Lake Como is the third largest lake in Italy (145 square kilometres) and one of the deepest in Europe (up to 410 metres). The lake is located 40 km north of Milan at an altitude of about 200 m above sea level, surrounded by limestone and granite mountains up to 600 m from the south and up to 2400 m from the north. It consists of three arms about 26 kilometres long, fed by the waters of the Adda River.
The advantages of living on Lake Como
Three hours from the Mediterranean Sea, where the Alps shield small towns from the northern winds and the warm Italian sun heats but does not scorch. Subtropics. It is never too cold or too hot here. In winter the average temperature is +13 °С, and in a tourist season which lasts from May till October, the temperature keeps in a range from +22 °С to +28 °С. There are cypresses, palm trees, chestnuts, olive, pomegranate, lemon and orange trees, evergreen laurel and myrtle, lavender, fig trees and vineyards…. On the shores of the lake there are resort towns and villas. The water temperature in July can reach 24 degrees centigrade.
Life here is in keeping with nature. It is distinguished by its aristocratic originality. The whole coast is divided into small towns. All have their own history – this church, this road, this expensive villa.
Those who come to Lake Como in summer appreciate beach holidays. For those who wish – windsurfing, kitesurfing, canoeing, seaplane, sailing, water skiing, diving, wake boarding, rowing, etc.
In winter you can spend time at ski resorts. The nearest is Medesimo, a 40-minute drive away. About an hour and a half to Swiss St. Moritz, Davos and Italian Bormio.
Convenient transport accessibility, to the airports of Milan 40 km.
It has been prestigious to live here since the time of Pliny the Younger, who chose this place for his habitat in the I century B.C. Among the aristocrats of the XXI century here have settled rich celebrities such as George Clooney, Donatella Versace, Ronaldinho, Brad Pitt.
The real estate on Lake Como is specific.
Firstly, there is not much of it. There are no giant undeveloped territories here at all. On one side are propped up by mountains, on the other – water…
Features of the property market on Lake Como
Secondly, the primary market here is practically absent – for the same reason. And secondary, of course, – the seller’s market. And not because the demand is so great (in Italy itself Como is inferior in popularity to many places). It’s just that there are few offers.
Thirdly, objects on Como are not cheap. And the market is stable, so do not expect a jump in prices. Here you can rather save your money, not increase.
Property prices on Lake Como
The most inexpensive purchase in Como – about € 200 thousand: a cosy flat with a balcony will fit into this money. Of course, the most popular type of property on Lake Como – villas. These are luxury mansions with large parks costing from € 2 million and above, and detached houses for two or three bedrooms with terraces costing from € 700 thousand to € 1.5 million.
The price is determined by the proximity to the lake, as well as the historical and architectural value of the object. An apartment of 70 square metres in a castle of the XVII century at the water’s edge can cost the same €700 thousand; for the same money you can buy a detached house for two bedrooms in ten minutes walk from the lake.
Mortgage rates for property on Lake Como
Attractive here and low mortgage rates, especially since in most cases Italian banks make a favourable decision to lend to non-residents. Usually the mortgage loan is granted in the amount of up to 70% of the value of the object. Thus, a flat in Italy on Lake Como for €300 thousand will cost about €1 thousand per month, provided the first payment of €150 thousand.
We will gladly prepare for you proposals for the purchase or rent of real estate in the city of Coma and its surroundings: houses, villas, apartments. Here there is everything for a comfortable and safe life and unforgettable holiday. We will help you to adapt to your new place. We will be pleased to advise you on any question. Contact us for a consultation.
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