Italian property 'still stable'

Italy's property market is a stable one that is not prone to large increases or drops in value, it has been stated.

A Times feature on the country quoted head of Knight Frank's Italian desk Rupert Fawcett as saying: "Historically, property prices in Italy have always held. Italy's second-home market has been largely unaffected by the recession."

While there has been a fall in prices, this trend is now in reverse in the same way British prices are currently increasing, he noted.

Mr Fawcett said popular places for second homes in the country include locations like Lake Como, Venice and Capri.

In September, the paper reported that despite the lack of a major plunge in values, there are still some bargains to be found.

It noted examples of where a relative lack of buyers meant Britons who needed to sell have been finding it necessary to lower their asking prices.

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