Wednesday, 27 June 2012

Property Sales

We are a leading professional property sales company with a bi-lingual team, who are not only dedicated to finding your ideal home in Italy but also to supporting you throughout the Italian purchase process.

Abode offers property for sale and for rent in Tuscany, Umbria, Le Marche.

Please search our Italian property database for a selection of properties on the market. We do have access to a wider selection of properties, so please do complete our enquiry form in order for us to contact you. Our tailored service also provides you with additional support and will keep you updated on new properties coming onto the market.

Monday, 4 June 2012

Property investment opportunities 'exist in Italy'

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.

Monday, 28 May 2012

Italian Property Market Predictions for 2012

This week we talk to Italian Property expert, Linda Travella, to understand what to expect in the Italian property market in 2012.

I see the market for buying property in Italy staying buoyant for the first 2 quarters of 2012. We already have clients booking to view property for sale in Italy, in January, which is something that does not happen every year, as it is normally a quiet month. The last quarter of 2011 is the busiest it has been for 4 years with a surprising amount of enquires and sales of Italian property. These are not all coming from the UK but from an international clientele, including clients from Russia, Canada, USA, Norway, Switzerland etc. The most buoyant market is from €350.000 to €500.000 and then €750.000 upwards, with various clients in the bracket over €1.000.000.

Linda Travella: In general clients are realizing that they will receive less income by putting their savings in the bank or pensions and have seen over the years that by investing in the right type of real estate in Italy they can obtain rental income whilst using the property themselves. We suggest that to obtain a reasonable capital return, clients keep their Italian property for 3 years but 5 years would be optimum as there is no capital gains tax in Italy after 5 years.

I believe that the first quarter of 2012 will show the same sort of levels of interest as the last quarter of 2011 in Italy, save major economic worldwide issues. I am finding that UK clients that have been interested and viewed in the past are returning to purchase as the sterling is stronger against the Euro. If this continues in 2012 I feel that more UK clients may return in the middle and lower price bracket but I see the higher end of the market continuing to fare the best with UK and international clientele.

Other overseas markets

There is a very mix bag of markets at the moment with clients looking for bargains in Spain and finding them, and the American market seeing an improvement. France is fairly quiet with some good buys to be found on the Coté d’Azur. If you are feeling brave you could try Greece whilst Turkey has seen a downturn in the last 3 years which has not yet recovered.