San Marino real estate prices have been quite stable and the prices have been quite stable. One of the main reasons has been that the economy has been quite stable in spite of the recessionary factors worldwide. When one contrasts the San Marino real estate with the international real estate prices, the prices are quite high.
San Marino is the third smallest country in the world and is bigger than Monaco and ‘The Vatican’. It extends only about 23 kilometers and is landlocked country with the Italian border being quite close. The country is known for its tourism industry and was earlier seen as a safe tax haven. As it has become a part of the European Union, it is no longer a safe tax haven and it has set in place several tax systems that affect the business and the personal incomes.
The San Marino real estate is quite small and currently there are only about 8000 homes and apartments. Since the country is extremely small, the government is worried about over usage for the real estate in San Marino.
There are many expats from all over the world that choose to stay in San Marino and this factor along with the tourism industry is one of the driving forces for the increase in prices for the San Marino real estate. New homes may be built occasionally and sometimes the San Marino real estate for sale prices for apartments can be lower than in the neighboring parts of Italy.
For those that are keen on purchasing real estate in San Marino, it is important to check whether there are any special considerations required for buying the properties in San Marino. The San Marino rental yields are very high, new 2 bedroom apartments in San Marino real estate listings can cost as much as $250,000 – 300,000. The San Marino rentals are usually in the range of $900 - $1000 per month for a 1 year lease.
Currently, there a very few San Marino real estate options for sale. The buildings and apartments here are a mix of the old and the modern. Currently the real estate in San Marino prices for the villas can range around a 1 million Euros or even more, depending on the particular location. Many of the old properties including towers and villas from 14th Century may also be offered for sale. These properties are extremely expensive and can be in the price range of 1200,000 Euros or even more.
Taylor White is an international real estate investor and leads the charge at International Real Estate Listings the worldwide leader in San Marino real estate listings , San Marino real estate for sale , and San Marino real estate. San Marino real estate owners, agents, and developers are encouraged to create an account, upload an unlimited number of listings, write as much creative property details, include a You Tube property video, and it will be activated as a basic listing for 6 months, free.