Why invest in Italian property?
Italy is a European cultural centre and investing in the country means that you have a base from which you can enjoy the nation's wonderful food, warm summer sun and friendly, vibrant population - as well as having access to the country with perhaps the greatest cultural heritage in the world.
In addition to this, house prices are continuing to rise in Italy - following on from an upswing in prices since 1997, after a period of recession in the mid-1990s. The property market grew by an impressive 78.4 per cent between 1998 and 2004 (in nominal terms).
There are no restrictions on foreign ownership of properties in Italy, making any property purchase relatively hassle-free.
It is possible to make considerable profits from property investments in Italy - you might look to buy a house in already established part of the country such as Umbria, the Italian Riviera or Tuscany. Alternatively you might want to search out for your own part of undiscovered Italy. The south contains many idyllic settlements - and the possibility that a budget airline might establish a new route and open a previously-undiscovered market up to foreign buyers could mean a potential windfall in years to come.
Experts say that one of the best ways to make excellent returns in the Italian market is to seek out properties in need of renovation - although investing in a farmhouse or a smart flat in the centro storico of an Italian town can also give returns of as much as 20 per cent per annum.
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