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Southern Italy experiencing 'strong development'

Article Date : Monday, August 13, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Property development in southern Italy is on the increase according to new reports, fuelled by increased government investment and shifting trends towards development projects throughout the region.

This means that foreign investors with their sights set on Italy can expect an increase in available properties ahead, while relatively low prices in the south continue to offer appealing deals.

Furthermore, experts argue that overdevelopment is not a risk for the region due to the fact that Italians are taking precautionary measures against this in light of any possible risks. Mike Dunkerley, director of The Global Property Group explains how these factors are combining to make the south increasingly attractive.

"The government is opening it up, they're encouraging development, for tourism, holiday apartments and so forth," he states.

"The south is coming up because prices are low and prices are rising. Anybody buying there is probably going to turn a profit, whatever else happens."

Meanwhile RealPoint Property warns that while becoming more popular southern Italy lacks the infrastructure evidenced in the north, which could prove a barrier to effective development in the coming future.
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