Many sellers in Italy have reduced the asking price of their properties in recent months, prompting one local real estate expert to urge buyers to take advantage of the situation.
UK buyers make up the second biggest group of buyers in Italy, according to Gate-Away.com, Italy's number one property portal for non-Italian buyers, which analysed its data for 2011.
Earlier this month, the widow of an Italian property mogul passed away, leaving all of her real estate and financial assets to her pet cat. Four year old Tommaso inherited €10 million and an empire of Rome flats and houses, but he is not the only happy homeowner in the country, as agents say the Italian property market is the busiest it has been for four years.
The world's housing markets had a weak third quarter of 2011, according to the latest survey of worldwide house price indices prepared by the Global Property Guide. During the year to end Q3 2011, house prices fell in 25 countries (out of the 44 for which quarterly house price statistics are available) and rose in only 19.
The new commission will be established shortly, as part of the Congregation for Divine Worship. It will also be in charge of music and singing in the liturgy
Patrick Summer, Head of Property Equities, Henderson Global Investors shares his outlook for global property markets in 2012.
The world is watching Brussels today, where EU leaders are meeting to discuss the eurozone debt crisis. Disagreements between countries have fuelled fears that the crisis will only continue, but as property prices, taxes and demand fluctuate, careful buyers can still make a sound investment. It's crunch time for the EU, so where are your real estate escape routes?
Low interest rates across Europe have helped boost property values, a positive trend for real estate securities in the region, according to Ernst-Jan de Leeuw, La Salle Investment Management's head of real estate securities for Europe.
Anyone thinking of buying a home in Italy should keep a close eye on the country’s weakening economy which is having a negative impact on consumer confidence and in turn could cause property prices to fall.
Italy property is continuing to gain in popularity according to the latest release of the Rightmove Overseas Search report containing data from May. Italy held 5th place in the top 20 countries chart for the second month running, having climbed in April from 6th place in March.
Please enter your Email address and we will send you more information: