Property prices in Italy slid by 0.7 per cent during the year to June 2011, figures from think-tank Nomisma show.
Forget the rat race – buying abroad offers bargain properties and the living is easy, says Christopher Middleton.
Lake Como has been synonomous with the infamous Hollywood bachelor in recent years, but property prices around the northern Italian region are more reasonable than home buyers might think.
Whilst large farmhouses may be out of the reach of many British buyers, it is still possible to pick up affordable property in Tuscany.
The real estate markets in Germany and Italy saw capital-value declines in 2010, according to Investment Property Databank (IPD), but both look to be recovering.
Lower local employment rates and demand levels mean prices can be significantly lower in the south of the country, where the scenery is just as beautiful and the cultural offerings just as rich.
New research from the Bank of Italy shows home values have remained static in the nation, despite rapid falls in house prices from its fellow southern European nations Spain and Portugal. Moreover, the majority of market analysts predict significant growth for the year ahead.
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