Italy fashions a stable market
Whilst the rest of Europe clatters about amongst the devastation of the economic fall out, the Italian real estate market seems to squint at the rest of us and then slip back wondering what all the fuss is about.
Real estate in Italy seems to be taking the global cloud in a very casual stride. The price of Italian properties has slipped by about 20%, and at the moment isn’t expected to fall much further.
Experts put this down to a much slower moving market, with the indigenous population only moving on average once every 20 years. The relaxed lifestyle is clearly ingrained and the market follows suit.
What’s attractive about Italy to potential investors is its central European location, relaxed lifestyle, fashion, stunning scenery, language & exquisite culture.
Potential investors will probably find the best deals and value for money when dealing with expats, as many have found the falling Pound-Euro relationship too strong to support their savings & pensions. Don’t expect too many locals to be in a rush to sell !