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

Oliver Conway
Oliver Conway 18 May 2017

Making a neat inventory is a good idea, but if the seller is not willing to provide it, can the buyer demand it?

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Bertrand
Bertrand 17 May 2017

First step to nationalisation of the private rented sector IMHO. Nanny state poking their noses into things yet again. I object, as a decent landlord, sometimes having to deal with some pretty awful tenants,...

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Izzy
Izzy 16 May 2017

This is such a great a post. I love the detail you've gone into. It's a very useful article for helping those who are looking at deciding which sector they would like to go into! When I first started investing...

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paul burnham
paul burnham 30 Apr 2017

Jeremy Corbyn's pledge that a Labour government would build 500,000 new council houses must electrify the general election campaign. Reliance on markets and the profit motive has brought huge housing-related...

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CommercialTrust
CommercialTrust 28 Apr 2017

Sadiq Khan?s announcement of an online database of landlords and letting agents who have been convicted of housing offences, appears on face value to be a variation of the already implemented Database

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warren
warren 26 Apr 2017

You're very welcome Mary! Glad you enjoyed them :)

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Mary Ward
Mary Ward 26 Apr 2017

Thank you for the wonderful ideas. First impressions can make or break a deal. It's sadly that many homeowners drop the kerb to create an off-street parking space.

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Tony Gimple
Tony Gimple 14 Apr 2017

I'm not at all surprised that so many landlords are still confused about what the tax changes really mean and how it will affect them. In particular, the blind rush to incorporation is leaving landlords...

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MH
MH 13 Apr 2017

You are right that the bank holidays are going to be spoiled in looking for the properties. But people who want to sell their property and looking for the better relocation, they can get benefits of this...

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bnellyb
bnellyb 08 Apr 2017

There will be an exodus of private landlords over the next 5 years as tax changes take effect, private landlords provide an important service to the rental market, why do housing associations and councils...

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Fred Cassman
Fred Cassman 07 Apr 2017

"Make it look like you are at home": often people forget this and share on facebook their location!

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jared townsend
jared townsend 05 Apr 2017

It'll be interesting to see how & if the Government's asset sale regarding mortgages helps

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