italy offers a broad choice for investors buying property
News Posted On: 06 April 2009
Investors looking to buy property in the Mediterranean for less than £150,000 should consider purchasing a home in Italy, according to an expert.
The Times identified the country as one of the top established markets in the region for finding a broad range of affordable properties.
It noted that even a relatively small budget could be enough to secure a property in traditionally expensive areas, such as Tuscany or Umbria.
Linda Travella, director or real estate agency Casa Travella, told the publication: "Prices have dropped by about ten per cent in Italy"
However, she admitted that even with many British vendors willing to negotiate on the price of properties in Italy, the good value homes "take some hunting down".
Last month, a survey by Gallup found that Italy was the second most popular destination for European vacationers this year.
This could be welcome news for prospective owners of property in Italy who plan to rent out their homes while they are not staying there.
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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