News Archive: 2012

03, 2012 May:

Faking it: Italy's flourishing market

Italy may be struggling against a deficit of several million euros but in some markets, the country has never had more money. 550,000 fake euros are printed in the Campania region every year - 69% of the total number of fraudulent bills seized by European banks. Some immigrants from Africa and Latin America even use the counterfeit money to buy property.

12, 2012 April:

Italy's high-speed Alps train starts to accelerate

Plans are starting to accelerate for Italy's high-speed Alps train line. The 35-mile route, which goes underneath the mountain range to link Turin to Lyons, has been blocked for the last couple of decades by protestors opposed to the plans.

Italy home sales will "fall slightly" in 2012

Sales of houses in Italy will "fall slightly" in 2012, Nomisma has declared.

11, 2012 April:

Infographic - Italy: At a Glance

Abruzzo is Italy's most popular region for property, according to TheMoveChannel.com's At a Glance infographic. The infographic, which displays buyer activity on the overseas property portal from the last 12 months, shows that Abruzzo attracted the most attention, receiving 24.09 per cent of enquiries for Italian real estate since April 2011.

03, 2012 April:

Helen Mirren's holiday home in Italian council planning row

With its turrets, moat and picturesque rose garden, this countryside castle looks like it is fit for a Queen. But the palatial property has proved to be anything but as owner Dame Helen Mirren faces a planning row with neighbours.

29, 2012 March:

Construction down in Spain and Italy

Production in the Spanish construction sector registered a decline of 11.5% in January over the same month last year, higher than the fall of 1% experienced in the EU in January, according to figures provided by the EU statistical office Eurostat.

Experts warn: Euro prime prices are 'too high'

Prime property in Europe is no longer driven by fundamentals and looks expensive, warned speakers at the launch of IPD's pan-European Property Fund Index.

Property bargain hunters eye Euro opportunities

The growing value in European property was underlined after the biggest US real estate investment trust (Reit), Simon Property Group, completed its acquisition of a 28.7% stake in Klépierre, a French property company, for an estimated $2 billion (£1.2 billion).

28, 2012 March:

Italy seizes ex-Mafia land

What happens to ex-Mafia property? Well, Centopassi vineyards is using it to grow some grapes and produce some wines.

26, 2012 March:

RICS: Europe in housing market 'agony'

Europe is in the midst of "prolonged agony" of housing market decline with no obvious end in sight, a report by surveyors has claimed.

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