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."
Back to news articles for this country
Latest Related News Articles in Italy
British Real Estate Investors Have Italy in Their Sights
2012-05-04
Interest in Italian real estate among British investors seems to be mounting, according to a latest .....
Venice Property Market Performs Strongly
2012-03-30
Interest in Venetian property is still strong amongst foreign buyers, according to Knight Frank. Ove.....
Italy Property to be Buoyant in 2012
2011-12-15
You have to ask yourself one question... Do I feel lucky, well do ya, Italy? It is funny I was just .....
The Attractions of Sicily
2011-04-07
Sicily is becoming increasingly popular with overseas investors who are immediately charmed by the b.....
Italian Calabria Regaining Popularity With Investors
2011-03-23
Italy’s city of Calabria is experiencing more and more interest from overseas property investors lat.....
Italy Announces 24 Million Euro Austerity Measures
2010-06-02
Italy has become the latest Eurozone government to announce heavy cutbacks to bring down a huge budg.....
Italian Property Prepares for Growth after Surviving Crunch
2010-05-07
Italian property prices are down just 4.2% on last year according to the latest Knight Frank index. .....
Italian Property Rebounds in Second Half of Last Year
2010-03-30
According to the Italian version of the Land Registry Italian property prices fell just 0.7% in the .....
Italy Needs to Invest Heavily in Sustainable Economic Growth
2010-01-19
An Italian WSJ columnist has said that the government needs to invest heavily in the economic if the.....
Etihad Alitalia Deal to Have Big Impact on Italian Property Markets
2009-12-21
The deal, which will see increasing direct flights from Abu Dhabi to Italy, will benefit both proper.....