Discounts on property available from fellow Britons
09 September 2009
Property buyers looking find a bargain property in Italy may find fellow UK citizens are the best source, it has been suggested.
In a feature on overseas property discounts, the Times noted that sellers are looking to drop prices to be able to dispose of their assets, even though the country has not seen a severe market slump.
The paper reported on the case of Edward Mayhew, who ran a Tuscan estate as a wedding reception venue with his wife until she died last year.
Mr Mayhew is now looking to sell up and move top Florence and has cut the price by 50 per cent to get a buyer.
He remarked: "I'm philosophical about having to drop the price so much. It's simply a necessity if I want to sell."