Investors who know where to look will still be able to find favourable opportunities to put their money into Italian real estate.
Speaking to Financial News, head of property fund management at Schroders Neil Turner highlighted retail assets in the north of the country as one area to watch, adding his firm is "very happy" to consider investing in Italy's property sector at present.
"I think there has been a little bit of re-pricing of real estate, perhaps not as much as everyone on the buyside would have liked, but Italy is a really interesting one," he told the publication.
Mr Turner and his colleague at Schroders Mark Callendar recently came up with some advice for those considering investing in European property markets.
The experts acknowledged caution is necessary when putting money into peripheral economies, like Italy, but the pair stressed certain sectors - like northern Italy's retail industry - are worth looking into due to their "fundamental attractions". A lack of supply of modern retail premises and wealthy households were cited as two reasons why this region of the country offers opportunities.