Uk And Us Buyers Head Back To The Italian Property Market

Nov 19, 2014 507

UK and US buyers are increasingly looking to Italy to buy property. According to Robert Fawcett, a partner in Knight Frank's Italian team, Italy's traditional treasures – food, culture, wine, architecture – continue to attract overseas buyers.

Italy is still struggling to free itself from the after-effects of the 2008 crash and the Eurozone debt crisis, but a weak Euro has actually helped to bring in foreign buyers attracted by favourable exchange rates. 'Italy continues to face challenging market conditions with Europe again coming under the spotlight recently over its muted economic growth and with some of Italy' banks faring badly in the latest stress tests,' Mr. Fawcett said.

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Source: http://www.property-abroad.com

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