🔹 Last Sunday, I went to visit Faggeto Lario. While strolling a completely abandoned lakeside path, I was thinking about Tim’s real estate prediction - that more and more empty villages will be bought out by companies and groups of individuals.

Is this where we are heading?
Curious to hear your thoughts.

⏰ In the meantime,
Q3 capital markets slowed down
A flat real estate tax increase is still under discussion this week;
And while hotels like Grand Hotel Tremezzo and Mandarin Oriental closed for the winter, others are doubling down for the cold season (hint - Musa Hotel started their weekend afternoon tea service).

-Simona

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🌟 Spotlight

2025 Investments Keep Coming, but Q3 shows a Slower Growth

What’s Happening: BNP Paribas prepared a Q3 report for Capital Markets. The total annual investment volume at the end of Q3 2025 reached €7.45 billion (+13% year-on-year increase).

Facts:

  • Quarterly activity slowed, with €2.05 billion invested in Q3 2025, down -33% compared to the same period in 2024.

  • The most active sectors were Retail (28%), Office (23%), and Hospitality (20%).

  • The Hospitality recorded the strongest annual growth (+91%), with international investors accounting for around 50% of total activity.

  • Milan captured 55% of the national office investment volume for Q1–Q3 2025, followed by Rome with 31%.

  • Lombardy remained the leading region for logistics, although the overall segment declined -23% year-on-year.

  • Retail investment continued its upward trend after an exceptional surge in 2024, led by shopping centers and outlets (72%)

What does it mean for us:

  • The hospitality sector keeps growing. 50% of national investments are coming from abroad, which puts Lake Como into the spotlight. All the latest data favours our region so far.

  • Milan leads the national office investments. This is a sign that we live next to the capital of business - more events, corporate off-sites, tradeshows, and capital might flow into our region.

  • Growth slowed down.
After a dramatic growth in Q2, Q3 investments cooled off a bit.

  • Retail investments still lead the market, but skip Milano.
Outlet and Shopping mall investments took the biggest national investment part. However, the Milano and Rome areas experienced a huge drop. Untapped opportunity, or?..


    Are we missing something? Reply to this email and let us know.
    🔹

📰 In Case You Missed It
 
Development & Local Projects
🏨 Mama Shelter opening in Como mid-2026 — already hiring for 6+ roles ahead of launch. HOSPITALITY
🏗️ Former Banca Popolare building in Lecco will be turned into a luxury hotel by a foreign real estate fund. REAL ESTATE
📰 New Vogue feature on Villa Serbelloni, Bellagio — another week, another global spotlight on Lake Como. CULTURE
Real Estate Industry
🏛️ Villa in Griante inspired by the 1900 Paris World’s Fair listed for €7.65M — a modern glass mansion overlooking Lake Como. MARKET
💸 Real estate tax increase to 26% called “directly penalizing brokers” — industry groups push back. POLICY
📘 Revenue Agency updates “Guide to Buying a Home” — new 2025 edition clarifies taxes and incentives (Italian PDF). GUIDE
Business & Policy
🏆 Passalacqua ranks Top 5 in the World’s 50 Best Hotels — the only European property in the top five. AWARD
💶 ECB leaves key interest rate unchanged at 2% — markets expect first cuts in 2026. MACRO
🎿 Italy makes ski helmets mandatory — new nationwide rule to improve slope safety. LAW

🏠 Real Estate

🏡 3 room apartment for sale in Faggeto Lario ($): €499K · 140m² ·

Lake view, terrace, garden, and two parking spaces.
View

🏡 2 Bedroom Apartment in Argegno ($): €439K · 95m² ·

Lake view, balcony, located in the center, close to the Lido.
View


🏡 Penthouse in a historical villa with a swimming pool, Como ($$$): €1.9 M · 200m² ·

Private botanical garden, swimming pool, lake view, 5 rooms, elevator.
View

🏢 Businesses for Sale

  • 🏨 Hotel for sale, Perledo. €555K · 477 m² · Mid 18th century building, 12 rooms. 15 min drive from Varenna.
    View

  • 🛍️ Accessories and clothing shop to transfer, Como. €50K · 40 m² · In the heart of the walled city of Como. Will be transferred with the existing contracts and active Facebook page. Rent - 1.5K/month.
    View

  • ✂️ Hair Salon for sale, Como. €90,000 · 40 m² · In historical center, the owner is willing to provide initial advice on operations.
    View

💼 Job Opportunities

  • 🏨 General Manager: Mama Shelter (Como). Global brand, opening in mid 2026.
    Apply

  • 👨‍🚀 Senior Space Systems Engineer: D-Orbit (Lomazzo). Technical responsible for the overall spacecraft or mission. Min of 5 years of experience working in the field of Spacecraft design and development is needed.
    Apply

  • ⚽ Commercial Director: Como FC Women (Cislago). In charge of FC Como Women's commercial strategy across all revenue functions. Reporting directly to CEO.
    Apply

❝


Have a property, business, or job to feature? Submit it here

📅 Events This Week
This week around Lake Como
Legend: 🎆 Festival · 🏛 History · 🧘‍♀️ Wellness · 💡 Conference · 🍷 Food & Wine · 🎭 Opera/Art
Friday, November 7
Gallio College Auditorium, Como · 20:30 · Open conversation on innovation and growth
Saturday, November 8
Talks and ideas worth spreading by the lake · Nov 8–9
Teatro Sociale di Como · Nov 8–9 · Family-friendly performance
Como · Nov 8 · Behind-the-scenes theatre visit + historic church
Sunday, November 9
Final sessions · Networking by the lake
Teatro Sociale di Como · Continues
Lakefront afternoon tea experience
Have an event? Submit it here
✅ Weekly To-Do
 

✅ If you registered for Centomiglia Powerboating Racing, replan your weekend. They postponed the event again.

✅ Reminder: Most restaurants opened reservations for New Year’s Eve last week — book your table early to secure lakeside spots and gourmet menus.

✅ Register for Lake Como Tourism Day : Nov 26 · Lecco · Annual tourism networking and destination marketing event.

✅ Register for Digital Sports Event at Lario Fiere : Nov 13 · Erba · Focus on innovation, digital platforms, and sports business tech.

✅ Get funding for research & innovation (Lombardy) : Regional fund supporting R&D and pilot initiatives.

❝

That’s all for this week!
Did you have an interesting insight, fact-check, opinion? Drop me an email - I might feature you in the next issue.

P.S. Your feedback is very helpful to make this newsletter more valuable. Keep it coming!

-Simona

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