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Italian properties 'can be good value for money'

Date : (News Section: Italy)

Italian properties 'can be good value for money'
There are opportunities to find good-value properties in Italy, particularly in the country's rural areas.

This is according to an article in the Nottingham Post, which noted that many buyers in Italy prefer to purchase an existing home in need of renovation, rather than a new-build property.

"Whilst cheap farmhouses are rare in France, you can still find them in Italy," the publication asserted.

It added that the cost of buying a home in Italy has not risen much recently, which makes now an appealing time to enter the market.

In fact, the latest Global House Price Index from Knight Frank revealed the value of residential real estate in Italy fell by 3.5 per cent in the second quarter of this year, compared to the same three-month period in 2011.

Quarter-on-quarter, property prices slid by one per cent, the organisation found, which means the country is faring much better than some of its Mediterranean counterparts, such as Greece, Cyprus, Portugal and Spain.

Article by +James Roberts on behalf of

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  2. 26 February 2014 - Italian Property to See Further Price Falls in 2014
  3. 24 January 2014 - Land Registry Restructuring Means Lower Property Prices in Italian Market
  4. 18 January 2014 - Housing Tax Could Damage Italian Property Recovery
  5. 19 December 2013 - Amalfi coast: Options to suit every budget?

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