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There is an Italian real estate agency that currently has 70 castles up for sale on its books called Lionard. But why are these castles for sale in the first place, one would ask.
While castles and historic mansions in Italy have long been family inheritances, today dozens of them are for sale, even in one of the most conservative real estate markets in Europe.
In recent years, Italy’s well-rooted inherited wealth has withered from a potent combination of factors. They include the increasing costs of living and services, the shaky finances of owners in a time of lingering economic trouble, cuts in government subsidies to maintain historical properties and, not least, mushrooming property taxes.
“The Italian market is mostly historical — mansions pass from generation to generation,” said Dimitri Corti, chief executive at Lionard, an exclusive real estate company based in Florence whose portfolio includes about 70 castles in central and northern Italy.
“It is not necessarily true that the owner is a millionaire, like one can assume in countries like the United States or England,” he added. “Some do need liquidity.”
Moreover, those with the money to buy are frequently not Italians, a worrisome circumstance to some here who bemoan the loss of historical and family patrimony to a newly moneyed global elite.
The bulk of Lionard’s sellers are Italians, Mr. Corti said, while a majority of buyers are foreigners. They predominantly seek villas or mansions in Tuscany, and are ready to spend an average of 6 or 7 million euros (about $6.75 million to $7.85 million).
“It is no longer reasonable to think that the owner of a neighboring castle would buy yours,” Mr. Corti added. “It’s most likely to be a Russian, or a Chinese.”
“No historical owners would like to get rid of their properties, but they might be in the condition to do it,” Moroello Diaz della Vittoria Pallavicini, president of the Italian Historic Houses Association, said in his vaulted office in a 17th-century complex on the Quirinal hill in central Rome.
This castle for sale in Liguria stands on the top of a hill that overlooks the near village and dominates the surrounding scenery and luxuriant vegetation, typical of this region in northern Italy.
The property from which one can appreciate a spectacular view is located just a short distance away from the sea and boasts a blissful and enchanting fairy tale atmosphere.
This splendid abode was built in 1911 in Coppedè style, as was fashionable during that period, and features a total floor surface of 800 m2 over six floors for a total of 26 rooms and halls. It also benefits of natural light all day long.
There are five reception halls and also outside and indoor stylish finishes that have been preserved from the original project. Three panoramic terraces overlook the village located below this fantastic castle for sale.
An elegant and stylish 1000 m2 park, also representative of the same period, surrounds the castle offering a beautiful walkway leading to the village. This beautiful parkland is also finely decorated with precious statues, hedges, ornamental plants, steps and pathways and also with a stunning terrace overlooking the sea and facing the main entrance to the castle, offering a perfect dining area during the summer season. There is also a roofed garage for six vehicles.
This splendid luxury property features all the architectural and aesthetic qualities of the romantic, fairy tale castle of the early 1900’s, with an extraordinary position, large and bright indoor spaces combined with a private and reserved atmosphere surrounded by nature.