07.11.2012 - Italian property market expected to make amends soon
Prices of residential properties in Italy have dropped by around thirty per cent since Q2 of 2008. However, the luxury property industry has proved its resilience despite the current crisis, according to Knight Frank’s latest insight report. Prices have fallen by around twenty per cent in some of Europe’s luxury real estate markets. The Euro’s decline as a currency in the first six months of 2012 is identified as the factor responsible for provoking interest in the continent’s real estate from an increased number of buyers from outside the Eurozone. Demand for Italian properties that are worth more than three million Euros is strong, and nationals of some European countries are in the mix for good deals...............................................Full Article: Source
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