Investment Property in Turin

Invest in Real Estate in Turin

Investment Property in Turin
Investment Property in Turin

Turin property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Turin .

Search Map of Turin Investment Real Estate

Turin ( ture-IN, TURE-in, Piedmontese: [tyˈriŋ] (listen); Italian: Torino [toˈriːno] (listen)) is a city and an important business and cultural centre in Northern Italy. It is the capital city of Piedmont and of the Metropolitan City of Turin, and was the first Italian capital from 1861 to 1865. The city is mainly on the western bank of the Po River, below its Susa Valley, and is surrounded by the western Alpine arch and Superga Hill. The population of the city proper is 847,287 (31 January 2022) while the population of the urban area is estimated by Eurostat to be 1.7 million inhabitants. The Turin metropolitan area is estimated by the OECD to have a population of 2.2 million.

The city used to be a major European political centre. From 1563, it was the capital of the Duchy of Savoy, then of the Kingdom of Sardinia ruled by the House of Savoy, and the first capital of the Kingdom of Italy from 1861 to 1865. Turin is sometimes called “the cradle of Italian liberty” for having been the political and intellectual centre of the Risorgimento as well as the birthplace of notable individuals who contributed to it, such as Cavour. Although much of its political influence had been lost by World War II (having been a center of anti-fascist movements during the Ventennio including the Italian resistance), Turin became a major European crossroad for industry, commerce and trade, and is part of the “industrial triangle” along with Milan and Genoa. It is ranked third in Italy, after Milan and Rome, for economic strength. With a GDP of $58 billion, the city is the world’s 78th richest by purchasing power. As of 2018, the city has been ranked by GaWC as a Gamma-level global city. Turin is also home to much of the Italian automotive industry, hosting the headquarters of FIAT, Lancia and Alfa Romeo.

The city has a rich culture and history, and it is known for its numerous art galleries, restaurants, churches, palaces, opera houses, piazzas, parks, gardens, theatres, libraries, museums and other venues. Turin is well known for its Baroque, Rococo, Neo-classical, and Art Nouveau architecture. Many of Turin’s public squares, castles, gardens and elegant palazzi, such as the Palazzo Madama, were built between the 16th and 18th centuries. A part of the historical center of Turin was inscribed in the World Heritage List under the name Residences of the Royal House of Savoy. In addition, the city is home to museums such as the Museo Egizio and the Mole Antonelliana, the city’s architectonical symbol, which in turn hosts the Museo Nazionale del Cinema. Turin’s attractions make it one of the world’s top 250 tourist destinations and the tenth most visited city in Italy in 2008. The city also hosts some of Italy’s best universities, colleges, academies, lycea and gymnasia, such as the University of Turin, founded in the 15th century, and the Turin Polytechnic. Turin is also worldwide famous for icons like the gianduja, the Holy Shroud, the automobile brand FIAT and the association football club Juventus, which competes with its rival Torino in the Derby della Mole, the city’s derby. The city, among other events, was one of the host cities of the 1934 and 1990 FIFA World Cups, along with hosting the 2006 Winter Olympics; Turin hosted the Eurovision Song Contest 2022 and is hosting the tennis ATP Finals from 2021 until 2025.

The financial stability of Turin has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

 

Buy to Rent in Turin

 

Renting out your Turin buy-to-rent investment property can grow wealth and income.

 

Whatever your goals with investment property in Turin are – preparation is key.

 

  • Set goals based on how much rental yield will be required and the local rental yield rates in Turin and be prepared to change your initial outlook.
  • Thoroughly research the Turin location with a special emphasis on fringe areas outside the main Turin metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Turin.
  • Ensure that your target investment property in Turin appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent with local knowledge and experience of property legislation will give you the best chance of success.

 

With our expert guidance, investing in Turin provides the secure knowledge that your money is working harder than it would in a local Turin bank and that future generations of your family will be left with substantial capital growth assets.

 

We are always happy to advise on buying investment property in Turin, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Turin property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Turin

Flipping property in Turin

 

Flipping property is when we advise clients to buy a Turin property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Turin market has a time to react to the renovation.

 

The Flipping Strategy in Turin

 

Investment property flipping in Turin is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Turin real estate investments are sometimes referred to by professionals as ‘distressed’ Turin real estate.

 

What is distressed Turin property:

 

  • Turin property in need of renovation
  • Turin real estate with a change of purpose and use
  • Oversold Turin property
  • Bank repossessions in Turin

Put simply, long term investors in Turin purchase the property, renovate it and make it a lot more attractive to potential buyers.

 

Calculate profit that you make from Turin investment property flipping:

 

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Turin property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

 

Experienced property developers in Turin use a minimum profit value of 22% when looking at potential Turin projects.

 

The reason for this is because there are lots that can go wrong in Turin property flipping and working on a potential margin of 22% should still leave a good margin of error.

 

Invest through a Fund in Turin

 

Property Secured Investments is a Private Equity fund that invests in Turin and many other towns and cities across Europe. The fund is only available to Sophisticated Investors and closed to United States Citizens. While this is not an offer or promotion of the fund, more information can be found at the website

Luxury Property in Turin

For luxury property investors hoping to add a superb property in Turin to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

 

A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Turin, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Turin should be entrusted to only the highest-quality agency.

Compare listings

Compare