Insurance News Archive

Italy has 'very good buy-to-let market'

There is a "very good" buy-to-let market in Italy, though since a lot of it is seasonal Britons looking to invest in European property should look at areas where tourists are likely to go, according to an expert in Italian property.

Overall the property market in Italy grew 5.6 per cent, according to the Global Property Guide's most recent figures, with the most expensive properties to be found in popular tourist areas.

Mark Slaviero, director of Homes in Italy claimed that overseas investors have to balance the cost of the property with its likely yield.

He said: "In a lot of the regions which rent well, obviously the property prices are higher – for example, in some areas like Abruzzo, Calabria, Emilia Romagna, people have to expect that they're getting reasonable property, but the rental market is not going to be as well established.

"The area which I think ties in is Puglia, because property is reasonable there and is up-and-coming."

He also pointed out Calabria as a region where Italians go on holiday and noted that it could be a good long term investment.

29 Jan 2008