Cease a deal in Italy
The Italian real estate market is set to benefit from the proceeds of a tax allowance which will see small business and companies repatriate euros back into the country.
The deadline of mid December is looming for businesses to take advantage of this tax amnesty, which in the past has successfully been used to great effect, with over 80 billion euros finding their way back into the Italian economy in 2001 & 2003.
Real estate in Italy is seen as a relatively stable market, despite some fall in values, but industry experts are predicting that with the easing of tax on in bound cash, much of that cash is likely to be re-invested into Italian properties.
The re-investment isn’t expected to be immediate as investors will be wise to wait and watch as the economy emerges from the global gloom, but when they’re ready to go all market sectors of Italian real estate are going to benefit.
The key to this is that anyone considering investment property in Italy may want to consider there purchases now to ensure lowest market values.