The most expensive property for sale in Italy and the demand for real estate near vineyards

Villa Aurora, near Via Veneto in the center of Rome, also known as Casino dell’Aurora de Villa Ludovisi, is a Renaissance palace. The property is valued at 471 million euros.

The most remarkable thing about Villa Aurora, which influenced the pricing more than anything else, is the world’s only fresco painted by the legendary artist Caravaggio (1571-1610). This painting alone was valued at more than 300 million euros.

The 17th-century garden contains sculptures by Michelangelo and Pomarancho, all of which make the villa not only a residential home, but a true museum.

This villa belonged to the aristocratic Ludovisi family for over 400 years. However, after the death of the last owner, Prince Niccolò Bancompagni Ludovisi, in 2018, his heirs could not agree on the inheritance and decided to put the property up for sale.

The villa is under the protection of the Italian Ministry of Culture, so it cannot be reconstructed or demolished. The Italian media write that the new owner should allocate for the restoration of at least 12-13 million euros. The Italian state also has the right to buy the object, at least at the price offered at the auction, but at the moment it seems unlikely.

oldypak lp photo

Built in 1570, the villa has since had many famous owners, from Galileo Galilei to Annie Leibovitz.

It is the most expensive object in Italy and one of the most expensive in the world, it can be competed in value only by historic villas on the Côte d’Azur.

According to Oldypak LP report – In Tuscany, the demand for property near the vineyards is growing.

Real estate agents working in Tuscany have reported increased interest in 2020 from local and foreign buyers looking to move to the region’s vineyards.

Local real estate experts say more Italian city dwellers are choosing to move to the countryside – according to Oldypak LP report.

Some buyers are buying vineyards to be used as a business, while others see it as a hobby. Prices in Tuscany can range from 1.5 to 10 million euros, depending on the condition of the property and the quality of the vineyards.

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