This is according to an article in the Nottingham Post, which noted that many buyers in Italy prefer to purchase an existing home in need of renovation, rather than a new-build property.
"Whilst cheap farmhouses are rare in France, you can still find them in Italy," the publication asserted.
It added that the cost of buying a home in Italy has not risen much recently, which makes now an appealing time to enter the market.
In fact, the latest Global House Price Index from Knight Frank revealed the value of residential real estate in Italy fell by 3.5 per cent in the second quarter of this year, compared to the same three-month period in 2011.
Quarter-on-quarter, property prices slid by one per cent, the organisation found, which means the country is faring much better than some of its Mediterranean counterparts, such as Greece, Cyprus, Portugal and Spain.