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Big Money, Long-Term Property Investors Turn to Italy’s Steady Market - 14 July 2010

Italy is becoming a top choice for cash-abundant investors who are in it for the long haul, experts suggest.

Though Spain and France are often seen as the most popular destinations for investment among British buyers, experts say that Spain’s troubled economy and France’s pricier market make Italy a safer investment choice for the current investor.

Italy faired better than most countries during the recession, having shied away from the business of high mortgages. Newly built developments are also few in popular Italian cities, creating a larger demand over supply, and therefore, a more attractive market for long-term investors. Italy is also known for its safe property laws, which give foreign investors great buying protection.

While Italian propert may be scarce, the new wave of British investors are not rushing into the market and snatching up what few reduced property deals they can find. Most have the cash to spend on more expensive homes and villas—especially since the sterling is strong—and are waiting to buy something that will prove lucrative over the next 10 to 15 years.

To literallycash in on this growing investor population, and more importantly, reduce its national debt, Italy is putting more than 9,000 palaces, beaches, islands and forts for sale at the end of this month. Some of the more pricier pieces of land for sale include the Caprera island chain off of Sardinia, and a palace in Rome, most likely going for £15 to £20 million apiece.

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