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Investors eye 'long-term' Italy

Jaimie Kanwar

A new survey has revealed that homeowners in Italy are taking a long term view on property growth.

According to the recent poll by the Financial Times:

- Nearly two-thirds of people in the country believe property values will have gone up in five years time.

- Most Italian respondents want the government to do more to support homeowners, such as reducing property taxes.

-  Homeowners have a less than optimistic outlook for the year ahead, with most expecting the market to slow to a halt.

Nevertheless, the long-term predictions should be welcome reading for those who own property in the country, as well as those who are thinking about investing in the market.

Sarah Ferrara Director of Garda Homes commented: "With so many people now actively pursuing an overseas property investment, many have become aware that traditional markets such as Italy offer by far the best route to market.

"Italy is an established market that sees strong growth each year and is backed by an impressive rental market which is imperative to those who are looking to finance their property for the duration of their investment.

"To be successful in the overseas markets, property investors have to do their homework and they need to be sure that the country they are investing in has the right ingredients to safeguard their investment. Italy ticks all the boxes!"