Italy's appeal as an international property hotspot is set to continue
Italy's appeal as an international property hotspot is set to continue with a surge in property searches being registered, a new report reveals.
The latest Hotspots Index, revealed that appetite for La Dolce Vita showed no sign of stopping whatsoever.
Italy made up 22 of the top 50 most searched-for hotspots on TheMoveChannel.com in Quarter 2 2016, up 57% from Quarter 1.
Rome accounted for 3.06% of searches in the three months to June 2016, up from 2.32% in the first three months of the year and almost double its 1.57% share in Quarter 4, 2015.
TheMoveChannel.com Director Dan Johnson says, “Italy's appeal has never looked stronger, with international buyers increasingly looking for property in the country.
“Interest is highest in Rome, Florence and other tourist favourites, with Italy now accounting for more of TheMoveChannel.com's Top 50 hotspots than Portugal (ten), Spain (seven) and France (four) combined.
“The Hotspots Index provides a quarterly picture of international property demand and, while the UK has voted to leave the European Union, Brits and other buyers are still in love with European property: Europe accounted for all but two of the Top 50 hotspots in the three months to June 2016.”
Rome remained the most sought-after hotspot in the world, ranking number one in TheMoveChannel.com's Hotspots Index for the fifth quarter in a row.
Italy made up four of the Top 10 hotspots alone, ahead of Portugal (three), Spain (two) and France (one).
Florence rose eight places to seize second place, while Verona rose three places into fifth and Napoli jumped 14 places into ninth.
Despite the recent UK Brexit vote, when it comes to property demand the country's growing popularity highlights how in-demand European real estate is.
With record low property prices in Italy and favourable mortgage rates, this versatile Mediterranean country remains an attractive proposition for both EU and non-EU buyers alike.”
If you are looking for a short or long term rental or sale properties in Italy, ECSM Property Ltd has an extensive database. Furthermore our staff is on hand to assist with finding you a new, luxury or bargain residence at this sunny Mediterranean hot spot. For more information and detailed guidance about Italian properties look at our website www.ecsmproperty.uk.com We look forward hearing from you.
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