Real Estate & Construction News in Italy from Propertyshowrooms.com

Italian to develop village in Pärnu County

Mon, 8 Sep 2008 00:00:00 GMT

An Italian real estate developer Riccardo Lelmi wants to build a village in Pärnu County, ERR News writes...

Calabria offers "unique charms"

Wed, 22 Aug 2007 00:00:00 GMT

Calabria in southern Italy could provide significant investment opportunities to property buyers, according to one expert.

Overseas Property UK claims that the area remains underdeveloped, yet new low-cost flights provided by Ryanair mean that the area is now accessible to UK tourists and investors.

The company believes that Calabria could soon emerge as the next "growth area" in the European property market.

Debbie Espin, director of Overseas Property UK, says: "With its unique charms and accessibility from the UK, Calabria should become a good opportunity for people looking for something a little different in European property."

Mike Dunkerley, director of The Global Property Group, recently suggested that Calabria offers properties at much lower prices than other areas of Italy, while the government is actively seeking to develop the region.

Most people buying in southern Italy are likely to make a profit on their investment, "whatever else happens", he stated.

Southern Italy experiencing 'strong development'

Mon, 13 Aug 2007 00:00:00 GMT

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.

Italian market "riding high"

Fri, 13 Jul 2007 00:00:00 GMT

Rich heritage and culture is at the heart of the real estate boom in Italy, according to a property expert.

Eddy Crompton, Director of RealPoint Property, says that a number of regions that have been passed over in recent years are experiencing increased interest from property developers.

And the low cost of new developments will attract people into areas such as Mare Luna and Pollina Cefalu, he predicted.

"Sicily is one region that has perhaps been overlooked in recent years, but now it is coming to the fore and interest in this island, that is host to medieval villages boasting a wealth of heritage and culture, is starting to increase," Mr Crompton told Homes Worldwide.

"The cost of living here is very competitive when compared to similar islands such as Crete."

A strong rental market and excellent potential for capital growth is also likely to attract investors looking to profit from the tourist ecomony, he added.

Data from the Association of International Property Professionalsin 2006 revealed that Italy was the fifth most popular destination for UK buyers.

Milan seeing new development

Wed, 11 Jul 2007 00:00:00 GMT

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.

Spanish property firm extends its overseas portfolio

Fri, 13 Apr 2007 00:00:00 GMT

The Sara Service Spain, a Spanish property listings web site, has added overseas investment developments and homes to its online portfolio of property in Spain, it has emerged.

Property investors can now avail themselves of a wide range of international investment opportunities ranging from Italy to Malaysia to Brazil.

The expansion of the company's portfolio follows a recent partnership deal with the Superior Overseas Property Network.

Commenting on the nature of the overseas market, a spokesperson said: "Buy-to-let has become a fantastic investment opportunity for property investors the world over.

"In recent years better access to travel and property information has opened up exciting new properties in Morocco, Italy, Portugal, Spain, America, Canada, Egypt, Brazil, Malaysia and the Caribbean."

According to news website Easier, overseas buy-to-let now has mainstream appeal thanks to an increase in the number of routes covered by budget airlines.