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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Latest Comments

Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

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Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

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Chris
Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

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Christian Donovan
Christian Donovan 18 Aug 2017

The write-down on house values, combined with the fall in the GBP saddled the fund?s property portfolio with a 1.4% loss in the second quarter. The shocking amount of $240 million.

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Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

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