data. | We used it to estimate current asking prices per square meter in Florence by area. We translated each budget into realistic square meters and neighborhood options. |
| Immobiliare.it - Florence Market | Italy's largest real estate portal with frequently updated local stats. | We used it to cross-check Florence prices against idealista. We used it as triangulation so we're not relying on a single private index. |
| Banca d'Italia - Housing Survey | Italy's central bank survey with consistent national time-series data. | We used it for typical time-to-sell and discounting from asking price. We converted listing prices into realistic achieved prices and timelines. |
| Consiglio Nazionale del Notariato | National notaries' body providing official consumer guidance on purchases. | We used it to confirm the "prezzo-valore" approach and cadastral coefficients. We also referenced it for buyer safety and the notaio's fraud prevention role. |
| MEF - Florence IMU Rates | Ministry of Economy archive of official municipal IMU rate prospects. | We used it to pull Florence's actual IMU percentages for second homes and luxury categories. We turned those rates into annual tax estimates you can budget for. |
| Comune di Firenze - IMU Page | The city's own taxpayer guidance page for property taxes. | We used it to confirm Florence actively publishes IMU instructions. We referenced it as a practical pointer for deadlines and payment methods. |
| Agenzia delle Entrate - OMI Quotations | Official government real estate observatory describing zone price methodology. | We used it as the anchor that Florence prices must stay within by zone. We triangulated budget examples using private indexes for current market levels. |
| ISTAT - House Price Index | Italy's official statistics institute publishing the national price index. | We used it to frame the national price backdrop going into 2026. We avoided over-extrapolating by relying on Florence-specific data from local indexes. |
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.
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