Real estate news
and tourism in Valtellina

You don’t need to go all the way to California to find yourself surrounded by imposing granite cliffs, green meadows, waterfalls and lakes nestled in the heart of nature. All this can also be found in Valtellina, in the stunning Val di Mello, often nicknamed the ‘little Italian Yosemite’.

After several years characterised by significant increases, the short-term rental market in Italy appears to be entering a period of greater stability. According to data compiled by Immobiliare.it Insights, following a price rise of around 35 per cent since 2021, asking rents for this type of tenancy have increased by an average of just 1 per cent over the past year. This figure could indicate that a new equilibrium has been reached between supply, demand and prices.

The Government has launched the new ‘Piano Casa 2026’, a scheme designed to tackle one of the most pressing issues of recent years: the difficulty of finding affordable housing, particularly in large cities and in areas where property prices and rents continue to rise. This initiative is set to have a significant impact not only on the public housing sector but also on the private property market, with potential benefits for families, young couples, investors and industry professionals.

2026 has got off to a decidedly positive start for the Italian property market, confirming and reinforcing the recovery that began in 2025. The latest figures paint a dynamic picture, characterised by rising demand, prices under control and renewed interest from investors.

In the first quarter of 2026, investment in the Italian property market reached around €2.6 billion, a figure in line with the average of recent years, although slightly down on 2025 (-5%). Despite this, Italy continues to prove an attractive market for both domestic and international investors.

Valtellina is a region best discovered at a leisurely pace, following the rhythm of its footpaths and letting yourself be guided by the variety of its alpine landscapes. Here, the mountains are not merely a backdrop, but a living presence that accompanies every experience, amidst woods, pastures and heights that offer ever-changing vistas.

The Milan-Cortina 2026 Winter Olympics have brought Valtellina unprecedented international exposure. For months, there has been talk of a potential tourism boom, with expectations of fully booked accommodation and a sharp rise in visitor numbers.

The property market has always been one of the sectors most sensitive to economic, social and financial changes. After years characterised by sharp fluctuations – between the pandemic, inflation and interest rate rises – operators and private individuals are now looking to the future. 2026 looks set to be a year of consolidation and redefinition of balances, with new opportunities but also choices to be made with greater awareness.

The Milan-Cortina 2026 Winter Olympics will take place in Italy from 6 to 22 February 2026, with competitions formally beginning with the qualifiers on 4 February. The opening ceremony is scheduled to take place in Milan, at the San Siro Stadium, on 6 February, while the closing ceremony is set for 22 February.

The 2026 Budget Law changes some key rules that also affect the property market, from short-term rentals to the main home bonuses.