Milan seeing new development

Article Date : Wednesday, July 11, 2007

New property developments are set for Milan, expected to provide a significant boost to the city and attract buyers to the region at large.

Under new plans for Italy's second largest city, residential and commercial property will be developed, offering infrastructure benefits to the local economy as well as new scope for businesses and individuals.

Foreign investors can expect new opportunities in Milan in the coming years, while increased property supply may also result in increased demand overall. Roberto Talotta, country manager at international property consultants EC Harris underlines the need to meet new demands.

"The challenge now is to provide residential property, high quality office space and infrastructure that the new economic circumstances demand," he explained to the International Herald Tribune.

Meanwhile the Association of International Property Professionals argues that rural Italy remains popular among UK property investors due to the appeal of traditional Italian living.

Calabria has been highlighted as a high-demand area in this respect.

Tags:

Association of International Property Professionals, International Herald Tribune, Italy, Milan, United Kingdom

Milan seeing new development

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