Investment Property in Bergamo

Investment Real Estate in Bergamo

Investment Property in Bergamo
Investment Property in Bergamo

Bergamo property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Bergamo .

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Search Map of Bergamo Investment Real Estate

Bergamo (, also UK: /ˈbɛər-/; Italian: [ˈbɛrɡamo] (About this soundlisten); Eastern Lombard: Bèrghem [ˈbɛrɡɛm] (About this soundlisten); Latin: Bergŏmum) is a city in the alpine Lombardy region of northern Italy, approximately 40 km (25 mi) northeast of Milan, and approximately 30 km (19 mi) from Switzerland, the alpine lakes Como and Iseo, and 70 km (43 mi) from Garda and Maggiore. The Bergamo Alps (Alpi Orobie) begin immediately north of the city.

With a population of approximately 122,000, Bergamo is the fourth-largest city in Lombardy. Bergamo is the seat of the Province of Bergamo. The metropolitan area of Bergamo extends beyond the administrative city limits, spanning over a densely urbanized area with slightly fewer than 500,000 inhabitants. The Bergamo metropolitan area is part of the broader Milan metropolitan area, home to more than eight million people.

The city of Bergamo is composed of an old walled core, known as Città Alta (“Upper Town”), nestled within a system of hills constituting a regional park, and the modern expansion in the plains below. The upper town is encircled by massive Venetian defensive systems that are a UNESCO World Heritage Site since 9 July 2017.

Bergamo is well connected to several cities in Italy, thanks to the motorway A4 stretching on the axis between Turin, Milan, Verona, Venice, and Trieste. The city is served by Il Caravaggio International Airport, the third-busiest airport in Italy with 13.9 million passengers in 2019. Bergamo is the second most visited city in Lombardy after Milan.

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The financial stability of Bergamo has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Bergamo

Renting out your Bergamo buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Bergamo are – preparation is key.

  • Set goals based on how much rental yield will be required and the local rental yield rates in Bergamo and be prepared to change your initial outlook.
  • Thoroughly research the Bergamo location with a special emphasis on fringe areas outside the main Bergamo metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Bergamo.
  • Ensure that your target investment property in Bergamo appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
  • You may think that managing your Bergamo properties yourself is an easy option, but are these savings justifiable when you run into Bergamo red tape? Physis Realty Bergamo office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Bergamo buy-to-rent sector.

With our expert guidance, investing in Bergamo provides the secure knowledge that your money is working harder than it would in a local Bergamo bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Bergamo, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Bergamo property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Bergamo

Flipping property in Bergamo

Flipping property is when we advise clients to buy a Bergamo property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Bergamo market has a time to react to the renovation.

The Flipping Strategy in Bergamo

Investment property flipping in Bergamo is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Bergamo real estate investments are sometimes referred to by professionals as ‘distressed’ Bergamo real estate.

What is distressed Bergamo property:

  • Bergamo property in need of renovation
  • Bergamo real estate with a change of purpose and use
  • Oversold Bergamo property
  • Bank repossessions in Bergamo

Put simply, long term investors in Bergamo purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Bergamo investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Bergamo property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Bergamo use a minimum profit value of 22% when looking at potential Bergamo projects. The reason for this is because there are lots that can go wrong in Bergamo property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Bergamo

For luxury property investors hoping to add a superb property in Bergamo to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Bergamo, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Bergamo should be entrusted to only the highest-quality agency.

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