Ian MacPhail, director of Buyinitaly from Scotland has said that east coast of Sicily is a fast emerging property market to look for the property investors. Considerable capital growth and Rental potential are the important factors of rising property prices.
He added that still the property prices are comparatively affordable for the investors and infrastructure facilities are good.
Sicily has the unspoilt Italian life that has started to sense the full effects of the international property boom. Mr.Macphail continued that prices in village in eastern Sicily when calculated per square meter have almost doubled.
Catania's Fontanarossa airport, now served by daily British Airways and Air Malta flights. In the last five years the airport has got developed four times of its normal capacity and attracting large number of airlines and the increased number of visitors to the island.
The possibility of a bridge between Sicily and mainland Italy also may affect the increase of prices and has opened up the property market. IKEA is planning for a new store in Catania soon shows the anticipation of market growth in Sicily.
Sicily is the largest island in the Mediterranean basin surrounded by a number of smaller islands separated by mainland by Strait of Messina. It attracts a wide range of holidaymakers and overseas property investors.
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