Overseas property news - Revealed: italy’s next hotspot

Revealed: italy’s next hotspot

A beautiful Southern Italian Island has been tipped as the next big overseas hotspot…

According to online property portal RightMove Overseas, Sicily is growing in popularity, and a combination of improving airline connections and ‘stunning scenery’ will propel the Island to the forefront of the overseas property investment market.

Justin Figgins, director of Rightmove Overseas, enthused "Access to Sicily is improving all the time, and several carriers now offer daily direct flights from the UK and Ireland. We have seen many times before how better access to a destination pre-empts growing interest in the local property market and subsequent capital growth. With Sicily, flights are already in place and our statistics prove that interest in Sicilian property is increasing significantly, so I would not be surprised if prices start to rise fast."

Mr Figgins continued: "Sicily offers stunning scenery, a good climate, very affordable property and a range of activities that make it a year-round holiday destination; including great beaches, skiing on Mount Etna and two golf courses and two more in the pipeline

"These are all likely to provide some very decent rental yields and, as tourist numbers continue to rise, good capital growth. In fact, given what Sicily has to offer, and its improved access, I would say that it’s not unreasonable to assume that property prices on the island will soon close the gap with Sardinia where, even in the less fashionable resorts, prices are up to 40 per cent higher."

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