About Italy
Once a part of an empire that stretched across the globe, Italy today is a treasure hove of more than 3,000 years of history and an atmosphere that ranges from the Armani-wearing-scooter-driving-espresso-drinking buzz of its cities to the quiet hillside olive farms and seaside fishing villages.
From the stunning historical monuments of Rome, the canals of Venice, Renaissance beauty of Florence, stylish boutiques of Milan to the sun soaked shores of the Amalfi coast and the rolling hinterlands of Tuscany, Italy offers its visitors everything, from beach holidays to luxury mountain ski resorts.
The contrasting nature of Italy’s regions also provides a real diversity of property types, from city-centre pied-a-terre to modern frontline beach apartments and large country estates in Tuscany. The vast majority of properties that come onto the market are resales and mostly outside of the main urban areas. City properties are expensive, but can be ideal buy-to-let opportunities.
While those buying in the north of the country and around the Italian lakes can benefit from both the summer sun and winter ski seasons either for personal use or rental potential, property prices generally drop the further south you go. Fresh areas experiencing new popularity include Sicily, Puglia, Le Marche, Abruzzo and Sardinia. Properties in these regions can be found from rock bottom prices up into the millions.
With no capital gains tax due on Italian property, high capital growth and a strong tourist market, many investors are discovering that Italy provides a great opportunity to employ their particular investment strategies.
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