Italian property stays stable

Property prices in Italy have continued to rise at the same level as a year ago, new research has found.

Knight Frank's Global House Price Survey figures for the second quarter of 2008 found that annual Italian property price inflation stood at 5.4 per cent in this period.

This was unchanged from a year earlier, indicating that while other markets had moved up or down, Italian property had stayed at the same level of value appreciation.

Such a trend may appeal to those who like stable investments in overseas property.

One location where some may wish to invest is by the banks of Lake Tramasemo in Umbria.

Situated only 30 minutes away from Perugia Airport, properties can be acquired with a lake view from around EUR310,000 (GBP252,000), Homes Worldwide reported last month.

The portal reports that the area has outstanding scenery, clean lake water and many vineyards.