Italy property buyers ‘need to be patient’

Posted by: Sharm Enterprise | Posted on: January 6th, 2012 | 0 Comments

Investors seeking property in Italy should be patient when it comes to identifying the perfect residence to purchase.

This is according to Crown Relocations senior move manager Kimberley Millhouse, who said Italian properties are generally compact in size, depending on where they are situated.

“Apartments don’t usually have many bedrooms and villas often have small gardens,” she remarked, adding: “In addition, most apartments won’t come with a car park, so it may be necessary to rent a space nearby.”

Now may be a good time for buyers to invest in Italian real estate as prices remain stagnant.

Figures released by Nomisma last year showed house sales fell by 6.6 per cent in the 12 months to the second quarter of 2011, with values dropping by 0.6 per cent on a nominal basis in 13 large cities, Global Property Guide reported.

Nomisma said it expects property prices to continue to decrease in the near future.

Article source: http://www.propertyshowrooms.com/italy/property/news/italy-property-buyers-need-patient_311845.html

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