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Italian property market growth 'to continue'

Article Date : Thursday, November 29, 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

The Italian property market will continue to expand "for at least the next two years", one expert has claimed.

Rhiannon Williamson, director of Amberlamb, explained that the "straight eight-year run" of price growth in the Italian market shows no sign of slowing, which could be good news for potential investors from Britain.

"It has been estimated that by the end of this year there will have been almost a 30 billion euro increase in the value of the real estate market in Italy over the last six years," she remarked.

Ms Williamson stated that capital appreciation is still supported by the market and that "the fundamentals are in place" for future growth.

The accessibility of certain areas of Italy has largely guided which parts have attracted the attention of investors, she added.

House prices in Italy rose by 6.3 per cent during 2006, according to Global Property Guide.
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