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CAPITAL GAIN IN ITALY REMAINS STEADY

Thursday, 17 Apr 2008

Foreign investors are not only on the search for property in popular, tropical destinations of the world; a big motivational factor in choosing the perfect investment location is also the authenticity, culture and unrivalled mystery of a location. Italy fits snugly into this mould, and rarely disappoints, as it is ideal for those investors on the search for a taste of quality continental living.

Although Italy has not experienced the influx of international investor’s attention as openly and largely as neighbouring European cities, the likes of Spain, France and Bulgaria; Italy has still maintained a steady, underlying Capital growth.

Italy’s housing market has continued to maintain an average annual rate of 8 per cent growth per year, according to the Bank for International Settlements (BIS).

The decrease in air travel fares has also had a positive impact on Italy, as many investors are taking the opportunity to travel abroad for less; bearing in mind that the cost of living in Italy is considerably less than that of the United Kingdom.

Experts in the Property and Housing market in Italy suggest that a good investment area (that is experiencing active price movement at present) is in and around the Northern lakes of Italy (including Como and Maggiore). By investing in these Italian lakeside properties, potential investors and buyers are assured of good rental returns, as one would be able to benefit from the warmth of weather in the summer seasons and the thrill of the winter seasons, where ski resorts and lodges are in close proximity to most of these lakeside properties.

Many investors are aware of the high demand and short supply of good rental accommodation, and are accordingly investing with factors in mind, in an attempt to further build on the profitability and sustainability of the Italian economy and property market in particular.

Situated all around this European city, Italy is speckled with affordable, newly built properties, as well as untouched towns and villages, where traditional properties are in dire need of restoration and conversions into holiday homes.

Italy is indeed an untapped oasis of opportunity. The beauty of classic meets contemporary is perfectly packaged in this little city, Italy.

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