I would like to share with you a message recently exchanged with a nice lady who is looking to our properties in Italy but experiencing some delay selling a property in her home country.

"I understand where you are coming from, in the last couple of years I have seen markets being slow but certain markets outside of Italy being particularly slow, and often people wish to sell before they buy. In Europe the weakness of the Pound adds to this too.

We do our part by:

1.    Asking only 25% of the purchase price when you exchange contracts so that you can pay the rest upon completion and delivery of your home.

2.    Offering our buyers to get in contact with local banks, who will look into the application to get some of the purchase price financed (for an European applicant could be up to 75% depending on his/her actual financial situation).

3.    Offering a guaranteed rent return for two years after your purchase, should you wish to rent your property out. The fact that our Italian properties are properly managed makes it well possible.

In my opinion these three aspects (low deposit, local financing and rental guarantees) could make your decision easier even though the circumstances are not ideal. Since deliveries of the first homes in Ville degli Olivi and Borgo in Chianni are scheduled for Summer 2011, things have time to improve - as analysts expect - and your effort will be limited to a small part of the purchase price only (basically starting from under 60,000 for a one bedroom flat either a home at Ville degli Olivi or Borgo in Chianni)"

I think this can be of interest to many people considering a home in Italy.

Your comments will be extremely welcome.

Very best regards,

Luca

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