Recent research has indicated that there has been a significant increase in the number of British buyers looking for higher priced properties in the Italian real estate market according to a report on propertywire.co.uk
According to the report, the research undertaken by Gate-Away, the online property market that promotes Italy’s property market, indicated that interest in the higher valued properties has almost doubled in the past year. The average value in the first quarter of 2015 was around 324,000 Euros compared to 190,000 Euros for the same period last year, with the number of enquiries for properties under 100,000 Euros also seeing a drop. Overall the number of enquires rose by 87.5 per cent for the same periods.
Simone Rossi, commercial director of Gate-Away said: “The average value of the Italian properties sought by the British has grown tremendously in this first quarter, and even beyond the depreciation of the Euro against the pound,”
Rossi also added: “More and more Brits than ever are being driven by the favourable economic climate and are finding that the Italian real estate market is far from inaccessible and beginning to consider the idea of buying a house in Italy very seriously,”
The research indicated that the UK still provides the most enquiries with Puglia now the most popular region pushing Tuscany down into second place.
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