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House prices to grow in Italy

Article Date : Friday, December 07, 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

Overseas property investors in Italy could be set to benefit from a property boom, according to an expert.

Speaking to the International Herald Tribune, real estate agent Marco Tirelli said that improvements to the transport network were likely to have a significant effect on house prices in the affected areas.

Specifically, he stated that the extension of Italy's high-speed rail service would lead to property values in popular tourist spots along the coast to increase.

Mr Tirelli told the newspaper that the accessibility improvements would lead to a housing boom comparable to that caused by budget airlines.

Carriers such as Ryanair have been widely credited with triggering a surge in house prices in those places that they have begun to service.

For example, the airline recently started offering flights to southern Italy, leading to a rush of interest in the province of Calabria among tourists and foreign property buyers.

The carrier recently said it was planning to upgrade and replace parts of its fleet next year, as well as introduce extra aircraft to handle the additional routes.
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