est eng lat
  24.11  New vision for Finnish Forests
  19.11  Latvia's October inflation rate fourth highest in the EU, says Eurostat
  19.11  DNB releases 2015 growth forecasts for Baltic states
  18.11  Most Latvian firms 'unaffected by Russian embargo'
  news archive >
News archive Test Contact
  Contact us


Southern Italy property 'thriving'


Send to a friendSend to a friend     Contact us
Emerging property markets in the EU are still performing well, although established markets such as Italy are also reporting good returns.

Government investment and encouragement in local property, along with prices in the south of the country staying low, has meant that foreign investors are now looking there to purchase.

The number of Britons heading to Italy increased by two per cent between June 2006 and June 2007, reflecting this growing trend of UK investors heading to the sunnier climes of Italy.

Mike Dunkerley, director of the Global Property Group, explained: "Tuscany has had a hell of a good run, it's a beautiful place… In the north you've got the Italian Lakes, which are beautiful and you get a hot summer and winter skiing up there.

"The prices are reasonably strong because it's one of the most prosperous areas of Italy."

He added that the south was seeing the most growth thanks to cheap prices meaning there is profit available, although a new law introduced last year has prevented any new building within 300 metres of any beach.

ADNFCR-731-ID-18244502-ADNFCR© Adfero Ltd

Related news:


29.01 HD Fest-Forest newsletter December 2012
05.07 KMS Baltics IPD summary document
news archive >
Local News

12.07 Who are Estonia’s highest-earning lawyers?
12.07 Source: Air Baltic told to repay illegal state aid in 9 years
12.07 PM: without government aid Vilnius would be bankrupt by autumn
12.07 Pagari 1: two thirds of apartments already sold
11.07 Latvia's euro adoption paves way for Lithuania
news archive >