Mar 16, 2009

Lake Como is an enchanting area with timeless appeal

The exclusive, affordable, eco-friendly developments in Italy's Lake Como presents a wealth of opportunities for people looking for property in the country without breaking the bank.

Lake Como Properties
Property investors are able to find surprisingly good deals on both fresh and existing housing developments. Lake Como properties are reportedly bucking the downward trend, recording capital growth of 3.7% in January and with the region’s reputation on the rise, these properties are sure to increase more in value substantially over the coming years, reports telegraph.uk.com
Linda Travella, Italian property specialist has stated in the Telegraph that "the region has really taken off in the last five or six years."

Lake Como has also become a popular second home and holiday destination for the rich and the famous, including a string of celebrities, such as movie star, George Clooney, Richard Branson and Sting. The increased level of new build properties gives investors a wider choice of properties to choose from, while a healthy level of tourism promises steady rental income during holiday seasons.



Cheryl Lorenzo-Penn, Director of Chesterton Como, the leading London property company, comments, "Lake Como has a timeless appeal and the landscape is not disfigured by heavy construction. Property prices remain relatively constant, appreciating over the years. Italian property prices have not been hit as hard as in the rest of Europe, partly due to stricter Italian bank lending; LTV's rarely exceed 80%."

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