Falling property prices and foreign investment benefits bring opportunities for investors seeking value for their money in the region.
It has been a long and steady downward trend in housing prices in Italy since the 2008 financial crisis. While the market began to stabilise in 2016, the growth of prices has remained lower than the European average, with desirable destinations, such as the Italian Riviera, offering plenty of good investment opportunities to local and international buyers interested in the luxury residential property market.
Recognising Value
While the ambiguous geopolitical climate has had its effects on the residential property markets of many European countries, global uncertainties have had minimal impact on the interests of investors looking to purchase a residential property in the Italian Riviera, considered to be safer than France or Turkey. Likewise, the effects of Brexit have been minimal in their impact on the interest of the Brits to invest in Italian property.
“Confidence in the market place has certainly increased, with a growing number of buyers recognising the relative value of the Italian Riviera in comparison to its counterparts,” says Alasdair Prichard, Partner in Knight Frank’s International team. “Bordighera, Cap Ferrat and Villefranche are frequently compared due to their close geographical proximity but prices differ between the Italian Riviera and the French Riviera.”
Foreign Investment Advantages
Continue reading your story on the app
Continue reading your story in the magazine
South Beach Residences - Singapore
South Beach Residences is one of Singapore's swankiest and most luxurious property developments situated in the historical precinct of Beach Road.
Shaping The Future
Design concepts for holistic wellbeing are at the centre of the latest design trends for luxury homes.
A Resilient Stronghold
The Gallic capital’s luxury residential market flexes its muscle and optimism.
Rebound Abound
Despite London’s then-political uncertainty, the country witnessed a demand in expensive projects.
Grand Expressions
High-rise luxury properties are fast becoming the norm in Ho Chi Minh City’s District 1 and 2
In Search Of A Greener Future
Eco-minded architectural firms in Asia are leading the way through their works of sustainable design and earth-friendly practices.
Reinventing Spaces
Old spaces and places around the world are getting a fresh lease of life through this new urban management strategy
A Maestro's Touch
Meet one of the brightest design minds in architecture, interior and furniture design – Antonio Citterio
Growth Spurt
Singapore’s Core Central Region is witnessing strong property sales despite concerns over the impact of COVID-19.
Power Combination
We discover if the way forward in the property sector is to combine the merits of retail, residential and office elements into mixed-use developments