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Bari, the bustling capital of the Puglia region, nestled along the Adriatic coast of southern Italy. For a long time the city was known primarily as a ferry port and an important transport hub, but in recent years Bari has become an increasingly attractive destination for tourists and real estate investors. With its beautiful beaches, rich history, delicious cuisine and more affordable prices compared to the north of the country, property in Bari, Italy, offers a promising market in Southern Italy and excellent investment opportunities.
Why is Barry so attractive?
- Strategic location: Bari is a key gateway to Southern Italy. Situated on the Adriatic coast, it has a major port that connects Italy with Greece, Albania and Croatia. Carol Wojtyla International Airport provides easy access from all over Europe. This makes it a convenient base for both tourism and business.
- Growing tourism: Puglia as a whole is experiencing a tourism boom, and Bari is one of its main gems. The city attracts visitors with its charming old town(Bari Vecchia), the Cathedral of San Nicola, picturesque promenade and authentic atmosphere. Tourists seek both short-term rentals and longer stays.
- Affordable property prices: compared to more well-known regions such as Tuscany or the Amalfi Coast, property in Bari, Italy, and property in Southern Italy in general, is considerably more affordable. This opens doors for investors on a tighter budget who are still looking for solid returns.
- Evolving infrastructure: the city is continuously investing in the development of its infrastructure – upgrading the port, improving public transport and developing new residential and commercial areas.
- Rich culture and cuisine: Puglia is famous for its culinary traditions, olive oil, wine and fresh seafood production. Living in Bari offers an authentic Italian experience, which is a big plus for those looking for not just a property, but a lifestyle.
Property types and neighbourhoods for investment in Bari
The real estate market in Bari is diverse and offers opportunities for different types of investors:
- Bari Vecchia (Old Town):
- Features: maze of narrow streets, historic stone houses, many of which need restoration. Here you will find an authentic atmosphere and be in the heart of history.
- Investment potential: High for short-term rentals (Airbnb) as tourists love the authenticity. Requires investment in renovation but offers high ROI with proper management.
- Murattiano (New Town):
- Characteristics: located between the old town and the central station. It features wide boulevards, elegant 19th century buildings, shops, restaurants and offices.
- Investment potential: well balanced for long term rentals (due to proximity to business centres and university) and short term rentals (due to proximity to attractions and station). Apartments here are often larger and modern.
- Neighborhoods around the university (Campus, Poggiofranco):
- Features: Modern neighborhoods offering apartments that are attractive to students and young professionals.
- Investment potential: stable income from long-term rentals. Prices are more reasonable compared to downtown.
- Coastal areas (Lungomare):
- Features: Properties with sea view along the promenade. Offering beautiful views and access to the beach.
- Investment potential: attractive for vacation rentals and for those looking for a home with a sea view.
- Smaller towns around Bari:
- Characteristic: Places like Monopoli, Polignano a Mare, Ostuni, Alberobello are all close to Bari and offer a unique charm, lower property prices and a strong tourist flow.
Investment potential: extremely high for short-term rentals, especially in character properties such as trulli or maserias. Requires research into local regulations and tourist demand.
Property prices in Bari
As mentioned, properties in Bari are significantly more affordable than those in Northern Italy.
- In the old town (Bari Vecchia): you can find small, dilapidated houses for €30,000 – €80,000 that require complete renovation. Renovated properties start from €100,000 – €200,000+.
- In the new town (Murattiano): apartments start from around €150,000 to €300,000+ for larger and more luxurious properties.
- In the suburbs and student districts: prices can drop to €80,000 – €150,000 for apartments that may require a little refreshing.
It is important to keep in mind that prices vary depending on the condition of the property, its size, the availability of outdoor spaces and the specific micro-location.
Costs and legal aspects
At buying a property in Italy, always keep in mind the additional costs, which can reach 10% to 15% of the purchase price. These include:
- Purchase taxes: depends on whether you are buying from an individual or a company, and whether the property is a “first” or “second” home (see article on taxes when buying a property in Italy).
- Notary fees: paid to a notary for the certification and registration of the transaction.
- Attorney’s Fees: It is highly recommended that you hire an independent attorney to perform a legal inspection of the property.
- Real estate agency commission: usually 3-5% + VAT for each country.
- Renovation costs: especially important for older properties.
Legal framework: Italy has a clear legal framework for the purchase of property by foreigners. It is important to have a Codice Fiscale (fiscal code) and to work with licensed and experienced professionals.
Conclusion
Bari represents a promising market in Southern Italy for real estate investments. The combination of strategic location, growing tourism, affordable prices and rich cultural life makes it an attractive alternative to the more expensive and crowded Italian cities. Whether you’re looking for a property for a short-term rental, a long-term investment or simply your own corner under the Italian sun, Bari properties offer real opportunities for anyone ready to explore this fascinating region.
This post is also available in: Български
