Property for sale in San Marino Republic
In September 2017, with the entry into force of two new laws, the real estate market in San Marino opens up to the Italian and foreign markets.
There are three possibilities to buy a property for sale in San Marino:
Elective residence, the residence linked to the entrepreneurs and the holiday home.
The areas most requested by those who buy property for sale in San Marino are certainly the best served, such as the castle of Borgo Maggiore, Domagnano and Serravalle; a separate speech, being UNESCO heritage, concerns the historic center of San Marino.The real estate offer consists mainly of semi-detached apartments and solutions such as terraced and two-family houses. Independent solutions, of which there was little offer so far, become attractive with the new laws mentioned above.
The real estate demand consists essentially of young couples or families looking for the first house with a budget ranging between € 180,000 and € 250,000.
As for the leases there is a significant difficulty related to being an independent State with its own regulations and also for this reason the tourist market of the second home is not provided.
In July 2018, for residential properties for sale in San Marino Republic, an average of € 2.816 per square meter was requested, compared to € 3,005 for the month of July 2017 (with a decrease of 6.28% in one year). During the last 24 months, the asking price within the municipality of San Marino reached its maximum in May 2017, with a value of € 3.028 per square meter.
During the month of July 2018 for rented residential properties, an average of € 7.51 per square meter was requested, with a decrease of 2.56% compared to July 2017 (€ 7.71 per month per square meter). In the last 2 years, the highest value of the requested price within the municipality of San Marino was € 8.26 per month per square meter, recorded in January 2018. The month in which the minimum price was requested is June 2018: for a rented property an average of € 7.20 per month was requested per square meter.
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Map, price trends, and statistics
Map, price trends, and statistics
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