May 25, 2008

The World's largest suspension bridge boosts Sicily's property market


Overseas Property Professional (OPP) has recently reported on the new development of a bridge between Sicily and the mainland and the growing demand in the property market on the island. Italian government has assured over €4 billion funding to perk up the state of Italy's transportation network. The originally shelved road-rail bridge plan has been brought back to the forefront.

News agency Reuters reports that Italy’s largest developer Impreglio confirmed the news and the world's largest suspension bridge, built at an estimated cost of over €3 billion is underway. Multi-national Impreglio is heading the consortium of the bridge construction.

Jeremy Smith of Sicilypropertyco.com told OPP that the new government has pledged a lot of money to help Sicily with the suspension bridge. Smith also commented on the demand for property on the island that UK investors are top players in the Sicily property market and the bridge will enhance the appeal of Sicily from a property buyer's perspective.

Property experts has said that there has been an explosion of interest in the Sicily region in recent times as it offers a number of attractions to investors, including lifestyle benefits , good weather, leisure facilities and the potential to collect high returns.

Sicily region is particularly popular with "insightful" investors and second home buyers, as they are aware of the opportunities it presented.

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