Happy but not surprised to read yesterday article on the Wall Street Journal "Italy Attracts Real-Estate Investors From Abroad".
In a different field – our niche market, Italian second homes – we have observed a solid improvement in the second half of the year.
It is an important trend that consolidates the commercial real estate sector in Italy, which can have a substantial impact on the Italian real estate market more in general, introducing that positive feeling that anybody should re-gain about real estate in Italy.
Property is less expensive now, there is more choice – even though to find quality is always rare – and returns are higher.
Players are less and consequently competition has became weaker.
In addition – as it was noted in the above mentioned article – Italy has a real economy and good quality assets, actually – I want to add – at least in the second home market, it can offer exceptional opportunities in some of the richest areas in Europe, from a history and architecture point of view.
In term of variety of opportunities in relatively short distances, Italy is quite exceptional.
For example, from Lajatico in Tuscany you drive 30 minutes and you are at the sea, and driving from 30 to 90 minutes you go skiing, or playing golf, or visiting extraordinary historic towns like Pisa, Lucca, Siena, Florence, San Giminiano, Volterra etc.
Where can you find this sort of variety in Europe, or maybe in the entire world?
Please feel free to write to me direct to learn more about our Italian property.