Southern italy ‘closing the gap’
Emerging hotspots in Southern Italy are ‘competing well’ with more established markets in France and Spain, claims one expert…
Mark Slaviero, Director of property sales service Homes in Italy, explained: “The south of Italy is an emerging hotspot that is helping the country close the gap on traditional destinations for buyers of international property.
“A number of Southern locations are competing well in price terms with France and Spain, although at this stage those two countries are sure to remain ahead of Italy overall.
"Because of these new up and coming areas like Calabria and Puglia it's actually attracting a lot of buyers who thought they couldn't afford to buy in Italy."
â€Italy has been experiencing gradual, rather than rapid growth in its property market, but this has now slowed rather than going into reverse as a result of the credit crunchâ€.
