The time for buying bargain assets in Italy is definitely at its best, plus the Italian property market is still a thrilling market to invest in.
With an extremely lively tourist market, investment property in Italy is an attractive opportunity for purchasers. Thanks to its central location, Italy is easy to get to from most European capitals.
Furthermore, there are big areas of “undiscovered Italy”, however there are many well-informed investors as well that do predict that if you buy property in Italy nowadays, you will still be buying ahead of a lot of investors that will be aiming to Italy in the future.
New Finance Laws and Economical Legistlation in Italy relating to the purchasing and selling of residential property between private individuals have introduced by the government. These laws assist in making the market more transparent as well as helping buyers not to become involved illegal activities such as money laundering.
With us you can get all the information you need to know regarding investing in Italy. Discover why Italy makes such an attractive opportunity for investors and learn how to step into its markets step by step.
There are plenty of Investment opportunities in Italy.
A lot of foreigners buy real estate in Italy due to the appealing standard of living in numerous areas. For example, there are large colonies of foreigners living in Tuscany, Umbria, the lake areas of northern Italy, the astonishing Venice, etc. While the purchase of real estate in Italy might be considered a “consumption expenditure” rather than an investment, surprisingly enough the value of real estate in Italy has given great satisfaction to investors as a result of the steady and often rapid increase in values. In recent years, the increases in values have been well ahead of rises in the cost of living. It may be expected that real estate values will start to rise again because of the strong underlying demand, both from domestic as well as external sources.
Obviously, a mixture of factors should be considered before the action of real estate investment. Location is important in particular. If there’s one thing you should take into consideration is that there will always be a market for the “show piece” assets and due to the declining availability of such assets their prices will keep on rising. An additional aspect to be taken into consideration before you buy real estate is the potential that the asset might be put for either resale or commercial use once it has been refurbished.
In addition, there is still a large number of real estate assets for sale in Italy that are situated in breathtaking country regions or in ancient petit hill towns that have been vacated by the locals who have moved to busier urban areas. These properties are often sold at very reasonable prices. With renovation it’s more likely to increase their value. Throughout most of Italy, especially in the north and in the center, local administrations are taking steps to improve the appeal of their areas in order to promote tourism as well as the expansion of residential and local commercial.
“Italy, for BlackRock, is a big investment opportunity”.(According to Ralph Schlosstein, CEO of Evercore Partners, a New York-based investment bank and a former BlackRock executive: “BlackRock today is one of the, if not the, most influential financial institutions in the world”.)