Incredible italy still ‘expanding’

The Italian property market will continue to expand for the next two years, one expert has claimed...

Rhiannon Williamson, director of Amberlamb, explained: ‘The straight eight-year run of price growth in the Italian market shows no sign of slowing, which could be good news for potential investors from Britain”

"It has been estimated that by the end of this year there will have been almost a 30 billion euro increase in the value of the real estate market in Italy over the last six years," she remarked.

Ms Williamson further stated: “capital appreciation is still supported by the market and that the fundamentals are in place for future growth. The accessibility of certain areas of Italy has largely guided which parts have attracted the attention of investors”.

Italy catching up with Spain

Recent figures from Foreign Currency Direct property portal show that Italy has around 19% of the total property investment market with only Spain having a bigger market share.      

Linda Travella of Casa Travella enthused that the development was ‘incredible’. She added: “There has been an initial surge of interest in the emerging markets of Eastern Europe but this tends to lead to speculation buying and with it comes inherent risks.

“Interestingly, figures show that the market has now turned on its head and reverted back to investors looking for established countries such as Italy where there is a track record of capital growth and rental returns.