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

MBM Homelets
MBM Homelets 23 Mar 2017

Although this is a very positive step, there is little or no guarantee of the standard of workmanship employed by the tenants. We have had experience of a professionally decorated property being ' painted'...

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ajay
ajay 21 Mar 2017

How is the "robust evidence" looking now?

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NathanG
NathanG 20 Mar 2017

I've been watching the series so far and am completely baffled by the cases that were presented. Though, I don't think that we can protect ourselves from every scam possible - it will just make the scammers...

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Landlady14
Landlady14 01 Mar 2017

You would think so Niraj Shah! My experience only proves that there are varying qualitiers of professional in all aspects of property letting. None of the ones I have dealt with, from letting agents to...

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Mark
Mark 01 Mar 2017

Thanks for this article. Hopefully one day everybody's lifestyle will be eco-sustainable.

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Ben Taylor
Ben Taylor 28 Feb 2017

I was convinced that London was the most expensive!

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Alan Read
Alan Read 28 Feb 2017

Australia are leading the way in this I think. The trouble with Britain is we don't get enough sun to make use of solar power.

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James Powell
James Powell 27 Feb 2017

This is a very good news.

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DanHumphreys
DanHumphreys 27 Feb 2017

It sounds like a good idea. Anything to help the younger generation get a foothold.

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Matt
Matt 20 Feb 2017

Is this fake news?

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Matthew Hollywood
Matthew Hollywood 07 Feb 2017

Matthew Hollywood - Director Mishon Mackay Land & New Homes - Brighton The shortage of New Homes is in part effected by the lack of land sales. Land sales are held back because there is a disparity between...

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CommercialTrust
CommercialTrust 30 Jan 2017

Hi Graham, Would be interesting to see the above figure calculated against an investment via a Lt Company /SPV structure and if the investor found themselves pushed in to the higher tax bracket. Mortgage...

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