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Italy proving to be popular among British investors

Article Date : 17 May 2010       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

Italy proving to be popular among British investors

Italian destinations are proving to be the biggest draw for British-based property investors, it has been revealed.

According to Overseas Property Professional (OPP), real estate portal Rightmove has reported that the European country has seen enquiries jump 20 per cent in April, compared to last year.

Italy benefited the most from a rapid increase in interest that the website witnessed, with the total overseas searches up 73 per cent.

"There's no doubt absolute traffic volumes are down on the bubble peaks of 2007-08," Robin Wilson, Rightmove's head of overseas, told OPP.

"But there's a ground swell of consumer confidence and resolve amongst serious lifestyle buyers to put into practice the purchase plans they put on hold last year."

Among the Italian regions that saw the biggest increase in interest were Sicily, with 115 per cent growth, followed by Sardinia, Lazio and Campania, which saw rises of between 20 per cent and 30 per cent.

Furthermore, TripAdvisor recently named four of Italy's cities in its top ten Traveller's Choice Destination Awards, with Florence, Venice, Siena and Rome all included.

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