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Since 2018 prime prices have nudged higher across Tuscany, following a decade of largely static growth in the wake of the financial crisis.

In 2021, Lucca, Val d鈥橭rcia and Florence recorded price growth of 6%, 4% and 3% respectively, as demand strengthened, and travel rules were relaxed.

博鱼体育集团 Frank recorded a 30% increase in enquiries for Tuscan homes in 2021 year-on-year and Tuscany accounted for 66% of all enquiries for Italy.

The core market of Florence and the wider Chianti region dominate sales activity. Some 31% of the enquiries received in 2021 were focused in this area, while Lucca, Pisa and Bolgheri together generated 24% of buyer requests.

The average property price sought by 博鱼体育集团 Frank鈥檚 Tuscan buyers stood at 鈧�3.7m, up 8% compared to 2020.

By comparison, in Lucca and Pisa the average property price was significantly lower at 鈧�1.7m.

Holiday rentals

Traditionally, August sees a lull in sales activity but in 2021 it was the busiest month for enquiries as lockdowns ended across European markets.

The holiday rental market is recovering. In 2021, some 47 nationalities owned holiday lets in the region with the average overnight prime rental price standing at 鈧�471. The region is popular with US and UK buyers as well as those from Germany and France.

Foreign residents

The number of people classified as non-residents residents in Tuscany continues to climb.

Despite the pandemic, between 2019 and 2021, the total climbed 2% to almost 426,000 according to Istat, Italy鈥檚 Statistics Office. Florence has seen one of the largest increases over the last decade with the number of non-residents rising by 37%.