As investors become more aware of the untapped potential that Italy presents, Italian regions and cities are in turn eager to attract investors in all sectors, including real estate. Tuscany is among them.
“We think that Tuscany has a lot to offer in terms of opportunities because we have a very dynamic and diversified economy,” Filippo Giabbani executive director of invest in Tuscany told Real Asset Insight’s Richard Betts.
He said there are three main opportunities: Student housing; medical and assisted living; and tourism.
While Tuscan city Florence attracts large number of students who need accommodation, it also has one of the highest life expectancy levels and a world-renowned tourism offer. All three sectors create opportunities for investors throughout Tuscany, Giabbani said.
However, the Scandicci district of Florence, effectively a new town in the south of the city, is keen to attract investors, in particular to provide more student accommodation. “Scandicci is the future of Florence,” says Sandro Fallani, mayor of the Comune di Scandicci.
Click on the video to watch the full interview or listen to the podcast below.