Feb 27 2008

Attraction of Italian property investment highlighted

Italy’s beautiful countryside and stylish Mediterranean beach resorts make it an attractive place for property investment, according to NuWire Investor.

The real estate news provider claims the country offers a great deal for travellers around the globe, which is good news for investors looking to take advantage of tourist demand.

Indeed, there are many opportunities in the Italian rental market, particularly in coastal areas and rural locations in southern Italy which are frequented by overseas visitors.

But the country’s cities are also a popular choice for investors, with apartments in Rome, Milan, Venice and Florence all offering lucrative returns thanks to demand from those jetting off on short city breaks.

“Italy’s exquisite cultural patrimony, evocative countryside and ‘made in Italy’ craftsmanship all combine to preserve the value of Italian real property,” said Donald J Carroll, a member of Pirola Pennuto Zei & Associates in Rome, told NuWire Investor.

According to rightmoveabroad.com southern Italy is emerging as a competitor to the traditional destinations of France and Spain when it comes to holiday home investment, the Mirror reports.