May 7, 2009

Tuscany property with much to wine about

Property in wine estate
Tuscany has a timeless appeal, from hilly pastures, to dark oak forests and sleepy, sun drenched vineyards. As the home of the much-famed wine, Property in wine growing estates is the profitable way of investment in Tuscany real estate, it has been stated.

The Daily Mail reported in an article on Tuscan viniculture and property, that the choices available to those buying in the region include an apartment for £268,120 on a managed wine estate. According to agent Luca Santoro of House & Loft, those keen on investing in Tuscany property include an interest in Tuscan wines such as chianti and the fractional option is a good way to get into property ownership.

The publication also noted that such viniculture possibilities also exist in other parts of Italy, such as in Southern Italy, where the stone cottage deals in Basilicata or Puglia also include being supplied with 50 to 100 bottles each year.

Janet Street-Porter stated that due to a lack of supply and the red tape involved, the practice of restoring old ruined farmhouses has become expensive and harder to do. She also commented that the solution could lay in fractional ownership, citing the example of the Borgo di Vagli hamlet project - where the whole medieval settlement was restored by architect Fulvio Di Rosa and is available on this basis, the independent reports.

In related news, the Italian Iris Council said Tuscany property investors can also enjoy the many artistic features with its renaissance art, architecture, some unusual traditional events, such as the Barchini Boat Race, in which four boats on wheels and other floral events in the region in early May, such as the Greve Flower and Plant Show in the Chianti area.

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