A leading property search portal revealed this year that overseas property investors are returning to established property markets like Italy. The Italian market is thriving because it offers a large number of benefits to investors. Italy is now the most searched for country by Brits looking to invest in property taking 8.5% of all searches on the website. Italy seized the top spot from France which is now placed third with Spain claiming second place.

Recently A Place in the Sun magazine's Top 20 Buying Destinations saw Italy in fifth spot in 2008. Last year Italy was in the eighth spot in overall rankings. The renaissance is due to the fact that overseas buyers are said to feel secure of their investment in the stability of Italian property market.

Foreign property buyer website has reported that many foreign property investors are looking towards more stable economies, good infrastructures, sensible house prices and easy accessibility. Property experts feel that the recent changes to the tax regime successfully cutting the price of property, it could be an ideal time to make a purchase in Italy.

This comes after British tabloid the Telegraph reported that the Calabria region is becoming increasingly trendy among overseas property purchasers, whilst remaining affordable.