Published by Bath-based Anthem Publishing, the 100pp Italia magazine will have an initial print run of 30,000 and a cover price of 3.50.
Repro will be handled in-house by Anthem.
Italia editorial director Paul Pettengale said the magazine was being aimed at people who like all things Italian.
"It's for people who have either bought or are looking to buy a home and set up a new way of living in Italy."
The first issue will feature Tuscany and the magazine will aim to feature regionally based properties. Italia's first issue will go on sale from 4 November.
Anthem Publishing was founded in 2003 and also publishes Music Tech magazine, which covers music production.