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Italian luxury property market not affected by new real estate tax

Posted on 23 November 2012

Property buyers are more cautious when it comes to investing in Italian real estate due to the challenging financial outlook in the country. However, the wealthier individuals from across the world still believe that it is among the best hotspots for second homes.
Unlike some of the other European countries such as Spain, Italy has not experienced a real estate market bubble before the outbreak of the economic crisis in 2007. Although official reports suggest a 10.5 per cent drop since the peak prices in Q2 of 2008, real estate analysts say that prices have actually decreased by 30 per cent over the past five years………………………………………..Full Article: Source


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