Several factors influence real estate prices in San Gimignano, a medieval town known for its well-preserved towers and historic architecture. Firstly, the town's popularity as a tourist destination significantly impacts property values; its UNESCO World Heritage status and scenic views attract both international visitors and potential buyers. Additionally, the local economy, heavily reliant on tourism and agriculture, affects market dynamics; properties that can tap into these sectors, such as agriturismos, often command higher prices. The limited supply of available properties within the historic center, coupled with high demand for vacation homes, can drive up costs, especially for homes with traditional features or panoramic views. Furthermore, zoning laws and restrictions aimed at preserving the town's historical character can limit new developments, maintaining scarcity in the market. Proximity to amenities like restaurants, shops, and cultural sites also plays a vital role; properties located within easy walking distance of these attractions typically see higher valuations. Lastly, the overall economic environment, including interest rates and foreign investment trends, can sway the affordability and desirability of residential and commercial real estate in San Gimignano.