Insurance News Archive

Italian property to grow for at least 2 years

The Italian property market is set to recover from its recent slowdown in growth, one leading overseas property advisor has claimed.

Rhiannon Williamson, director of Amberlamb, noted that the country has enjoyed a "straight eight year run" of property price growth, so it is only natural that a short cooling-off period should take place.

Looking forward to the next two years, however, she said that renewed international demand would fuel steady real estate growth in the Mediterranean country.

"The market is still supporting overall capital appreciation," Ms Williamson insisted. "Many experts predict that while the rate of growth has slowed, the fundamentals are in place for there to be a chance of growth for at least the next two years."

By the end of this year, it is estimated that Italy will have enjoyed an almost 30 billion euro hike in the value of real estate since 2001.

Though Italy's overseas property market has never enjoyed the booms of Spain, France and Bulgaria, its reliable underlying capital growth has consistently been a major pulling point for investors.

27 Nov 2007