Italy — a perennial favorite of the rich and famous — is attracting a new wave of ultra-wealthy arrivals looking to take advantage of its investor friendly environment, thriving real estate market and low tax regime.

As many other countries clamp down on the super-rich, Italy has been bucking the trend; its accommodative flat-tax regime has enticed hordes of big spenders drawn to luxury living and Milan's increasingly bustling business scene.

And despite doubling the one-off charge paid by high-net-worth individuals on their foreign income to 200,000 euros ($233,000) in 2024, this has done little to detract demand for la dolce vita.

"They operate at the wealth level, which is still way above 200,000 per year flat taxation," Matteo Pella, senior broker in Berkshire Hathaway HomeService's

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