Prospective investors in the Italian market have been pointed towards the dramatically metamorphosised region of Palermo in Sicily.
Palermo is Sicily's largest and most cosmopolitan city and attracting increasing numbers of holidaymakers for providing great dining as well as excellent shopping. The city reflects the influence of Phoenicians, Arabs, Normans and Spaniards architecture. The city centre provides liveliness to the visiting tourists and the fabulous unspoilt Mondello beach and the Tyrrhenian Sea are just a bus ride away.
Homesgofast.com has reported that Palermo has many fine examples of Arab-Norman and baroque architecture, and overseas property investors can easily find an old townhouse to renovate. The area offers much lower property values than other parts of the country. Furthermore, the unspoiled nature of the region means overseas purchasers have their pick of desirable locations to choose from.
Eddy Crompton, Director of RealPoint Property told Homes Worldwide that Sicily has hogged the limelight recently and interest in this island, that is host to medieval villages boasting a wealth of heritage and culture, is starting to increase rapidly. There are direct Flights from various UK airports to Palermo International Airport (PMO), also known as Falcone-Borsellino Airport and located 35 kilometres west of Palermo.
This backs up the recent report by the Fund management firm Pirelli RE Agency which stated that the Italian market is proving to be a popular choice with British buyers because it is easily accessible.
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