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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Italy Property Gains Popularity in "Noticeable Trend"

Italian properties have climbed two places to sixth most popular in property portal Property Abroad's top ten in the past two weeks. Liam Bailey, chief market analyst for the upcoming portal gave his views on the reasons for Italy property's rising popularity:

"The main reason for the rising popularity of Italian property is that it is a secure and stable established market, that hasn't seen massive growth for a good few years, but also hasn't seen any major drops since the credit crunch began. In uncertain times it seems property investors and holiday home buyers are ever-more keen to play it safe."

"This is a noticeable trend, he added "just as 2 years ago when investor and consumer confidence was high and finance was easy to obtain, the established markets like Italy and France began to lose popularity against emerging markets like Ukraine and Bulgaria -- because the latter offered a much higher potential gain. Now as consumer confidence drops, established markets like Cyprus, Italy and France are regaining their positions as most popular for overseas property purchasers."

Property Abroad have some excellent property in Italy, including a fantastic 2-storey Abruzzo property in need of complete restoration for just £7,432. This property offers the keen private or professional developer massive potential profit if they are willing to spend the necessary time. Property Abroad have many other bargain Italian properties in need of restoration.

Property Abroad also have a property in Campania for just under £30k. Factored into the price of the 1 bedroom villa is some minor interior and exterior restoration work where needed, electricity, plumbing, and telephone wiring, plus basic furnishing to permit immediate use of the property (including bed, table, chairs, kitchen and bathroom).

For those with a bigger budget, possibly looking for a luxury holiday home, Property Abroad's Les Calvert reccommended The Pizzo Beach Club, a development of studios, apartments, penthouses and villas starting from just £57,500. The development is located in Pizzo, in the Vibo Valentia region of Calabria. Les said:

"The location of these properties makes them ideal as either investments or holiday homes; the former because of the range of amenities on and around the resort including an excellent beach nearby, and the later because Calabria has been noted as a hot emerging market for a good few months now."

Property Abroad have over 900 Italian properties , visit the site to find out more.

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