Demand for luxury properties is growing in Sicily: Taormina and Syracuse in the lead


Demand in the Sicilian residential real estate market continues to grow, mainly for luxury properties. Thanks to its rich cultural heritage, Mediterranean climate and unique scenery, the island is attracting a growing number of international buyers. "In addition to private residences, we see a growing trend in the use of second homes as an investment through the rent formula," says Christoph Feigenbutz, Country Manager of Engel & Völkers Italy. The most desirable areas are Taormina, Syracuse, Palermo Mondello and Cefalù. In Cefalù the properties, in particular villas, were sold for a maximum of 2 million euros. In the historic center of Ortigia, in Syracuse, prices can reach 6,000 euros per square meter. According to the forecasts of Engel & Völkers, prices will undergo further increases in the coming months due to high demand.

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