The Italian property market is set to experience a very busy year in 2009, according to a property specialist firm.
InCalabria, which specialises in property in Southern Italy has stated that southern Italy particularly Calabria is set to see a wave of new investors in the coming months despite the credit crunch. Property expert Dennis Onstenk, director of InCalabria, has said that the area will experience a boost through increasing numbers of people wanting to buy property.
He said that the "good weather", attractive coastline and "strong rental potential", which would encourage people looking to invest in property in Italy. The beachfront property in Calabria can be bought for "less than half" of the average price of a home in the UK, themovechannel.com reports. This has prompted the incalabria firm to predict that Calabria will become one of the most popular investment markets in the Mediterranean.
Commenting on the investment trends, Rhiannon Williamson, director of Amberlamb said that Calabria's market is newly accessible and is less mature and is among those that offer the "best chance" for investors to achieve capital growth.
In related news, in Property Abroad's latest index, Italy climbed to sixth most popular destination for the most-searched for countries on its portal.
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