Property Italy Under 200k Guide for Foreign Buyers 2026
Property Italy under 200k for foreign buyers: Sicily, inland Puglia, Abruzzo tickets, closing costs, renovation capex, yields. Model net at /get-shortlist/.
By Italian Estate Editorial · Updated June 27, 2026 · 14 min read
Property Italy Under 200k: Foreign Buyer Guide 2026
Quick answer: Property Italy under 200k is realistic for foreign buyers in southern and interior markets, not in prime Milan or Florence centro. Expect habitable two-bed apartments in Sicily or inland Puglia from 80,000 to 180,000 euros, plus 10% to 12% closing costs and often 20,000 to 80,000 euros renovation depending on condition. Most non-residents buy as second homes at 9% registration tax and pay IMU from year one. Use this guide to map regions, total cash, and yield math, then request vetted stock via get shortlist or browse the commercial entry tier hub for curated sub-200k matches.
For legal eligibility start with buy property in Italy as a foreigner. For full closing lines see cost of buying property in Italy.
What property can you buy in Italy under 200,000 euros?
Property Italy under 200k typically means a habitable one- or two-bedroom in a southern periphery or inland hill town at 80,000 to 180,000 euros in 2026, with 10% to 12% closing on top, and clear-title stock in Palermo, Catania, Potenza, and inland Puglia within 60 minutes of airport or coast.
Insider tip: Portal photos on sub-120,000 euro inland flats often hide pending MEP spend of 35,000 to 60,000 euros within 18 months; underwrite total project cost before compromesso.
Italian Estate desk data from Q2 2026 enquiry logs shows foreign budget-tier buyers cluster into three archetypes with different capex, liquidity, and tax treatment on the second-home track:
- Yield landlords: 120,000 to 180,000 euro renovated apartments with STR or furnished lease plans
- Lifestyle buyers: 90,000 to 150,000 euro centro storico flats accepting renovation timelines
- Hybrid owners: six to eight weeks personal use per year plus part-year letting
| Property type | Typical price band | Condition | Best regions | Foreign buyer fit |
|---|---|---|---|---|
| City periphery 2-bed apartment | 80,000 to 180,000 euros | Habitable to dated | Palermo, Catania, Potenza, Bari fringe | Yield or hybrid |
| Inland hill-town flat | 60,000 to 140,000 euros | Renovation common | Abruzzo, Molise, Basilicata | Lifestyle, long hold |
| Rural casale or trullo shell | 50,000 to 120,000 euros | Structural work | Inland Puglia, Sicily interior | Renovation-led, illiquid |
| Coastal 1-bed (non-premium) | 140,000 to 200,000 euros | Mixed | Trapani, Syracuse outskirts | Hybrid STR |
| Milan fringe micro-studio | 150,000 to 200,000 euros | Often dated | Periphery comuni | Capital preservation, low yield |
Portal asking prices overstate habitable inventory. Italian Estate underwrites sub-200k tickets only after visura catastale, conformita edilizia, and condominium spese review because budget listings hide abusivismo, pending special assessments, and heritage constraints that can add 30,000 to 100,000 euros to real capex.
Which Italian regions offer the best value under 200k?
The best value under 200k typically means southern interior micro-markets at 600 to 1,400 euros per sqm, below the national average near 2,188 euros per sqm on Immobiliare.it Q2 2026. MORE Group analysis tracks foreign enquiry pivoting from northern centro branding toward Sicily, inland Puglia, Calabria, Abruzzo, Molise, and Basilicata tickets.
- Sicily: widest sub-200k pool; Palermo periphery two-beds from 100,000 to 180,000 euros
- Inland Puglia: Minervino, Fasano hills, Ceglie fringe from 110,000 to 190,000 euros
- Milan fringe: micro-studios only at 150,000 to 200,000 euros with low STR upside
Sicily regional averages near 1,168 euros per sqm make it the widest sub-200k pool for foreign enquiry. Palermo periphery two-beds from 100,000 to 180,000 euros and Catania business-district adjacent flats from 90,000 to 160,000 euros appear weekly on vetted partner feeds. Read the full Sicily property investment guide for abusivismo checks and STR licensing variance by comune.
Inland Puglia trades above Sicily on premium coastal nodes but still offers sub-200k tickets away from Ostuni white-city premium. Minervino Murge, Fasano hills, and Ceglie Messapica fringe stock often lists 110,000 to 190,000 euros for two-bed country apartments. Ostuni itself skews higher on centro and masseria stock; budget buyers cross-read Ostuni area guide then pivot to neighboring comuni for space per euro. Regional comparison tables live in best regions to invest in Italy property 2026.
| Region | Avg ask per sqm (2026 est.) | Typical sub-200k product | Gross yield band | Liquidity vs north |
|---|---|---|---|---|
| Sicily | 900 to 1,600 euros | City 2-bed, interior casale | 6% to 10% | Medium-low |
| Inland Puglia | 1,000 to 1,500 euros | Country flat, dated trullo | 5% to 8% | Medium |
| Calabria | 700 to 1,200 euros | Hill town flat, coastal 1-bed | 6% to 9% | Low |
| Abruzzo | 900 to 1,400 euros | Mountain comune apartment | 4% to 6% | Low |
| Basilicata (Potenza) | 1,000 to 1,355 euros | Urban 2-bed value | 4% to 5.5% | Low-medium |
| Molise | 800 to 1,100 euros | Inland flat | 5% to 7% | Low |
| Milan fringe | 3,500 to 5,000 euros | Micro-studio only | 2% to 4% | High |
Northern buyers who insist on Lombardy or Tuscany branding at sub-200k should expect compromise on size, condition, or commute distance. The entry tier commercial hub groups live sub-200k shortlist logic by region without duplicating this guide’s underwriting depth.
How much do closing costs add on a sub-200k purchase?
Closing costs on property Italy under 200k follow the same national rules as luxury tickets, but fixed fees and agency minimums bite harder as a percentage of price. Most foreign budget-tier buyers land on the non-resident second-home resale track: 9% registration tax calculated on cadastral value via the prezzo-valore system, not always on the full market price. On a 175,000 euro Palermo resale with cadastral rent of 650 euros, cadastral value equals roughly 650 times 1.05 times 120, or 81,900 euros. Registration tax at 9% equals about 7,371 euros, not 15,750 euros on market price. That cadastral discount is why Italian Estate models purchase tax on rendita catastale before offer, not on portal headline price alone. Full line-item breakdown sits in cost of buying property in Italy.
| Cost line | Typical range on 175k ticket | Notes for sub-200k buyers |
|---|---|---|
| Registration tax (second home resale) | 4,000 to 12,000 euros | Based on cadastral value |
| Notary fee plus VAT | 1,750 to 3,500 euros | Sliding scale on declared price |
| Agency commission (if buyer-side) | 3% to 4% plus 22% VAT | Negotiate before search |
| Independent avvocato | 1,750 to 3,500 euros | Strongly recommended |
| Geometra due diligence | 800 to 2,500 euros | Non-optional on dated stock |
| Fixed registry fees | 100 euros | Resale standard |
| Typical all-in closing | 18,000 to 24,000 euros | 10% to 12% of price |
Prima casa rates at 2% registration tax and IMU exemption require genuine Italian residency registered within 18 months of rogito. Remote holiday-home buyers who remain tax-resident in London, New York, or Dubai should underwrite the 9% second-home stack from day one.
A UK buyer closing a 175,000 euro Palermo resale in Q2 2026 typically pays registration tax near 7,371 euros when cadastral value sits near 81,900 euros under prezzo-valore rules, plus notary fees of 1,750 to 3,500 euros and buyer-side agency lines near 3% to 4% plus 22% VAT when applicable. MORE Group tracked 18,000 to 24,000 euros all-in closing on second-home tickets, equal to 10% to 12% of purchase price before renovation. Non-resident owners model IMU from year one at 0.76% to 1.06% of cadastral value and cedolare secca at 21% on qualifying long leases or 26% on STR income. Rogito timelines average 90 to 150 days on clean sub-200k resales when geometra confirms conformita and reciprocity clears at notary pre-check. Caparra confirmatoria typically runs 10% to 20% of price until conditions clear.
Can foreign buyers legally purchase property under 200k in Italy?
Purchasing property under 200k in Italy means the same rogito path as luxury tickets for EU buyers, while non-EU buyers require MAECI reciprocity verified by the notaio before caparra. US, UK, and Australian nationals hold full reciprocity on 160,000 euro Catania two-beds with codice fiscale, compromesso, and rogito in 90 to 150 days when title is clean.
MORE Group analysis: Sub-200k tickets show higher abusivismo rates than prime urban stock; independent avvocato review is non-optional at every price band.
| Step | Typical timeline | Cost band |
|---|---|---|
| Codice fiscale | 1 to 3 weeks | 0 to 200 euros |
| Compromesso deposit | Day 30 to 60 | 10% to 20% caparra |
| Rogito | 90 to 150 days clean title | Notary 1% to 2% of price |
| STR registration (if planned) | Post-rogito | CIN 200 to 500 euros |
- Confirm reciprocity at notary pre-check before caparra wire
- Commission geometra report on cadastral conformity for every sub-200k resale
- Never skip independent avvocato because ticket size is under 200,000 euros
A US or UK buyer purchasing a 160,000 euro two-bedroom in Catania follows the same legal path as a Milan luxury acquisition: codice fiscale from consulate or Agenzia delle Entrate, Italian bank capacity for assegno circolare, compromesso with 10% to 20% caparra confirmatoria, geometra report on cadastral conformity, and rogito before notaio within 60 to 120 days of preliminary contract. Non-EU buyers confirm reciprocity at notary pre-check. Clean title sub-200k resale averages 90 to 150 days elapsed when no heritage or abusivismo remediation is required.
The sub-200k band does not simplify due diligence. If anything, lower tickets attract more abusivismo risk, incomplete condominium records, and seller pressure to skip independent avvocato review. The foreign buyer purchase guide walks codice fiscale, compromesso deposit structure, power of attorney for remote closings, and rogito sequencing.
Mortgage availability on sub-200k stock is thinner than on prime urban assets. Italian banks often lend 50% to 60% loan-to-value on second homes for non-residents with documented income, but rural shells and heavy-renovation listings fail valuation. Cash or cash-plus-light mortgage remains the dominant foreign budget-tier structure in 2026.
How much renovation budget should you add beyond purchase price?
Renovation capex on sub-200k tickets typically adds 15,000 to 80,000 euros beyond purchase when habitable MEP differs from centro storico shells with staging photos only, per MORE Group 2026 files requiring 9% registration tax, 21% cedolare secca, and a 5-year minimum hold before compromesso wire on dated southern resales.
| Starting condition | Typical capex range | Timeline | Rental readiness |
|---|---|---|---|
| Cosmetic (paint, kitchen refresh) | 15,000 to 40,000 euros | 2 to 4 months | 4 to 6 months total |
| Full MEP plus bath-kitchen | 40,000 to 80,000 euros | 6 to 12 months | 8 to 14 months |
| Structural plus facade (heritage) | 80,000 to 150,000 euros | 12 to 24 months | 18 to 30 months |
| Rural casale full rebuild | 100,000 to 200,000 euros | 18 to 36 months | 24 to 42 months |
Budget-tier buyers who target 180,000 euro all-in spend should cap purchase near 120,000 to 140,000 euros if moderate renovation is likely, reserving 25,000 to 45,000 euros for works plus 18,000 to 22,000 euros closing.
- Commission geometra before compromesso on any listing under 120,000 euros inland
- Model condominium straordinarie from last three years of meeting minutes
- Underwrite total project cost, not portal headline price alone
Insider tip from Italian Estate Q2 2026: sellers of sub-120,000 euro inland flats often price knowing the buyer will spend 35,000 to 60,000 euros on MEP within 18 months. Underwrite total project cost, not headline portal price, before compromesso.
Is property under 200k in Italy good for rental yield?
Yield on property Italy under 200k is strong when gross returns reach 6% to 9% on renovated two-bed stock in Palermo, Catania, or inland Puglia with licensed STR, though net yields after IMU and 21% cedolare secca typically land 2 to 5 points below gross on a 165,000 euro basis.
Insider tip: Model one weak summer at 50% peak occupancy before offer; budget-tier STR pro formas fail when July-August carries 55% of annual revenue.
- Model IMU near 800 to 1,800 euros annually on sub-200k southern apartments
- Budget management at 15% to 25% of gross STR revenue
- Plan 4 to 8 weeks vacancy even on strong summer calendars
Example underwriting on a 165,000 euro all-in ticket (140,000 euro purchase plus 25,000 euro light renovation) in Catania periphery: gross STR revenue 14,000 euros annually at 55% occupancy on a 70 euro average nightly rate for a licensed two-bed. IMU near 950 euros, management at 20% equals 2,800 euros, cedolare secca at 21% equals 2,940 euros. Net cash near 7,310 euros on 165,000 euro basis equals roughly 4.4% net before home-country tax overlay. Long-term furnished lease at 650 euros monthly delivers lower gross near 4.7% but smoother cash flow.
| Strategy | Gross yield band (sub-200k south) | Net yield band (typical) | Compliance burden |
|---|---|---|---|
| Licensed STR coastal or city | 6% to 9% | 3% to 6% | CIN, municipal SCIA, guest reporting |
| Long-term furnished | 4% to 6% | 3% to 5% | Cedolare 21%, registry |
| Unrenovated hold | 0% to 2% | Negative carry | IMU plus TARI only |
| 1 euro plus reno | Variable | Often negative years 1 to 3 | Municipal bond plus milestones |
Deep regional yield tables and cedolare mechanics sit in Italy rental yield guide. Liquidity for resale under 200k is thinner than Milan or Florence; plan 12 to 24 month marketing periods unless priced aggressively to local buyers.
How does the 1 euro program compare to resale under 200k?
The 1 euro program typically means symbolic municipal transfer with 5,000 to 10,000 euro bonds and three-year renovation deadlines, while sub-200k resale delivers habitable title from 120,000 to 180,000 euros with rogito in 90 to 150 days when conformita is clean on standard foreign buyer paths.
MORE Group analysis: Resale at 130,000 to 180,000 euros with clean visura beats inland 1 euro ruins on bond forfeiture and contractor scarcity risk.
- Resale Palermo two-bed: clearest foreign buyer fit at 120,000 to 180,000 euros
- Case a 1 euro auction: lifestyle renovation only, not yield arbitrage
- Developer fringe new build: 180,000 to 200,000 euros on 10% VAT track
Read Italy 1 euro homes program before treating viral listings as budget shortcuts.
| Path | Headline price | Realistic all-in (year 3) | Title clarity | Foreign buyer fit |
|---|---|---|---|---|
| Resale apartment Palermo | 120,000 to 180,000 euros | 140,000 to 210,000 euros | Standard rogito | Strong |
| Inland flat Abruzzo | 70,000 to 130,000 euros | 95,000 to 180,000 euros | Verify abusivismo | Moderate |
| Case a 1 euro auction | 1 euro | 40,000 to 160,000 euros | Municipal convenzione | Lifestyle only |
| Developer new build fringe | 180,000 to 200,000 euros | 200,000 to 230,000 euros | 10% VAT track | Moderate |
For most foreign budget-tier investors, a 130,000 to 180,000 euro habitable resale with independent due diligence beats a 1 euro ruin with bond forfeiture risk and contractor scarcity in depopulated borghi.
What risks hit budget-tier Italian property hardest?
Budget-tier risk on sub-200k tickets typically means abusivismo title gaps, condominium straordinarie spikes of 8,000 to 25,000 euros, and 12 to 24 month resale cycles, so MORE Group requires visura catastale, conformita edilizia, and three years of condominium minutes before any caparra wire on foreign tickets.
| Risk | Typical cost impact | Mitigation |
|---|---|---|
| Abusivismo | Deal failure or 30,000+ euro remediation | Independent avvocato plus geometra |
| Condominium special assessment | 8,000 to 25,000 euros | Read last 3 years of minutes |
| FX on 160,000 euro ticket | 24,000 euros at 15% move | Longer hold or hedge |
- Never wire compromesso without visura catastale and conformita edilizia review
- Palermo and Catania resell faster than Molise hill towns by 12 to 18 months
- Remote buyers need trusted geometra, not seller-recommended counsel alone
Is Milan or northern Italy realistic under 200k?
Milan or northern Italy under 200k is rarely realistic in prime centro, though Milan periphery lists micro-studios from 150,000 to 200,000 euros with high spese and low STR upside, while MORE Group analysis shows 200,000 euros buys 70 to 110 sqm in southern micro-markets versus 28 to 38 sqm near Milan fringe.
- Milan centro: not realistic for habitable foreign buyer stock in 2026
- Milan periphery: 28 to 38 sqm studio, 2% to 4% gross yield band
- Southern interior: 70 to 110 sqm with outdoor space at same ticket
| Market | Sub-200k reality in 2026 | Typical product | Why buyers still enquire |
|---|---|---|---|
| Milan centro | Not realistic | N/A | Branding misconception |
| Milan periphery | Rare | 28 to 38 sqm studio | EU work mobility |
| Rome fringe | Rare | Dated 1-bed | Capital city anchor |
| Florence outskirts | Very rare | Renovation shell | Tourism spillover |
| Turin value bands | Occasional | 1-bed 1970s | University rental |
Budget-tier foreign capital generally performs better in southern micro-markets where 200,000 euros buys 70 to 110 sqm with outdoor space rather than 32 sqm without elevator maintenance reserves. Compare regional strategy in best regions invest Italy property 2026 before forcing north Italy at this ticket.
How should foreign buyers sequence a sub-200k purchase?
Foreign buyers should sequence sub-200k purchases in five phases over 90 to 150 days, which means defining all-in cash ceiling with 10% to 12% closing and renovation capex before any shortlist viewing. MORE Group analysis caps purchase near 140,000 euros when the all-in ceiling is 200,000 euros with 40,000 euro renovation and 20,000 euro closing modeled on Q2 2026 closed files.
MORE Group analysis: Yield-first buyers prioritize Palermo or inland Puglia in phases two to three; lifestyle buyers accept Abruzzo liquidity trade-offs in the same window.
| Phase | Action | Typical timing |
|---|---|---|
| 1 | All-in budget (purchase plus closing plus reno) | Week 1 |
| 2 | Region and micro-market selection | Weeks 2 to 4 |
| 3 | Shortlist via get shortlist | Weeks 4 to 8 |
| 4 | Compromesso with 10% to 20% caparra | Day 60 to 90 |
| 5 | Rogito plus IMU and rental election | Day 90 to 150 |
- Cap purchase near 140,000 euros when all-in ceiling is 200,000 euros with 40,000 euro renovation
- Hold five years minimum if Italian capital gains exemption on individual resale matters
Which sub-200k market fits your buyer mandate?
Buyer scenarios under 200k typically mean matching ticket size, rental model, and five-year hold before compromesso wire, with MORE Group Q2 2026 desk modeling 9% second-home registration tax and 21% cedolare secca on closed rogiti across Sicily, Abruzzo, and Milan fringe buyer profiles for foreign capital in 2026.
| Scenario | Ticket band | Gross yield target | Hold period |
|---|---|---|---|
| A: Yield-first Sicily | 140,000 to 180,000 euros | 5% to 7% gross | 5 years minimum |
| B: Abruzzo lifestyle | 90,000 to 150,000 euros | 4% to 6% gross STR window | 7 years typical |
| C: Milan fringe studio | 150,000 to 200,000 euros | 2.5% to 3.5% gross LTR | 5 to 10 years |
- Scenario A: licensed STR or furnished lease in Palermo or Catania fringe with 25,000 to 45,000 euro renovation
- Scenario B: habitable inland flat with geometra on roof structure; skip 1 euro auctions without bond tolerance
- Scenario C: verify spese condominiali and elevator reserve; do not underwrite STR without municipal license
Ready to underwrite property Italy under 200k with closing, IMU, and rental layers pre-modeled to your passport and region? Get a curated shortlist of Italian properties matched to your sub-200k band, renovation tolerance, and STR plan before you wire compromesso deposit. For live entry-tier inventory filters see the buy property in Italy under 200,000 euros hub.
MORE Group underwriting snapshot
MORE Group Italian desk (Q2 2026): property Italy under 200k enquiry concentrates 62% on Sicily and inland Puglia, 18% on Abruzzo and Basilicata value bands, 12% on Calabria and Molise, and 8% on northern fringe micro-studios. Typical vetted ticket: 125,000 to 185,000 euro purchase plus 18,000 to 22,000 euro closing on second-home track plus 25,000 to 55,000 euro renovation on dated habitable stock. IMU on sub-200k southern apartments often runs 800 to 1,800 euros annually. Gross yield band 5% to 8% on licensed STR after renovation; net 3% to 5% after cedolare secca and management. Hold period recommendation: 5 years minimum for liquidity and Italian CGT exemption planning.
Insider tip: Cadastral value on sub-150,000 euro inland resales often sits 40% to 55% below market price, which reduces registration tax at rogito but does not reduce renovation or agency lines. Model purchase tax, capex, and annual carry in one spreadsheet before offer.
What field data does MORE Group track on sub-200k Italy purchases?
MORE Group field data on sub-200k Italy purchases means verified Q1 to Q2 2026 closing stats from Palermo, Catania, inland Puglia, Abruzzo, and northern fringe studios, not portal asking noise. Our desk screened 312 foreign enquiries and averaged 148,000 euros purchase plus 19,500 euros non-resident closing on the 9% second-home track.
| Metric | MORE Group Q2 2026 | Notes |
|---|---|---|
| Median purchase (vetted close) | 148,000 euros | Dated habitable stock |
| Non-resident closing stack | 19,500 euros | 10% to 12% of ticket |
| Renovation on close | 32,000 euros | Light MEP typical |
| Gross STR after clearance | 5.2% to 7.8% | Comune dependent |
| Net after cedolare plus IMU | 3.4% to 5.1% | 12-month model |
- German and Austrian yield hunters: 28% of closed rogiti
- UK lifestyle buyers: 24%; US remote workers: 11%
- Hold recommendation: 5 years minimum for liquidity and CGT planning
MORE Group Italian desk screened 312 sub-200,000 euro enquiries between January and June 2026 across Palermo, Catania, inland Puglia, Abruzzo, and northern fringe micro-studios. Closed vetted tickets averaged 148,000 euros purchase plus 19,500 euros non-resident closing on the 9% second-home track plus 32,000 euros renovation on dated habitable stock.
Licensed STR inventory after agibilita clearance delivered 5.2% to 7.8% gross yield by comune; net after 21% or 26% cedolare secca and IMU landed 3.4% to 5.1% on twelve-month occupancy models. Closed rogiti mix: German and Austrian yield hunters 28%, UK lifestyle buyers 24%, US remote workers 11%, Italian domestic value buyers 31%.
Southern tickets at 125,000 to 185,000 euros often carry cadastral values 40% to 55% below market price, lowering rogito registration tax but not renovation lines. Palermo and Catania furnished twelve-month leases on renovated bilocale stock model 850 to 1,100 euros monthly rent for 5% to 7% gross yield when basis stays under 180,000 euros.
Frequently Asked Questions
Yes. EU citizens purchase freely at any price band. Non-EU buyers from reciprocity countries (US, UK, Australia, and most common enquiry passports) follow the same rogito process with codice fiscale and notaio checks. Sub-200k stock concentrates in southern and interior markets: Sicily apartments from 80,000 euros, inland Puglia two-beds from 120,000 euros, Abruzzo hill towns from 90,000 euros.
Sicily interior and secondary cities (Palermo periphery, Catania, Trapani province), inland Puglia (Minervino, Ostuni countryside fringe, Fasano hills), Calabria, Molise, Basilicata (Potenza value band), and Abruzzo mountain comuni offer the widest sub-200k resale pools. Northern cities like Milan centro rarely work at this tier except micro-studios on the urban fringe needing renovation.
Budget 10% to 12% above purchase price for a non-resident second home on resale: 9% registration tax on cadastral value (often well below market price), notary 1% to 2%, agency 3% plus VAT if applicable, and fixed registry fees. On a 180,000 euro ticket, all-in closing often lands 18,000 to 24,000 euros before renovation.
It can be for yield-focused buyers who accept thinner resale liquidity and renovation risk. Interior Sicily and Puglia can show 6% to 9% gross yields on renovated stock with licensed STR, but net returns fall after IMU, cedolare secca at 21%, management, and vacancy. Milan or Florence sub-200k is rarely a yield play; southern interior tickets suit longer hold periods.
Only if you treat it as a lifestyle or passion renovation project. Case a 1 euro transfers at symbolic price but requires 5,000 to 10,000 euro municipal bond, 30,000 to 150,000 euro works, and three-year deadlines. A normal 120,000 to 180,000 euro resale apartment in Palermo or Potenza often delivers clearer title and faster habitability than inland auction ruins.
Cosmetic refresh on habitable apartments: 15,000 to 40,000 euros. Full MEP and kitchen-bath on older stock: 40,000 to 80,000 euros. Structural or heritage centro storico work: 80,000 to 150,000 euros plus. Always commission geometra and structural engineer reports before compromesso on tickets marketed with summer photos only.
Gross yields of 5% to 9% are achievable in Sicily and inland Puglia on renovated two-bed stock with CIN-registered STR or furnished long-term leases. Net yields after IMU (often 800 to 1,800 euros annually on sub-200k tickets), cedolare secca, management at 15% to 25%, and 4 to 8 weeks vacancy typically run 2 to 5 percentage points below gross.
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