Brits return to Italian property market

Italy is proving to be a hot spot for British investment this year, with some developers reporting an upturn in interest from buyers, Overseas Property Professional has reported.

According to Luca Catalano, director of Realitalia, UK-based investors have begun to come back to the European destination after a lengthy period where the market was dominated by locals.

"Without a doubt we have seen a marked increase in interest from the British with a strong rise in the numbers requesting information, visiting our show homes and ultimately taking decisions," Mr Catalano told the news provider.

Mr Catalano believes that the resurgence in interest can be put down to the current strength of sterling and the offering of attractive promotions to buyers.

The news could lead to an increase in the number of individuals looking for property in Sicily, with the destination boasting a rich and unique culture which makes it a popular tourist destination.

Meanwhile, foreign exchange specialist Moneycorp claimed that the weakened euro was likely to entice investors to eurozone destinations, such as Italy.

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