Report filed under: Buying Property Abroad Guides » Italian Property Guide
Thu, June 28, 2007 - 8:15 pm EET
10 Reasons Why You Should Invest in Property in Italy
Ten top reasons to consider Italy for your next property investment, holiday home purchase or even retirement retreat.
The property market in Italy doesn’t seem to hit the headlines like the real estate markets in emerging countries do and neither is Italian property booming or going bust – so is it seemingly a slow cook commodity of interest to a few but overlooked by many?
Well, in this article were going to give you 10 very good reasons why you should invest in property in Italy if you want steady growth and a decent investment asset that returns you sustainable and attractive returns over the medium to long term – and why you should also consider Italian property if you’re looking for affordable and accessible real estate in a stunning setting.
1) More of Italy has become more accessible – cheap airlines, more air access, an increase in the number of road and rail links and an improvement of existing transport infrastructure in very recent years has led to Italy becoming a far more accessible nation from the European mainland and from the UK.
2) With increased accessibility newer areas of Italy have become more easily reached and it is therefore now possible to examine the likes of Calabria or Basilicata for example where you can still find incredibly well priced homes for sale.
3) Italy is not a flash in the pan, here today, gone out of favour tomorrow emerging market…Italy is a tried and tested favourite among visitors and expatriates from across the entire world therefore there will always be a level of market demand for both tourism accommodation and homes for sale to overseas buyers.
4) Italy manages to combine a fantastic culture, excellently temperate climate, delicious and world famous cuisine with a range of fascinating and fun cities as well as some of the most desirably beautiful countryside in the world making it a nation unlike any other and a nation that is timeless and evergreen in its appeal.
5) Certain areas of Italy - particularly in the far south of the country - remain undiscovered and under-explored meaning there are pockets of the nation that represent emerging market potential for large scale property investors, or which represent an affordable entry into the property market in Italy for second home or retirement property seekers.
6) There is strong local rental demand for property in the more industrialised north of the nation as well as in all the major cities – this offers an investor another approach to earning an income from an investment made into the Italian real estate sector.
7) As more areas of the nation open up, so more property becomes more accessible – this brings in greater amounts of rural and rundown real estate that can be renovated and then sold for a substantial premium to the overseas buyer…it worked in Tuscany, it can and will work again in the newly emerging locations in Italy.
8) Italy is a nation with cities such as Rome and Venice where there is incredibly affluent and strong demand for real estate to let short and long term giving an investor even more opportunity to turn a profit from property.
9) Another alternative is to buy real estate within the Italian Lakes region which has become a haunt for the rich and famous but where it is still possible to buy a home overlooking Lake Como…or to find more affordable but equally well located homes in the vicinity of Ledro or Liguria for example.
10) And finally – an investor or home buyer can find everything and anything in terms of property in Italy. You can buy a lakeside villa near Lake Maggiore, you can buy a city pied-à-terre in Milan, a ski chalet in Sestriere, a farmhouse in Tuscany or even an island retreat in Sardinia!
