A Six-Bedroom House With 18th-Century Style in Italy
$905,000 (750,000 EUROS)
This six-bedroom home is in Cavallirio, a small town in the hills of Novara province, in the Piedmont region of northwest Italy. Located about 12 miles from Lake Maggiore, Italy’s second largest lake, the home has a castle-like wing with a turreted tower that dates to the late 18th century. The living areas have frescoed walls, soaring ceilings and marble mosaic-tile floors. The furniture is not included in the sale price.
The property, on about a half acre, has been used for wedding events, and there is a large tent in the yard that can easily be removed, said Angela Pedrozo, an agent with William Pitt Sotheby’s International, which has the listing.
The 4,305-square-foot house has an elaborate arched front entrance with wrought-iron gates that can be closed over the wood doors. It opens directly into the receiving hall, which is frescoed throughout and has an ancient brick fireplace and a marble staircase. Just off the hall is an office, located in the base of the tower.
also home to Lake Como) to the east.
New York Times’s coronavirus world map. Italy’s GDP decreased by about 9 percent last year, while unemployment rose to nearly 10 percent, according to the Italian National Institute of Statistics.
But the housing market remained buoyant, thanks in part to historically low borrowing costs, and that has continued into 2021. “People are more committed to buying at the moment,” Ms. Spinola said. “Property seems to be a safe place to put money, and people are giving more thought to property in places where life is very sustainable.”
Home prices countrywide were up 2.6 percent in 2020 compared to 2019, according to data from Idealista, a national listing portal. Demand for rentals is down sharply, however, because of job losses, movement away from cities, and the drop-off in tourism, said Vincenzo De Tommaso, press office manager for Idealista.