italy property gains popularity in noticeable trend
News Posted On: 23 April 2009
Italian properties have climbed two places to sixth most popular in property portal Property Abroad's top ten in the past two weeks. Liam Bailey, chief market analyst for the upcoming portal gave his views on the reasons for Italy property's rising popularity:
"The main reason for the rising popularity of Italian property is that it is a secure and stable established market, that hasn't seen massive growth for a good few years, but also hasn't seen any major drops since the credit crunch began. In uncertain times it seems property investors and holiday home buyers are ever-more keen to play it safe."
"This is a noticeable trend, he added "just as 2 years ago when investor and consumer confidence was high and finance was easy to obtain, the established markets like Italy and France began to lose popularity against emerging markets like Ukraine and Bulgaria -- because the latter offered a much higher potential gain. Now as consumer confidence drops, established markets like Cyprus, Italy and France are regaining their positions as most popular for overseas property purchasers."
Property Abroad have some excellent property in Italy, including property in Campania for just under £30k. Factored into the price of the 1 bedroom villa is some minor interior and exterior restoration work where needed, electricity, plumbing, and telephone wiring, plus basic furnishing to permit immediate use of the property (including bed, table, chairs, kitchen and bathroom).
For those with a bigger budget, possibly looking for a luxury holiday home, Property Abroad's Les Calvert reccommended The Pizzo Beach Club, a development of studios, apartments, penthouses and villas starting from just £57,500. The development is located in Pizzo, in the Vibo Valentia region of Calabria. Les said:
"The location of these properties makes them ideal as either investments or holiday homes; the former because of the range of amenities on and around the resort including an excellent beach nearby, and the later because Calabria has been noted as a hot emerging market for a good few months now."
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