Italian market improving all the time
Italian real estate hasn’t undergone the same fall from grace as seen in other parts of Europe, and recent news indicates that the view in Italy is improving, especially in the commercial sector. A report from property analysts CB Richard Ellis shows that commercial property investment has seen a rise in activity over the summer, with an increase in investment of nearly 40% up on the same period for 2008.
The economy in Italy is reportedly showing clear and positive signs of recovery. Real estate in Italy has enjoyed relatively stable prices, especially in much sought after regions, and this news of growth in the commercial sector will only boost the outlook for Italy.
Current investors in the form of equity funds are concentrating on prime Italian properties in prime locations at the moment, but in 2010 the likelihood is that interest in other sectors will expand. With an already steady market place, any speculative investor could perhaps get the best deals in property and locations not yet on the radar.