Italy's economy doesn't melt property prices
What's the latest on the downturn in the economy as far as property prices are concerned?
I've just received some interesting figures that make for very positive reading for anyone that is thinking about that Italian dream. The good news: the figures are excellent and it still remains a worthwhile investment.
A survey of Italian real estate agents shows interest from abroad is in fact increasing. Property prices have not fallen as drastically as feared, and contrary to these fears, the Italian housing market shows signs of stability. Prices have been dropping only 0.3% year on year. Nomisma, an independent economic thinktank, predicted that house prices in 13 major Italian cities would stay stable in 2011 and that seems to be bearing out.
Another survey conducted by The Bank of Italy shows that the majority of Italian real estate agents either predicted that the Italian housing market would either improve (61%) or remain stable (26%). Overseas property buyers have every reason to consider Italy as a safe place to invest.
Effect on Piemonte Property
We're seeing an increase in traffic to our website and more inquires every week, despite political changes and the economy.
Having lived in Italy for 10 year I don't have to ask why people still find this country a desirable place to live!
