Foreign investors thinking about buying property in Italy can find good value in stunning surroundings in the southern Tuscany, according to a real estate expert.
Bill Thompson from international estate agency Knight Frank told Country Life that the area Southern Tuscany is easily "accessible" and had great potential, saying it was already popular with Italians.
Country Life described the Italian region has become a hotspot of activity among foreign property buyers, although current financial crises across the world have led to concerns regarding various property markets. Guido Lodigiani, of estate agent Gabetti, told the website: "prudent mortgage policies and strict planning controls and the country's historic, cultural and artistic heritage gives some guarantees over the solidity of property values."
The magazine added that seaside resorts such as Milano Martittima and Marina di Ravenna have recorded 4.3 per cent increase in property prices since last year. Porto Cervo and Capri are still enjoying high prices of over 10,000 euros (£8,089) per square meter.
This comes after the news that Alliance & Leicester recently rated Italy as one of the top three destinations offering the best quality of life for Brits looking to move abroad and also ranked sixth for being most cost-effective.
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