Please enter your username and password here:Forgot Password?
Please enter your details here:or Login
By Fernand Gagnier, for ExpatBriefing.com
21 November, 2014
Knight Frank, an international real estate agency, says that Britons are increasingly purchasing Italian property. The agency expects next year's Universal Expo in Milan to generate extra investor interest.
According to the agency, UK expats are currently their top purchasers for properties in Tuscany, Florence, and Umbria, and second – behind Italians – for the Italian Lakes, Rome, and Sardinia. There is also some interest from British buyers for properties in Venice and Liguria.
Rupert Fawcett, who is a Partner in Knight Frank's Italian team, said that foreigners buy properties in Italy primarily as a lifestyle choice, rather than as an investment. However, he predicted that the Universal Expo will lead to investors perceiving better value in the Italian market, and he explained that there is already rising interest in Italian property for commercial and residential property from investors from China and other Asian markets.
He added that there has been a recent upturn in interest for Rome, Venice, Milan, and Florence, but that prices are expected to remain stable for at least the next few years. Fawcett also noted increased demand in the semi-commercial vineyard market, with buyers seeking a holiday home that also generates income.
About | Useful Links | Global Media Partners | Media | Advertising And Sales | Banners And Widgets | Glossary | RSS | Privacy & Cookies | Terms And Conditions | Editorial Policy | Refer To A Friend | Newsletters | Contact | Site Map
Important Notice: Wolters Kluwer TAA Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. © Wolters Kluwer TAA Ltd 2017. All rights reserved.
The Expat Briefing brand is owned and operated by Wolters Kluwer TAA Limited.