πŸ”Ή 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.
    πŸ”Ή

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

🏠 Real Estate

🏑 3 room apartment for sale in Faggeto Lario ($): €499K Β· 140mΒ² Β·

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

🏑 2 Bedroom Apartment in Argegno ($): €439K Β· 95mΒ² Β·

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 Β· 200mΒ² Β·

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

🏒 Businesses for Sale

  • 🏨 Hotel for sale, Perledo. €555K Β· 477 mΒ² Β· Mid 18th century building, 12 rooms. 15 min drive from Varenna.
    View

  • πŸ›οΈ Accessories and clothing shop to transfer, Como. €50K Β· 40 mΒ² Β· 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

  • βœ‚οΈ Hair Salon for sale, Como. €90,000 Β· 40 mΒ² Β· In historical center, the owner is willing to provide initial advice on operations.
    View

πŸ’Ό Job Opportunities

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

  • πŸ‘¨β€πŸš€ 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

πŸ“… Events This Week
This week around Lake Como
Legend: πŸŽ† Festival Β· πŸ› History Β· πŸ§˜β€β™€οΈ Wellness Β· πŸ’‘ Conference Β· 🍷 Food & Wine Β· 🎭 Opera/Art
Friday, November 7
Gallio College Auditorium, Como Β· 20:30 Β· Open conversation on innovation and growth
Saturday, November 8
Talks and ideas worth spreading by the lake Β· Nov 8–9
Teatro Sociale di Como Β· Nov 8–9 Β· Family-friendly performance
Como Β· Nov 8 Β· Behind-the-scenes theatre visit + historic church
Sunday, November 9
Final sessions Β· Networking by the lake
Teatro Sociale di Como Β· Continues
Lakefront afternoon tea experience
Have an event? Submit it here
βœ… Weekly To-Do
 

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

βœ… Reminder: Most restaurants opened reservations for New Year’s Eve last week β€” book your table early to secure lakeside spots and gourmet menus.

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

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

βœ… 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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