Nicholas Wallwork
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Property investors seeking holiday homes that they can also rent out for an income are looking at Italy where price reductions of between 10 and 20% are tempting them back into the market, it is claimed.
The property market in Italy is weathering the global economic downturn better than many other European countries and is close to bottoming out, according to real estate expert Linda Travella. ‘I have been marketing homes in Italy for 22 years so have sold through recessions before. What is different this time is that it is global,’ she explained.
‘However, Italy is a country that was not high on bank borrowings so did not suffer the brunt of the world economic downturn and has therefore remained remarkably buoyant,’ added Linda, director of Italian property specialists Casa Travella.
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The property market in Italy is weathering the global economic downturn better than many other European countries and is close to bottoming out, according to real estate expert Linda Travella. ‘I have been marketing homes in Italy for 22 years so have sold through recessions before. What is different this time is that it is global,’ she explained.
‘However, Italy is a country that was not high on bank borrowings so did not suffer the brunt of the world economic downturn and has therefore remained remarkably buoyant,’ added Linda, director of Italian property specialists Casa Travella.
