Improvements to the transport network are likely to make property investment in Italy more attractive to buyers, according to experts.
Mauro Moretti, CEO of Ferrovie dello Stato (FS), the state-owned company that runs Italy's railway system, is set to launch a tender offer worth over 1 billion euros for trains to run on its high-speed rail network. Moretti has stated that the tender for about 50 trains will be launched in July or September. The Milan and Bologna high-speed train link will open on December 14 this year while the Milan-Rome link will be ready in December 2009.
The rail links will be fully integrated into the existing transport infrastructure and this ensures that visitors to Italy can enjoy swift connections between strategic locations and reduce journey times between these locations and potentially make places along the line more desirable places to live. Property experts believe that as a result of the new train services many places along the various routes will become more desirable as a result. This means that house prices tend to rise in areas that are made more easily accessible.
Property expert Mr. Jervis has said that for time-starved commuters proximity to public transportation links is highly desirable and boosts house prices in the immediate area significantly.
Mr. Moretti further added that the government plans to run trains every 15 minutes once the Milan-Rome link is ready and already 50 billion euros have been invested in building Italy's high-speed train network. The improved accessibility could prove attractive to tourists and overseas property investors. The new rail links are expected to broaden the range of travel options available to consumers.
Mauro Moretti, CEO of Ferrovie dello Stato (FS), the state-owned company that runs Italy's railway system, is set to launch a tender offer worth over 1 billion euros for trains to run on its high-speed rail network. Moretti has stated that the tender for about 50 trains will be launched in July or September. The Milan and Bologna high-speed train link will open on December 14 this year while the Milan-Rome link will be ready in December 2009.
The rail links will be fully integrated into the existing transport infrastructure and this ensures that visitors to Italy can enjoy swift connections between strategic locations and reduce journey times between these locations and potentially make places along the line more desirable places to live. Property experts believe that as a result of the new train services many places along the various routes will become more desirable as a result. This means that house prices tend to rise in areas that are made more easily accessible.
Property expert Mr. Jervis has said that for time-starved commuters proximity to public transportation links is highly desirable and boosts house prices in the immediate area significantly.
Mr. Moretti further added that the government plans to run trains every 15 minutes once the Milan-Rome link is ready and already 50 billion euros have been invested in building Italy's high-speed train network. The improved accessibility could prove attractive to tourists and overseas property investors. The new rail links are expected to broaden the range of travel options available to consumers.
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