“We are seeing some new luxury areas apart from Tuscany, the very top cities — Rome, Milan, and Florence—and Lake Como,” says Diletta Giorgolo Spinola, head of residential, Italy Sotheby’s International Realty. Across the Globe, luxury markets are vastly expanding in response to a booming real estate market in which prices are skyrocketing. Buyers are taking a closer look at slightly more out-of-the-way destinations that may offer a bit more value. Instead of Tuscany, buyers are looking at Umbria, instead of Lake Como, Lake Maggiore, she says. In a post-pandemic market, buyers are also looking in the south of Italy, Puglia, which forms the heel of Italy’s “boot,” as well as the island of Sicily.