investors advised to buy property in italy
News Posted On: 26 March 2009
People with money languishing in a low-interest bank account have been advised to consider purchasing property in Italy.
According to Linda Travella of Italian property experts Casa Travella, the real estate market in the country is stable.
She noted that homes in Italy can be purchased for below $100,000, reports Property Talk Live.
The expert said Italian banks have been criticised for conservative lending habits in the past, but said that many other countries are likely to be wishing they had adopted a similar stance.
"There has been a reduction in the number of buyers from around the world and this has resulted in some really good opportunities to buy at competitive prices," Ms Travella said.
With short flight times, long summers and a wealth of culture and cuisine, Italy could be a good location for investors looking to rent out their purchases.
The north of Italy particularly Tuscany, was recently identified as a real estate hotspot for property buyers by Emirates Business.
Written by Matthew Bonner
Property Abroad - for your overseas mortgages, buyers guides and the latest news on buying property in Italy
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