How much do houses cost in the main and most popular Italian seaside resorts? And how do prices change between a seafront purchase and a more peripheral one? With the summer holidays just around the corner, Immobiliare.it Insightsthe proptech company of the group of Immobiliare.itthe real estate portal specialized in market analysis and data intelligence, examined property prices in some of the most renowned seaside destinations in Italy and compared the budget needed to buy within a 5-minute walk from the beach with the one required beyond this radius.
The record of Forte dei Marmi
Among the destinations examined, Forte dei Marmi it is by far the most expensive, regardless of whether it is purchased near or far from the sea. To secure a home within walking distance of the beach in the prestigious Tuscan resort, on average you need over 10,000 euros/m2, a figure which drops to 8,681 euros/m2 if you exceed 5 minutes on foot.
He is on the second step of the podium Sorrentowhere the budget required to buy near the beaches amounts, on average, to 7,988 euros/m2, while it drops to just over 7,400 euros/m2 if you focus on houses further away from the sea.
High prices also in a popular Ligurian destination, Alassio, which ranks third in this special ranking. Specifically, you have to shell out over 6,200 euros/m2 if you want to make a purchase within a 5-minute walk from the sea, while it comes close to 4,400 euros/m2 for houses whose location exceeds these times.
The primacy of Viareggio
In all the locations covered by the study, houses located within walking distance of the sea cost more on average than those located beyond this perimeter. The primacy, in this sense, belongs to Viareggio, a city in which buying a property near the beach currently costs 67.1% more than buying it further away. In the first case, the required expenditure is equal to 4,589 euros/m2, while in the second it is just under 2,750 euros/m2.
Even in Senigallia the difference between the two prices is significant: those who want to buy facing the sea must budget on average almost 3,400 euros/m2, 51.3% more than those who choose to live further out on the outskirts, 2,241 euros/m2. The spending gap remains high – above 40% – also in Riccione (approximately 44%), Alassio (42.5%) and Anzio (40.3%).
However, there are two destinations in which – although a greater expense is still required the closer you get to the sea – the gap between the two prices is not so wide. This is the case of Rimini, where the variation between one purchase and another is only 5.6%: buying within a 5 minute walk from the beaches costs on average 2,835 euros/m2, while beyond this limit the price drops at 2,685 euros/m2.
Even in the aforementioned Sorrento it is not so different to buy near or far from the sea: the difference between the two prices is in fact around 8%.
Changes compared to 2019
Immobiliare.it Insights also investigated the changes in prices in the various locations compared to 2019, and the analysis highlighted a widespread increase in the costs of houses, both those facing the sea and those more peripheral.
As regards homes located within a 5-minute walk from the beach, Alghero is the destination where the demand for those selling homes has increased the most compared to the pre-pandemic period, +43.4%. Increases above 40% also in Lignano Sabbiadoro (+41.1%). Looking instead at properties located beyond the 5-minute walk, Jesolo experienced the most significant price growth, +42.8%, followed by Sorrento, +34.4%.
Only in Alassio and Rimini did the required expenditure decrease compared to the pre-Covid period. In the Ligurian town, there was a significant drop in prices, equal to -10.3%, of the houses furthest from the sea, while those of the houses located within a 5-minute walk from the beach maintained a certain stability (+0.1%). In Rimini, however, the prices of seafront properties contracted, albeit only by 0.2%, while the more peripheral ones increased by over 11.5%.
