Trieste

Investment summary

Trieste's residential market recorded a sustained upward trajectory from a cyclical low of approximately €2,293/m² in mid-2024 toward €2,624/m² by early 2026, driven by foreign investor interest, Porto Vecchio waterfront regeneration, and the gravitational pull of its research cluster. Baseline gross rental yields sit at approximately 4.7–5.3% across city-centre and semicentral neighbourhoods, with the cedolare secca flat-tax regime at 21% keeping net returns competitive for non-resident owners of a single rental unit. The city remains materially cheaper than comparable Adriatic cultural capitals, offering an accessible entry price with demonstrable appreciation; buyers who can navigate Italy's standard conveyancing process — transfer tax of 9% on resale for second-home purchases, a 12-week typical timeline, and notary costs around 1–2.5% — will find a market with genuine upside should the Porto Vivo and port-authority investments deliver the planned public realm improvements.