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Overseas Property News
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Credit crunch, what credit crunch?
Country: Italy
17 October 2008
The global financial turmoil doesn't seem to be worrying Italy too much, at least that's the message from the Italian government.
Unlike in Britain or the USA, there are no reports in the Italian news of national banks that are in imminent danger of subsiding. And due to strict planning laws in Italy, new builds are not the norm, hence there are no visible problems with oversupply – an issue that has ravaged the Spanish market for example.
Paul Belcher, managing director of Ultissimo Ltd says: “ There is no property price bubble to burst. Prices have grown steadily and seem to be continuing to grow – although perhaps a little less rapidly than they might otherwise – and show every sign of continuing to make steady progress.”
He adds: “In terms of international image and attraction, Italy has probably never fared better. It is not possible to create new renaissance cities and medieval hill towns, so the unique historic attractions ensure that Italy’s lure will remain strong.”
Ultissimo are developing The Rancale area which comprises eight newly restored properties, all with private gardens. Three of the eight properties remain on sale with prices ranging from around £241,000.
Browse other Italian property news stories, read articles about investing and buying property in Italy or view our range of property in Italy.
Some properties in Italy
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Price: £36,220
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Type: Townhouse
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Bedrooms: 2
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Excellent opportunity for those on a small budget to acquire a good size holiday home in this traditional Sardinian town between the sea and mountains.
Town house in excellent condition requiring little improvement to turn it into a comfortable home.
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View details | Enquire further
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Price: £44,269
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Type: Apartment
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Bedrooms: 2
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Spacious first and last floor apartment with independent access and panoramic roof terrace in the characteristic town of Jerzu on the east coast of Sardinia with easy access to mountains and beaches plus all the local facilities just a 10 minute
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View details | Enquire further
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Price: £44,269
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Type: House
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Bedrooms: 2
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Town house in the centre of Arzana ripe for modernisation. Located on the East coast of Sardinia, Arzana is an appealing Sardinian mountain town with far reaching views of the coast. This town house presents an ideal opportunity to easily add value .
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Price: £48,294
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Type: House
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Bedrooms: 4
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Jerzu, three storey town house in the centre of this picturesque traditional town, famous for rock climbing and its Cannonau wine, perched on the side of the hills near the Gennargentu mountains yet just 20 minutes from the stunning coast of
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Price: £49,098
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Type: Apartment
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Bedrooms: 1
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Residential For Sale - Apartment - Deposit: EUR 30500 EUR61000 - Lamezia, Calabria.
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Price: £52,318
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Type: House
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Bedrooms: 2
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Delightful old stone built property sympathetically renovated 3 years ago maintaining original features. Also benefits from 2 large terraces and private garden rarely found in this town centre location. Plus fabulous views over the valley and coast.
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Price: £56,343
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Type: Apartment
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Bedrooms: 3
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Spacious first floor apartment, with picturesque mountain and sea views, in the typical Sardinian town of Ilbono in Ogliastra on the east coast of Sardinia.
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Price: £61,172
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Type: House
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Bedrooms: 2
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200 year old town house in the village of Padria 30km from the long sandy beaches of Bosa on the western coast of Sardinia and just 60km from the airport of Alghero. Deceptively generous accommodation with an enclosed rear courtyard and garden.
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Price: £63,587
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Type: Apartment
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Bedrooms: 2
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Residential For Sale - Apartment - Deposit: EUR 43,000 EUR79000 - Capo Vaticano, Calabria.
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Price: £66,001
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Type: Apartment
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Bedrooms: 1
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Residential For Sale - Apartment - Deposit: EUR 41,000 EUR82000 - Tropea, Calabria.
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Prices from: £126,400 Bedrooms: 2 & 3 Fully equipped kitchen, private balcony & terrace, parking bay, roof swimming pool. Marble floors & walls in bathroom.
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Price: £688,000 Bedrooms: 4 Bathrooms: 3 Beachfront: 15 mins from town centre, 800sqm furnished villa with ground floor terrace, aircon, pool.
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Price: £177,500 Bedrooms: 2 Bella Maya Resort: 400ft of private Caribbean beachfront. Ideal holiday home or exciting investment opportunity.
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Prices from: $39,900 Hotel Suites with bathroom 300 days of sunshine pa. Purchasers earn revenue on their suite + the entire hotel. Returns in excess of 20%.
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Price: €185,000 Bedrooms: 4, 2 ensuite showers Private sauna, garden, terrace. Metres from Super Borovets ski gondola & golf course. Surrounded by pine forests.
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Price: £138,000 Bedrooms: 1 Residence Prokopova: 5 minutess from city centre. Designed by award winning architects. Next to bus & tram.
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