appetite growing for italian property
News Posted On: 10 July 2009
Italy is hot-stuff in the world of overseas property right now. Firstly, major UK portal Primelocation announced that it was joint 4th most popular with visitors to the site, sharing 22% of the searches with Portugal equally.
This is because of the high prevalence of lifestyle buyers in the market at the moment, as well as Italy's potential for long-term economic stability and growth, according to Les Calvert, director of overseas property portal Property Abroad.com.
"Though there are indications that overseas property is becoming a popular investment once again, the market is still largely occupied by lifestyle buyers, primarily those with substantial equity. Italy is a favourite with both lifestyle buyers and investors, because of its beauty, beaches, climate and economic strength from the fact that it is the third largest economy in the EU," he said.
At the same time Calabria property was named one of the world's top 5 emerging coastal regions for property investment by sector specialist SEO copywriters Write About Property. Well known commentator Liam Bailey cited low property prices, great beaches and rising tourism occupancy among the reasons for his choice.
Also worth a mention is the fact that UNESCO, the United Nations Educational Scientific and Cultural Organisation has named the Dolomite Mountain range a world heritage site. This will exert upward pressure on property prices in the region, by making obtaining permission to build more difficult, and thus protecting it against over-development.
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