Weakened euro could make Italy popular with investors

UK-based investors are likely to capitalise on the weak euro and look to purchase property in eurozone destinations, it has been suggested.

Foreign exchange specialist Moneycorp has claimed that sterling has been benefitting from various economic forecasts which predict that the UK recovery is under way.

"In contrast, the euro has continued to weaken," David Kerns, head of private clients at the company, explained.

"The increase in the sterling/euro exchange rate would have made properties within the eurozone an increasingly more attractive prospect for euro buyers."

News that real estate in the region is likely to be cheaper is sure to interest potential investors in Italy.

And as a result, there could be a rush of homes for sale in Campania, with the destination home to some popular tourist attractions.

According to Overseas Property Professional, real estate portal Rightmove's April index saw enquiries jump 20 per cent in Italy, compared to last year.

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