Italian property investors could be interested to hear that the country's winemakers are on course to become the world's top producers of wine which suggests the economy is improving, it has been reported.
According to statement released by Coldiretti lobby estimates, the production of Italian wine is up 8 percent over 2007 to 4.7 billion liters. France was the world leader last year and Italy is expected to seize the top spot as wine production fell in France by five per cent in the last 12 months.
The Global demands for wine is beginning to rise at a faster pace than the current production levels and Property investors view that the investment in Italy is a significant opportunity over the long term to supplement its ongoing commitment to the wine production. Coldiretti spokesperson Domenico Bosco told the Guardian that Italy is the world's biggest exporter by volume now.
According to Property Abroad's latest index, Italy climbed two places to sixth most popular destination for the most-searched for countries on its portal. According to chief analyst Liam Bailey, the country's success rests on its status as a secure and established property market. Italy’s exchange rate stability as it is within Euro zone and the country's historic, cultural and architectural heritage gives guarantees over the solidity of property values.
0 comments:
Post a Comment