Italy: Prestige real estate properties for sale in Bormio
What is the best place to spend summer holidays? Of course, 3-S – Sea, Sun and Sand – tourism is always holidaymakers’ privileged choice, but mountain resorts also offer numberless amenities and countless leisure activities to satisfy the needs of the most demanding visitor.
Keep up to date on real estate in Bormio on Realigro blog.
Italy boasts several not-to-be missed opportunities to spend pleasant wellbeing holidays among enchanting views of rocks and valleys. In Alto Adige – Bolzano-Bozen province – summer tourism is well enhanced and promoted with excellent results. In Valtellina – the Valtelline Valley – and Aosta Valley, instead, the promotion of summer tourism is still limited.
Valtellina has to face the problem of inadequate road network. It takes 2 hours and a half to get from Milan to Tirano by train – that very often travels on a single track; – then, it takes 45 minutes more to arrive to Bormio – among Italian Alps – by car: an endless journey for visitors. It doesn’t take less time to cover the distance – 205 kms – entirely by car. Verona airport is the reference airport for tourists coming from abroad, even if it is not very comfortable.
Several homeowners from Milan – or from Lombardy in general – have sold their home in Valtellina to move to the more comfortable mountains of Valle D’Aosta that can be easily reached via motorway network; indeed, many of the most expensive real estate properties in Valtellina are located in Madesimo.
Despite this, many entrepreneurs in Bormio are investing in the promotion of local products and in the enhancement of facilities of excellence to attract tourists during slack periods. For example, the Bagni Vecchi Hotel has been the first to abandon the therapeutic purposes of its thermal paths to develop wellbeing tourism.
Giuseppe Bonseri – one of the founders of Brico – complains about the lack of a well-thought-out promotion policy in the region. He is also the owner of the Sunny Valley Kelo resort in Santa Caterina Valfurva, an example of unique architecture in the Alps, as it is made solely of local rock and Laplandish wood and is located at a height of 2,775 metres.
The real estate market is particularly interesting in the sunny area located close to the golf course, where prices range from 3,500-4,000 euros per sqm to 5,000 euros per sqm. In the city centre, a one-roomed flat that is situated near the spa resort can cost 220,000 euros. A 100-m apartment, instead, costs 650,000 euros.
The real estate market in the region is slow, but prices are not expected to lower. Quotation prices are comprised between 5-6 thousand euros per sqm – for houses in need of renovation – and 8 thousand euros for houses located close to the cableway.
The high-end of the market has not been affected by the crisis. The sale of properties with prices ranging from 200 thousand to 350 thousand euros has decreased. This depends on the fact that homebuyers in the tourist area are above all professionals, manufacturers and small entrepreneurs who intend to make a safe investment by purchasing prestige real estate properties whose value will surely increase in the future. Furthermore, the choice of the client is based also on the presence of energy-saving facilities.
The Valtelline Valley attracts a large number of foreign tourists. Holidaymakers coming from Russia and Hungary are attracted by thermal tourism. Holidaymakers coming from the USA love typical products and sometimes they know them better than Italians do!
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Italy: Prestige real estate properties for sale in Bormio What is the best place to spend summer holidays? Of course, 3-S – Sea, Sun and Sand – tourism is always holidaymakers’ privileged choice, but mountain resorts also offer numberless amenities and countless leisure activities to satisfy the ...
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