Italian property market is stable and still popular

Individuals looking to invest in a stable property market should head to the Italian coast to enjoy rural living, it has been claimed.

According to a report by Country Life, two areas that have remained resilient during the global economic crisis are the region of Tuscany and the Alpine Lakes.

Jelena Cvjetkovic of Savills confirmed to the publication that the cost of property in the country had held firm in comparison to its European neighbours, which have faced severe financial difficulties.

She continued: "In the main coastal and mountain areas, the drop in transactions was moderate and prices fell by only five to ten per cent on average compared to 2008, confirming the passion for holidays in Italy and quality of lifestyle."

The report highlights that the Tuscan countryside offers a particularly attractive option for individuals looking to buy property, combining cultural and historical appeal with reasonable prices.

Investors in the region will be bolstered by news that Italy is the fourth most lucrative country in the world for tourism.