High-end italy ‘buoyant'

Italy's prime property market is doing well amid the global economic downturn, claims one expert...

According to Casa Travella's Linda Travella, an expert on Italian property sales and purchase for 22 yrs, high end homes in Italy are "the most buoyant part of the Italian property market".

She explained: "Amidst a very turbulent economy, it is interesting to note that in general the high end of the property market continues to do well. Clients know that January is a good time to buy in normal economic conditions as not many people view and vendors are more likely to accept offers.

"This year, they see it as an excellent opportunity to invest their funds in something stable rather than leaving it in banks where interest rates are at an all time low.

"Once Spring dawns vendors become more enthusiastic and with Barak Obama as the new US President and banks beginning to stabilise, vendors will become more confident and less likely to accept offers."

Source: www.casatravella.com