Italy is becoming a popular destination for wealthy property investors, with its high quality of life and a flat tax system introduced nine years ago being the main attractions, according to real estate agents. The flat tax system allows foreign residents to pay a fixed tax of 300,000 euros (approximately $342,000) annually on all their overseas income. Currently, the number of participants in the program has increased from about 3,000 in 2024 to about 5,000. Additionally, sales of high-end residential properties in Italy grew by approximately 140% in the first eight months of this year compared to the same period in 2025.