Posts Tagged ‘Europe Business’

Italian Real Estate Market

Thursday, October 14th, 2010

Are you thinking of relocating to Italy, for business or pleasure, or perhaps purchase a vacation home there? There are many different regions to select from, each with its own culture and climate.

First we will consider in the Tuscany region, which is absolutely gorgeous. There is seamless integration of the beautiful land here and a great variety of homes. You will be fascinated by the tiniest hamlets to largest cities like Florence. A simple walk in the country in this area will lead you through vineyards and forests and past old farmhouses and even castles. This area is also rich in culture, with several museums. Connoisseurs of both wine and fine food will be happy here as well, and for a bit of pampering, you may want to visit one of the many serene spas.

Sicily is the largest island in the Mediterranean Sea, with minor islands surrounding it. A little-known fact is that Sicily is a very multicultural society – it has been ruled by Africans, Asians and Europeans. To round out Sicily’s charm, those who visit and live there marvel in its history, folklore, art and archeology.

Alto Adige, on the northeast coast of Italy has many similarities to its border country of Austria. This reflected in the culture, food and recreational activities in Alto Adige. The terrain here is varied and beautiful, with alpine meadows, snow-capped peaks and waterfalls. In winter, this is a popular skiing destination, while spring and summer welcome many hikers to enjoy spectacular views of both Italy and Austria. There are, of course, beautiful valleys between the mountains.

What most regions of Italy have in common is that you will have a variety of home types to choose from. You can purchase anything from an urban loft or apartment to a farmhouse, villa or Mediterranean style home or mansion. Before settling on a choice of area, take a look at the nearby amenities.

As you can see, there is quite a variety to choose from when considering Italy as a new home or vacation destination. Regardless of what region you choose, you will be making a good investment. Though the Italian real estate market got away far better than other European real estate markets, there are still bargains to be had in this sector. As a matter of fact, a recent study by Banca Monte dei Paschi di Siena indicates that the country is supporting the recovery of the housing market by extending bank credit to new purchasers, making mortgage funds nicely accessible.

There are several things a ‘foreign’ purchaser should be aware of. Italy expansion, via what they call the principle of reciprocity, the right to allow buy of Italian real estate to countries which participate in this reciprocity.

The two main steps of the buying process are usually as follows. The compromesso should and the rogito must be fulfilled – these are the commitment agreement and the implement of the final deed of sale, respectively. There are various taxes, including the VAT tax, that you will need to understand, but a good agent will make the process seemingly painless.

Italy Real Estate – Why Investors Are Flocking to Lake Iseo

Tuesday, March 16th, 2010

The better-known Lakes Como, Maggiore, Garda and Orta draw the international jetset. But growing numbers of property hunters who come to Northern Italy’s Lakes region have instead discovered the delights of the peaceful banks of Lake Iseo nearby, a name that barely registers outside Italy but one that is no less enchanting than Italy’s better known waters.

Additionally, a quartet of international airports are within a 55-mile radius – one in Brescia, one in Bergamo and two in Milan. One clear signal to the mounting attraction of this secret gem is evident in the growing number of cars with number plates from France, Belgium, the Netherlands and Germany on Iseo’s charming lanes and roads in high season.

Stefania Russo of Italian property finders The Property Organiser said: “We’re telling our clients who are considering buying in bigger lakes such as Como and Maggiore to certainly consider Iseo. It’s an area that is relatively unknown, unspoilt by huge numbers of tourists and within good vicinity of a clutch of airports as well as neighbouring Switzerland. We believe the real estate market here will rise in the coming years.”

To buttress the point, property prices throughout Northern Italy’s lakes dropped by more than 4% – plunging by nearly 9% in some parts of Lake Maggiore, a study last year by a leading property in Italy conglomerate revealed. But Iseo was the best-performing lake, with a fall of under 2%. The lake, also called Sebino, is between Lakes Garda and Como and a few miles from Brescia and Bergamo. Milan is 80km away, or one hour by rail and 1hr 30mins driving.

It is Italy’s seventh biggest lake, some 24km by 5km, runs north to south and is overlooked by mountains. It is a relaxing spot for swimmers, divers, sailors, windsurfers, water-skiers and anglers. Iseo’s waters enclose the scenic Monte Isola, with around 2,000 inhabitants. The island, one of the lake’s chief attractions is linked to the shore by short ferry hops. Almost devoid of motor transport, the isle has an oasis-like calm and is perfect to be explored on foot or bicycle. The island is also known net-making industry, which started with fishing nets but later expanded to include hammocks and tennis and volleyball nets.

Returning to the lake’s shores, the most picturesque towns are on the eastern side, such as Iseo, Marone and Sulzano. Iseo has the greatest number of attractions, including an unfinished 900-year old church. The surrounding countryside is dotted with charming medieval buildings that can be found by walking, cycling or, even more leisurely, by horseriding. And in winter, Montecampione attracts hordes of amateur skiers. Consider, however, that with the Alps close by, a number of trekking and riding paths involve steep inclines.