The Sunday Times shares the opinion of MGI Worldwide accountancy network member Pierpaolo Vannucci, that Lucca offers some of the best real estate investment opportunities
A feature article was published by The Sunday Times last month, referencing Knight Frank’s “The Wealth Report 2019” - also published last month. The report analysed the spending habits of the world’s ‘super-rich’ population, examining the most profitable luxury investments in the world and identifying the locations that are considered the “ones to watch.”
Why invest in Lucca?
Amongst its findings was the city of Lucca, deemed to be one of the best locations in the world to invest in real estate. A vibrant, pedestrianised city brimming with Renaissance piazzas, cobbled streets and atmospheric churches; Lucca is not only a beautiful alternative to the tourist hotspots of Florence and Siena but is an easily-reached destination in its own right, with Pisa airport a mere 30-minute drive away.
MGI Worldwide international accountancy association member, Pierpaolo Vannucci from Lucca-based, MGI Vannucci e Associati, Italy, was not at all surprised by the findings.
Pierpaolo explains that it’s the combination of Lucca’s architecture, cultural and recreational offerings that have determined a high property value and positioned it as part of the index ‘Piri 100’ – a collection of the 100 luxury destinations analysed to verify their price growth year-on-year. Pierpaolo shared that a restored 3-bedroom apartment would feature an average asking price of around €800,000, an increase of 0.5% from 2017-2018 and with a growth forecast of 6% for 2019.
Interested in knowing more?
As part of MGI Worldwide's Global Mergers and Acquisitions Practice Group, Pierpaolo is able to offer expert advice on all aspects of mergers and acquisitions and his firm, MGI Vannucci & Associati, offer specialist knowledge in the complexities of real estate investments, and boast a long history of supporting international clients looking to invest in Italian properties.
For more information visit the MGI Worldwide member profile page for MGI Vannucci & Associati or contact Pierpaolo [email protected]