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Italy » Market Report
Italy and France have always been regarded as a favourite place in which to have a holiday or retirement home. The middle classes of the wealthy nations opted for these two counties to have a second home in. As a consequence, Italy’s property market has enjoyed a lot of popularity from overseas buyers. The high demand increased prices of Italy real estate beyond belief. There is not a lot of choice when it comes to investing in Italy’s property. Mostly the market for residential real estate sector in Italy is the target of interest but that too although attractive is a bit expensive. The returns from Italy’s real estate market may not be very high as compared to emerging markets around the world but the fact that there are no risks makes it a sound investment. Market for commercial property however is quite popular in Italy. Demand for prime offices in prime locations is high in every major city of Italy. Investors in Italy are buying property to sell them as office space. It is time to take advantage of it as the demand for office property in Italy is high and looks promising. Italy offers stunning properties and locations at comparatively low prices. The beach front properties in Italy are half the prices of an average home in UK and some areas represent growth rates of up to 25%. Prices are cheaper than its European counterparts making investors turn to Italy’s real estate market for a sound investment. There is no capital gains tax on Italian property and strong tourist market plus high capital gains. Shrewd investors aware of the advantages of investing in Italy’s real estate are fast availing the opportunity. For a sound investment in Italy real estate, the market for Southern Italy holds promising investment prospects. 
Italian real estate presents plenty of choice for the property type you
wish to purchase. From a country residence, tiny studio apartment to a
huge castle, holiday resort apartment, townhouse or villa Italy offers
it all. Prices of property in Northern Italy or in major city centers
and popular resorts such as the Alps, Italian lakes and resorts, are
higher than those in the south. The prices get cheaper the further to
the south you go. The areas in the southern regions like Calabria offer
a promising market, while the northern Italy locations near ski resorts
in the Alps present popular rental market. Calabria is a destination
not completely discovered but is emerging fast as a hot spot for
Italian property investors. In islands of Sicily and Sardinia property
prices are about 25% cheaper as compared to the mainland. Apulia in
the southern region has an enticing landscape and is a sound investment
option. Properties in Tuscany are expensive but tempting. In big
cities, houses can be quite expensive therefore Italians usually prefer
to buy a flat.
It was after the EU, that an increased activity in Italy’s property
market was witnessed. An analysis reveals that many foreign nationals
particularly from the European Union nations are purchasing real estate
in Italy both for commercial and residential purposes. British
particularly are showing an active interest for property investment in
Italy. For purchasing property in larger cities, apartments remain a
popular choice. The growing demand and the limited accommodation in
cities like Rome make it a sound investment and represent great rental
potential. The growing demand has raised the costs of real estate in
Italy but it hasn’t dampened the spirit with which it is sought after.
Investors are turning to the rural spots for cheaper purchase. The
interest of foreigners particularly for investment purposes and for
second homes seems to be more concentrated in the rural regions of
Italy that promises an easy going and relaxing lifestyle. Many buyers
lease it to enjoy the rental income at times when they are not using
the property enjoying maximum gains from their property.
International Property Broker forecast that in comparison to the US and UK markets that are going through a bad phase, Italy’s property market is a comparatively safer bet which many investors are opting for. Despite the economic crisis there is activity in Italy’s property market. According to statistics, in first half of 2008 house prices in Italy’s 13 main cities seem to have witnessed an increase of 4.2% from a year earlier. The property in Italy still is a valuable asset although it is quite expensive but the profits can also be very high so there are no risks involved.
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Italy’s real estate market is attracting investors as Italy’s property market with growth potential and no risks represents a strong investment market. The investors who want to play it safe in today’s time of turmoil are turning to Italy’s established property market where the demand for Italian property has not decreased as reported by the property firms and Italian real estate agents. The pleasant weather, coastline and good rental yields are still luring the buyers.