Italy Property Investment News

Italians optimistic about housing market

Italians optimistic about housing market

Most homeowners in Italy believe that property values are set to go up over the next few years.

According to the Financial Times, many people are expecting to see a slowdown in the housing market over the next 12 months, with prices either dropping or remaining unchanged.

However, the gloomy short-term outlook has not dampened people's optimism for the market's performance over a longer period of time.

Indeed, 64 per cent of homeowners expect house prices to be higher than they are at the moment by 2013.

This could be good news for overseas property buyers who are considering an investment in Italy, as it suggests it could offer good capital growth potential.

According to figures from Holiday-Rentals, more than one in ten European properties that are owned by Britons are located in Italy.

This puts it ahead of many other investment hotspots such as Portugal, Greece and Cyprus.

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