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San Marino is the third smallest country in the world and is bigger than Monaco and ‘The Vatican’. It extends only about 23 kilometers and is landlocked country with the Italian border being quite close. The country is known for its tourism industry and was earlier seen as a safe tax haven. As it has become a part of the European Union, it is no longer a safe tax haven and it has set in place several tax systems that affect the business and the personal incomes.
The San Marino real estate is quite small and currently there are only about 8000 homes and apartments. Since the country is extremely small, the government is worried about over usage for the real estate in San Marino.
There are many expats from all over the world that choose to stay in San Marino and this factor along with the tourism industry is one of the driving forces for the increase in prices for the San Marino real estate. New homes may be built occasionally and sometimes the San Marino real estate for sale prices for apartments can be lower than in the neighboring parts of Italy.
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, new 2 bedroom apartments in San Marino real estate listings can cost as much as $250,000 – 300,000. The San Marino rentals are usually in the range of $900 – $1000 per month for a 1 year lease.
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, depending on the particular location. Many of the old properties including towers and villas from 14th Century may also be offered for sale. These properties are extremely expensive and can be in the price range of 1200,000 Euros or even more.
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