High-end properties in Italian housing market have been predicted to do "really well" this year, with one commentator saying it has good potential.
Linda Travella of Casa Travella, an expert in Italian property sales and purchases, explains that demand for such properties has emerged recently and this will be the most "buoyant" part of the market in 2009. The country's economy has been performing well recently and that the government has taken steps to make sure it is in a good position compared to other countries' economies.
She commented: "property investors know that January is a good time to buy in normal economic conditions as not many people view and vendors are more likely to accept offers."
Ms. Travella adds that people are looking to invest in overseas high-end properties as an alternative to storing their money in banks and stocks. Italy's success rests on its status as a safe and established market, making it popular with buyers who want to play it safe.
Meanwhile, countrylife.co.uk reports that Italy is "weathering the economic storm" with price rises in attractive areas and added that premium second homes are still greatly in demand, thanks to the country's "artistic heritage, strict mortgage policies and tight planning controls".
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