Feb 23, 2009

Golf tourism gives fresh impetus to the Italian property market

Italy's property market is benefiting significantly from the growth of golf tourism as it is one of the fastest growing parts of the Italian holiday industry.

Tourism chiefs in Italy are keen to boost visitor numbers and have decided to concentrate on attracting golfers. Italy is the place where visitors can find various golfing opportunities and it has excellent golf courses designed by Jack Nicklaus, Arnold Palmer, Robert Trent Jones, Pete Dye and Robert von Hagge. Golfers can experience playing golf by the Lake of Garda, the Lake of Maggiore and the Lake of Como. Playing golf while looking at the beauty of Italy's panoramic rivieras and viewing the Italian mountains that offers enthralling natural oases would be fascinating experience for golfers.

Officials try to promote art with golf tourism with holiday visits to the art cities of Venice, Florence, Naples, and Rome. New leisure outlets such as spas and restaurants are being built in the vicinity of leading golf courses. Southern Italy has more suitable environments for the development of golf. 300 golf fields, from the Aosta Valley to Sicily, and the constant increase in the number and type of players, are encouraging signs for the full growth of this sport.

And now, Tourism and property in the Lake Garda region, Italy may be boosted by a new golf tournament. The Italian Seniors Open Golf Tournament which started in the picturesque region of Lake Garda last year as part of a new three-year agreement is very important from the point of view of the economy and the repercussions it has in the region's property market.

Large-scale plans have been announced by government hoping to lure golfers. The regions of Tuscany, Piedmont, Lombardia, Emilia Romagna and Veneto have well-conditioned 18-hole courses are within short drives of one another. Italian tourism board is now highlighting the region of Friuli Venezia Giulia, in northeast Italy, eager to get the region a piece of the action. Italian government is aiming to build many courses around popular tourist resorts, which could create opportunities for property investment as golf courses tend to give a bit of fresh impetus to the property market.

Feb 16, 2009

High-end properties in Italy will flourish in 2009

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".

Feb 14, 2009

Italian Alps attracts investors

Property in Italian Alps
Overseas property buyers are increasingly choosing to purchase houses in the Alps, according to a property specialist.

Paul Collins of the BuyAssociation website said the Alps have become particularly sought-after by younger people because it is different to the norm and offers its own unique benefits. The Alps is also blessed with good weather during the summer months, which means it is consistently popular with leisure travelers.

Mr. Collins also commented: "The thing that's often underestimated about alpine properties is just how good the weather is in the summer."

Gemma Knowles, Italian property specialist said that Matterhorn (Cervino) valley resorts offer pistes for all grades of skiers. The resorts in Breuil-Cervinia allow the skier to spread out in one of the biggest skiing areas in the Alps. The link-up between Valtournenche and Zermatt offers extensive skiing between these marvelous valleys. Investors thinking about moving to the Italy in order to enjoy its slopes could look at Valtournenche or Aosta.

The town of Valtournenche is in the foot of the Matterhorn in the Aosta Valley, nearby to the more established purpose-built resort of Cervinia.

Ms Knowles added that prices can start at around £150,000 for small-scale new renovation projects and in Aosta which has access to the slopes around Pila, where "nice apartments" can be found for around £130,000.

She commented: "Valtourneche is a pretty village with ski runs directly joining the main pistes between Cervinia and Zermatt,"