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.
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
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