🔹 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.
🔹
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🏠 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
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📅 Events This Week
Legend: 🎆 Festival · 🏛 History · 🧘♀️ Wellness · 💡 Conference · 🍷 Food & Wine · 🎭 Opera/Art
Have an event?
Submit it here
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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
