🔹 Last week, Como 1907 did the unthinkable - they beat Juventus.
How local football ambitions are reshaping the area’s ecosystem is a story for another issue, but let’s just say, the future looks bright.

This week, however, we’ve got more immediate headlines:

🏠 Tax changes for short-term rentals
💰 Golden Visa threshold rises from €200K to €300K
🔧 Renovation bonus extended into 2026
🏨 Passalacqua rebrands as an all-year resort
🚤 Powerboating race was postponed

…and more.

By the way, clocks go back one hour this Sunday - one extra hour to catch up on things. Or so they say.

-Simona

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🌟 Spotlight

Short Term Rentals Income Tax is Increasing

What’s Happening: Italy approved 2026 budget plan (€18.7 Billion). It is reaching Parliament before heading to the Senate at the end of the week.

Facts:

  • The flat tax regime for wealthy foreign residents is being raised from €200,000 to €300,000.

  • Housing/renovation tax incentives remain the same as 2025 - a 50% deduction (up to €96,000 per property) for primary residences, and 36% for other residences.

  • The flat tax on short-term rental income generated by platforms will rise from 21% to 26% starting in 2026.

What does it mean for us:

  • Higher taxes on rentals. Expect smaller margins on Airbnb-style yields unless you reposition toward premium, licensed or long-stay segments. However, this point raised the biggest number of discussions, so lets see if no corrections are added.

  • Another opportunity for renovations. Even though the plan was to reduce the bonus, there is still time to upgrade properties with 50% bonus before 2027.

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

📰 In Case You Missed It
 
Lifestyle, Community & Culture
🏨 Passalacqua doubles down on off-season luxury.: chestnut/porcini foraging, holiday markets, wreath-making.
🌍 Bellagio ranked among the world’s 15 most beautiful villages: the “Pearl of the Lake” earns another global award. GLOBAL
Como 1907 beats Juventus 2 : 0 at home: a headline Serie A upset at the lake. HOT
🚤 Centomiglia powerboating race postponed: new date not confirmed yet. UPDATE
Business & Policy
🇮🇹 Italian Government approves citizenship reform: new rules begin to change how consulates and AIRE registrations work. UPDATE
🏢 Corporate real estate investments top €7.7 B: +16.7% YoY growth Jan–Sep 2025. GROWTH
🏅 Cortina Olympics revenue could exceed €154 M: short-term rentals set for peak demand ahead of Milano-Cortina 2026.
Development & Local Projects
📊 Como–Lecco Chamber publishes new regional report: population rising, businesses declining over the last decade. DATA
🍞 “Il Grande Pane di Como” bakery is making noise: Sourdough bread arrived to Lake Como LOCAL
🎄 Villa Cipressi Christmas Garden opens Nov 1 in Varenna: lights, installations, elves & festive treats. COMING SOON

🏠 Real Estate

🏡 3 room apartment for sale in Carate Urio ($$): €726K · 140m² ·

Located in a modern residential complex with the lake view. Was completely renovated in 2024.
View

🏡 Building Land in Lenno. ($): €600K · 1950m² ·

Perfect for the construction of one or more detached or semi-detached villas. Sewer, gas, and electricity connections are already present.
View


🏡 16 room villa in Bellagio. ($$$): €2.15M · 500m² ·

Energy class A2. Has cellars, garages, laundry room, swimming pool. Currently, part of the property is used for short-term rentals.
View

🏢 Businesses for Sale

  • 🛍️ Shop for rent, Como. €1400/month · 30 m² · 2 floors. Located in the historical center.
    View

  • 🥩 Restaurant for sale in Cernobbio. €430K · 100 m² · 15 years of operations, located in the center, in the highly visible location. Large outdoor area (sits 50 people).
    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

  • 🏨 Digital Marketing Specialist: Smart Family Hotel (Como): They need a website & email manager with an AI-first mindset. There will be 5 websites (hotel + restaurants).
    Apply

  • 🧑‍🍳 Executive Chef: The Lake Como Edition (Griante): 6 years experience in the culinary, food and beverage required. OR 2-year degree from an accredited university in Culinary Arts, Hotel and Restaurant Management, or related major.
    Apply

  • 💻 Head of Financial Planning and Analysis: Planet Farms (Lomazzo): Full-time, on-site. Financial planning, budgeting, KPIs setting. Reporting straight to CFO.
    Apply


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

📅 Events This Week
This week around Lake Como
Legend: 🎆 Festival · 🏛 Heritage · 🚗 Rally · 💡 Innovation · 🍷 Food & Wine · 🎭 Opera/Art
Friday, October 24
Chiavenna · Oct 24–26 · Local cuisine, wine & mountain specialties
Como & Lake area · Oct 24–26 · Start of one of Italy’s most scenic rallies
Saturday, October 25
2:00 PM · Tremezzo · Storytelling walk by Sentiero dei Sogni celebrating “The Lakes of Cinema”
Cernobbio · Oct 25–26 · Free tours and creative events exploring Made in Italy fashion heritage
Street food, local wines, and mountain music
Along the lake and surrounding hills · All-day stages
Sunday, October 26
Como · 8:30 PM–10:00 PM · Revival of the 1867 opera rediscovered after 150 years
Cernobbio · 11:00 AM talk with designer Fulvio Alvisi & free museum tours (booking required)
Como City Center & Villa Olmo · Morning stages and closing ceremony
Chiavenna · Final tastings and local artisan market
Wednesday, October 29
ComoNExT Innovation Hub, Lomazzo · 9:00 AM–3:30 PM · Conference & Networking Session
Have an event? Submit it here
✅ Weekly To-Do
 

Book Thanksgiving Dinner at Villa d’Este : lakeside gourmet menu on Nov 28 — reservations recommended.

Apply for grants up to 50% for new businesses in Lombardy : reimbursement for eligible startup costs.

For startups: apply to Como Ventures Program (deadline Oct 31) : startup & investment platform linked to Como 1907 and The Players’ Fund.

Apply to ComoNExT Accelerator (deadline Oct 31) : scale with Lomazzo’s leading innovation hub.

Register as a speaker: TEDx Youth @ Lake Como : share your idea on stage — applications open now.

Register for TEDx Lake Como 2025 : secure your seat for the upcoming edition.

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

Attend: Sustainable Development of Smart Electricity for Buildings (SEB CoVE) : Oct 29 · 9 AM–3:30 PM · ComoNExT Innovation Hub (Lomazzo).

Register: Smart Tourism — innovative solutions for tourism & hospitality : Nov 5 · 9:30 AM–1 PM · ComoNExT Innovation Hub (Lomazzo).

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. Please, keep it coming.

-Simona

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