Elba Island, renowned for its historical significance and breathtaking Mediterranean scenery, is witnessing a notable increase in real estate demand, exceeding available supply by 30%. This trend is driven by the island's appeal as a retreat, with property prices starting at 3, 000 euros per square meter and reaching up to 10, 000 euros in premium locations.
The island's diverse landscape, from granite cliffs to lush Mediterranean vegetation, enhances its attractiveness for those seeking a second home.
Key areas such as Marina di Campo, Campo nell'Elba, and Fetovaia are particularly popular among Italian families with moderate spending power.
The coastal strip, especially around Portoferraio, is highly coveted, with prices for villas requiring renovation around 4, 500 euros per square meter.
More affordable options are found in areas like Rio and its smaller localities, where prices range from 3, 500 to 3, 700 euros per square meter.
The real estate offerings are varied, with apartments being the most common choice.
Sizes range from 70 to 100 square meters for apartments in residences or villas, and over 150 square meters for more prestigious homes.
Smaller properties, such as studios and one-bedroom apartments, are also in demand, particularly in more economical areas like Rio and Rio Marina.
The island also offers a selection of historic residences, comprising about 5% of the market, with prices depending on their condition.
The rental market is equally active, with weekly rates varying significantly based on seasonality and property type.
Apartments can be rented for as low as 200 euros per week, while villas, especially historic and well-maintained ones, can command up to 4, 000 euros weekly.
Seasonal fluctuations are evident, with peak prices during high-demand periods like mid-August.