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Italy offering 'good investment opportunities'

26 January 2009 10:10

Italy offering 'good investment opportunities'

Silvio Berlusconi's re-election as Italian prime minister has led the managing director of Real Point Property to believe that Italy is a great place to travel to if homeowners are considering buying a new property.

Berlusconi is vowing to stick to the promises he made in his election campaign, one of which includes the abolition of the Italian property tax, which is paid by all Italian land and property owners.

According to the Times, the Tuscan holiday market is still showing no signs of failure, despite the negative exchange rate and the current state of the Italian economy.

And if the property tax is abolished, managing director Edward Crompton believes interest in Italy will increase among British investors especially with the introduction of a new airport.

"The south of Tuscany is particularly of interest because we heard this week that Viterbo airport is set to open. That makes southern Tuscany a lot more accessible," he said.

However, he added that prices for property are likely to increase in the future meaning that buying a property there is currently a good investment.ADNFCR-1320-ID-18576468-ADNFCR