Italy Property Stays in the News

Last week a Telegraph survey found that Italy was the most popular tourism destination in Europe among its readership. And this week estate agency Knight Frank were quoted in the Times as saying that the traditional Italian property purchases such as farm-houses and cottages should take the back-burner to off-plan apartment developments in upcoming markets like Florence.

Also commenting on Italy this week Liam Bailey, of overseas property portal Property Abroad said:

"Italy will always have a strong property market, especially from Britain and especially because of the number of Briton's emigrating every year, who tend to go for Italy, France and Spain, seconded only by predominantly English speaking countries like Australia and Canada. The Telegraph survey last week was excellent news for those considering buying a property in Italy, especially those considering a property investment, or a holiday home to make rental income from when not in use. But if I'm honest, my favourite place to recommend in Italy with those two purchasing groups still has to be the emerging market of Calabria"

Property Abroad have some excellent properties in Italy; in fact Les Calvert, director of Property Abroad, gave us some particularly hot news about Italy this week:

"I asked our chief market analyst Liam Bailey to pick one property each week in a country that he particularly rates, this week it was Italy's turn and he chose the Jewel of the Sea Phase 2 in Calabria."

Jewel of the Sea Phase Two in Bracaleone, Calabria hopes to follow on from the success of its predecessor; Phase 1 which was the fastest selling off-plan development in Europe -- propelling Calabria to the hot-list of European emerging property markets. A completely gated community, Jewel of the Sea Phase 2 comprises of 1 and 2 bedroom apartments in a completely gated community. The resort style development features: swimming pools and an aqua park, clubhouse, restaurants, cafes and a commercial centre.

Property Abroad have many other properties in Italy, including land-plots in Sicily, and many bargain properties in need of restoration with bags of potential.

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Property in Italy

Buyers thinking of purchasing a property overseas may wish to consider looking into the options available in Italy. According to the BuyAssociation website, the Mediterranean nation is an attractive option for investors and for those who want a second home for lifestyle purposes.

The online portal noted that the south of Italy is a particularly popular emerging market, with regions such as Calabria drawing a great deal of interest. This part of the country has a number of attractions, such as the good weather, beautiful scenery and a solid rental market. Having a steady demand for the property from tourists and locals may make an area such as this worth considering for those focusing on the investment potential of their homes overseas.

BuyAssociation commented: " Italy has stepped away from the cliches and stood up to its detractors to bring a fresh face to the overseas property market."In related news, the Daily Telegraph recently pointed to Sicily as an area that could experience growth in the next few years due to golf tourism.

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