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
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.