Telephone Number Tel: (+34) 952 471 774 | UK Freephone UK Freephone: 0800 047 0597 | US Toll Free US Toll Free: +1-866 656 7152
Find Property For Sale in:

E.g. "Marbella" or "Manchester". Looking for more search options?
 
Secure Exit Strategy


Tuscan property is perennial favourite

Date : (News Section: Italy)

Share
Tuscan property is perennial favourite If you're looking for Italian property with considerable letting potential, location is everything and as Tuscany is one of the country's most popular regions, it is well worth exploring. In fact, in 2011 Knight Frank reported its busiest year yet for real estate in the region and while prices continue to fall, there are plenty of bargains on offer.

Continued verve for Tuscany among holiday makers and investors also means that the market remains fairly stable. Properties in the €750,000 (£650,204) to €4 million (£3.4 million) price bracket remain the most popular, with a large proportion of buyers targeting the wider Chianti region and the southern Tuscan/Umbrian borders. Restored homes with secondary guest accommodation are also sought after, according to Knight Frank.

So why do investors and holiday makers find themselves drawn to Tuscany? Sonia Tardetti from The Property Organiser explained to A Place in the Sun that it is the essence of the region that pulls people in. "Even if you have never been there, it is one of those places that tugs at the heartstrings," she said. As a hub of culture and the home to breathtaking landscapes, it is not hard to see why.

“Once you have been there, you will start looking for an ‘excuse’ to move to Italy. And whatever the scale of your Tuscan renovation dream, one thing is clear: there has rarely been a better time to make it come true,” Ms Tardetti explained.

This is partly thanks to the market's determination to attract new investors and fractional ownership is just one alternative being explored as a means to increase activity. The Global Property Guide reported that more and more people are looking to move to Italy but the financial crisis is putting a halt on investment. With fractional ownership people can purchase a share in a residence, giving them access to the property for a set number of weeks per year and access to all amenities.

Article by +James Roberts on behalf of Propertyshowrooms.com News Desk ()

You may also like to read...


Got something to say? Get involved


Related Articles

  1. Mixed results for Italian prime property performance
  2. Italian property needs support, says minister
  3. Buyers get bargains in Sicily
  4. Fractional ownership: The next big thing in Italy?
  5. Germans snapping up Italian property



Let us search for you Let Us find Property in Italy for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Italy.
Let us searchHelp me find property in Italy
Get a furniture removals quote

Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Italy
Channel: All

More RSS FeedsGo

View News by ChannelProperty News in Italy

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo