Sicily, the largest island in the Mediterranean, has a special mix of features with its rich history, beautiful landscapes and cultural diversity. Sicily has not only a long but also a varied history, influenced by numerous civilisations, including the Greeks, Romans, Arabs and Normans. These influences are very evident everywhere on the island, ranging from landscaping to cultural heritage and from culinary aspects to architecture and urban planning. Old villas, castles and manor houses offer a glimpse of the past and represent attractive opportunities for investors looking for unique properties with rich backgrounds.
Sicily's most sought-after areas are found around the 3 major cities of Palermo, Catania and the wine regions near the famous volcano Etna and several smaller coastal towns on all sides of the island. Palermo is the island's capital, known for its vibrant (food) culture, historical sites and bustling markets. Syracuse in the south-east is another delightful place, famous for its ancient Greco-Roman ruins and a beautiful coastline. Finally, Taormina is a picturesque hilltop town not far from Catalina and Mount Etna and loved for its fashionable lifestyle, stunning views and luxury real estate options.
Sicilians are characterised by their hospitality and are actively committed to keeping alive the traditions they are so proud of. This makes it a wonderful island for spending holidays or owning your own home.
The property market on this Italian island has undergone significant changes in recent years, offering a unique blend of historic charm and modern opportunities. This property market has become increasingly popular among both domestic and foreign buyers. The combination of affordable prices, beautiful locations and a favourable climate makes the island an attractive destination for property seekers and investors. The market consists of a wide range of options, ranging from city flats and historic homes to luxury coastal villas and charming country houses.
Sicily is increasingly attracting foreign investors, especially from countries such as the UK, Germany and the US. These buyers are attracted by the relatively low property prices compared to other European destinations, as well as the pleasant climate and relaxed lifestyle. Many foreigners choose to buy holiday homes that they can rent out when they are not staying there, contributing to an extra income stream. In recent years, more and more Belgian and Dutch investors have followed suit.
Digital nomads
The workation phenomenon, which combines holidays and work, is an interesting trend with opportunities for Sicily. Digitalisation and the growing demand for smart working solutions make Sicily an ideal place for those looking for a combination of quality of life and work opportunities. For investors, this also presents opportunities. Those who invest in a house in a good location in Sicily and prepare it with excellent infrastructure for smart working will make themselves attractive on the rental market even in the off-season. The possibility of working close to the sea and enjoying the mild Mediterranean climate makes Sicily a popular destination for the current generation of digital nomads.
The future of Sicily's real estate market looks promising. Continued investment in infrastructure and tourism, together with increasing interest from international buyers and the opportunities offered by the workation trend, are likely to contribute to the further growth and development of the market. In addition, the trend of sustainable and ecological construction also offers new opportunities for investors focusing on eco-friendly projects.
Property prices in Sicily vary widely depending on location and type of property. Cities such as Palermo, Catania and Syracuse have higher average prices, especially in historic city centres and near the coast. In rural areas and smaller villages, prices tend to be lower, offering opportunities for buyers with more limited budgets. Prices have remained relatively stable in recent years, although a slight increase has been seen in some popular areas. Flats start at around €100,000, interesting detached houses start at around €300,000 and villas with pool and nice views in a good location start at around €700,000.
properties in Sicily