There are no restrictions on foreign buyers in Tuscany. Most buyers are looking for vacation homes, not investments, Mr. Giovannelli said.
Prices in Italy dipped by as much as 30 percent from 2008 through 2015, Daniela Gisti, a partner with the Florence-based real estate company Precious Villas, said by email. They have now “stabilized,” she said.
At the higher end, during the last three years, some second-home buyers and investors, many with “a higher budget than five years ago,” returned to the Tuscany market, Mr. Giovannelli said.
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