Over the coming weeks we will be posting data on real estate sales in Italy. We hope you will find this information interesting. Since 2008 the market has contracted and Italian property prices have dropped by 10% to 30%. However in some areas that drop has been greater. The middle to lower end of the market is presently stagnant. Where we have seen an increase in demand is in the Luxury Italian property market. Good restored properties have bucked the trend and retained their value. This is because there are only so many beautiful hilltops available and building restrictions dictate that new buildings cannot gain planning in areas of natural beauty. Tuscany and Umbria are the strongest areas with Umbria now competing with its neighbour.
If you would like the latest news please call us directly. If not, the first report will be ready in a couple of weeks.
The Abode Team.