Italy » Outlook

Italy is known for its stunning scenery, delicious cuisine, great wine, history and culture that attract tourists to visit the place. Italians are known to be people proud of their heritage and are usually quite attached to their towns. The freedom of business and trade in Italy provide a favorable environment allowing small and medium businesses in Italy to grow and mature. Starting and closing a business in Italy are simple procedures. Getting a business license is relatively easy too. Italy also enjoys investment freedom opening market for foreign investments as well. Tourism and services are important sectors contributing to Italy’s economy. Being a member of the European Union Italy’s trade policy is the same as shared by other members. Italy’s largest EU trade partners are Germany, France and the UK.

Italy has a solid infrastructure and healthy tourist industry. Foreign direct investment in Italy has been impressive. Being among the top five most popular tourist destination Italy real estate promises a brighter future making Italy property purchase a sound investment.

Despite the credit crunch southern regions of Italy and Sicily are predicted to be a hot market for property investment as property in Italy is still considered a safer bet. The demand for property in Italy is expected to shift from the north to the south of the country. According to a property portal Italy was the most enquired about country showing the keen interest of investors. Italy is also popular among British property buyers. Prices in Calabria also seem to be rising. The annual capital appreciation forecasts for the Italy’s southern regions is predicted to be between 15 to 20%.

Southern regions and Sicily also represents a great potential market for Italian property investment. Sicily is one of the last Mediterranean Islands still underdeveloped for tourism and property investment. Prices still remain highly competitive yet capital appreciation is showing signs of some impressive growth to come.