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Italian tourist market ‘benefits investors’

Article Date : Tuesday, November 27, 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

Investors can take advantage of the Italian tourist market by renting property in well-known cities, it has been suggested.

Rhiannon Williamson, director of Amberlamb, described the rental market in cities such as Rome, Venice and Florence as "highly in demand".

"The rental market in these locations is exceptionally attractive: High yields, massive demand, excellent occupancy levels and the ability to target the tourism market as well as the corporate let and long term tenancy market," Ms Williamson commented.

However, she stated that these markets could better suit more affluent investors, as they have high starting and median property prices.

Investors should still consider Italy's property market, which offers consistent underlying capital growth according to Channel 4's A Place in the Sun, because new, cheap flight routes are now available to cities such as Calabria, Ms Williamson suggested.

Up-and-coming areas such as Calabria offer an affordable entry point and good opportunities for investors to achieve capital growth, she added.
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