Looking to buy or rent property in Italy or Ireland? It’s a good idea to consider how tourism impacts these markets. While Italy’s stunning lakes, delicious food, and rich culture attract millions of visitors each year, locals in its major cities like Milan, Rome, Venice, and Naples are facing stiff competition for affordable housing. Airbnb’s popularity has made affordable options even scarcer, as many landlords prefer to rent to travelers rather than locals. The situation is equally challenging in Ireland, where a lack of short-term accommodation options is discouraging visitors, and refugees and locals are struggling to find available housing. As the Irish government works to address the housing shortage, some experts believe that considering tourism’s role in the economy is crucial. So, if you’re hoping to invest in Italian or Irish property, be prepared to navigate these complex markets.
