Investors say Sì! to Italian property

Investors say Sì! to Italian property

According to TheMoveChannel.com's latest Top of the Props report, Italy climbed four places in August, re-entering the top five most popular destinations and claiming the coveted third spot.

Italy accounted for 3.34 per cent of all enquiries last month, up from 2.37 per cent in July, enough to see the country leapfrog Portugal, France and the UAE to become the third most sought-after destination for foreign buyers. August's rise marks the second month of growing interest in a row, after Italy climbed one place in the rankings in July. In real terms, enquiries for Italian property surged 40 per cent in August month-on-month.

Italy was accompanied by Portugal, which also rose one place to re-enter the top five, with 3.07 per cent of enquiries. With Spain retaining its second place and France also rising from eighth to seventh, buyers remained as keen on European property as ever: the continent accounted for five of August's Top 10 countries.

Appetite for Turkey also rebounded, with the country soaring 13 places in the chart to become the fourth most popular destination on TheMoveChannel.com. This is the first time Turkey has been ranked in the top five countries on TheMoveChannel.com since March 2016. It accounted for 3.21 per cent of enquiries last month, its highest share of activity since January 2016.


The surge in demand for Turkey arrives as the country enjoys the fastest-rising house prices in the world. According to Knight Frank's Q2 2016 Global House Price Index, Turkish property values rose 13.9 per cent year-on-year.

Other notable climbers in August include: Brazil, which saw an Olympic boost push the country up three places into ninth; Australia, which rose six places to take the 11th spot; Canada, which jumped up three into 12th; and Thailand, which rose three places to re-enter TheMoveChannel.com's top 15 destination for the first time since April 2016. The Philippines has also become a favourite among investors this year, with the country appearing in TheMoveChannel.com's Top 10 for the fourth month in a row.

Dan Johnson, Director of TheMoveChannel.com, had this to say: "Italy remains one of the most desirable places in the world, but the country's housing market has enjoyed a boost in appeal this year, thanks to its low mortgage rates and favourable new tax rules. With the euro weak against other currencies and Italian house prices still low, the country is very affordable for overseas buyers. For investors seeking more immediate capital growth, though, Turkish property has consistently proven an attractive option, due to rapid house price growth fuelled by a growing population."

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brandonlee10
brandonlee10 24 Jul 2017

The financial ramifications of the triggering of Article 50, the starting gun for Britain's departure from the EU, are far from clear. Buyers will be most cautious in London, given that buying a home in...

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IrisJ.
IrisJ. 19 Jul 2017

Great advice, but may I also add that when buying an already built home, make sure you do all of the proper inspections. Most importantly pest inspection because people tend to get surprised when they

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IrisJ.
IrisJ. 17 Jul 2017

The third point is, in my opinion, the most important one. People have become too inconsiderate and careless when it comes to rented properties. If a landlord wants to protect their property, regular visits...

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cornishalan
cornishalan 10 Jul 2017

Added to the cost of purchasing these village properties are the above average maintenance costs. Particularly where the property is a listed building or requires specialist building skills such as thatching...

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Jo Mullett
Jo Mullett 07 Jul 2017

Here in Swansea, known as the Japanese knotweed capital of the UK, it never fails to amazes me that people have no idea of the potential problems this invasive non-native plant can cause when buying or...

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NathanG
NathanG 05 Jul 2017

McDonalds, for example, have been purchasing their real estate on prime locations for years. If something happens to the company they'll have invaluable assets that will be able to save them. We might

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Jonah
Jonah 04 Jul 2017

Graham: surprised to see you cite the "extra tax liability" as capping out at ?560. It doesn't - the extra tax is exponential, as it is levied on the income (i.e the inflating level of rental income you...

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Dianne Griffen
Dianne Griffen 29 Jun 2017

Be very wary of anyone bringing you deals that they have ?found? and want to ?sell on to you? or ?joint venture? with you on ? you need a proper legal contract for this, involve a RICs surveyor to confirm...

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jason hadzikostas
jason hadzikostas 28 Jun 2017

The most important thing is a budget. Students have to manage their spendings in food, house maintenance, books and many other things. According to me, student Studios are the perfect option for them as...

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SecomTech
SecomTech 22 Jun 2017

AT Last...This was discussed years ago and there was a move towards landlords registering their bad tenants on a database..(can't remember where) It seems a logical step though our leaders will probably...

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Bertrand
Bertrand 02 Jun 2017

How about the Welsh Govt introducing a scheme to protect landlords against "rogue" tenants who are then taken to court for criminal damage to the properties they trash. Pretty unlikely I suspect and politically...

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AmberMorris
AmberMorris 25 May 2017

"Please don't pick a novelty tune-playing doorbell. They're not 'fun'. They're stupid." Laughed a lot to this. It's actually true, though.

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