Reduced real estate boots up recovery in Italy
Italian real estate has been one of the slowest markets to be hit by the global events of the past 18 months, & until recently was looking fairly slow on the recovery uptake too. Property in Italy has managed to retain a healthy value due to quality of build & location, in addition to the general slow & stable nature of the market there as owners have bought for lifestyle rather than investment.
But real estate in Italy now has to compete with the ever increasing popularity of France & Spain, and to make ground on the depression it has experienced over the past twelve months or so. The secret of its emerging recovery are the foreign investors who bought at the height of the market who are now beginning to sell at discounted prices.
Italian properties that were previously unattainable are becoming evermore achievable as industry professionals report that it’s the higher end of the market that is seeing the biggest reductions in price. Sales are up in the country, and there is no shortage of investors just waiting to take up the stylish Mediterranean lifestyle.