Southern Italy to surge in popularity for expats and overseas investors
Wednesday December 10th , 2008
Southern Italy is set to see a wave of new investors in the coming months despite the credit crunch, it has been claimed.
According to themovechannel.com, property expert Dennis Onstenk has stated that the area will experience a boost through increasing numbers of people wanting to buy property.
He said: "People's underlying enthusiasm to invest abroad has not been dampened," adding that a beach-front property can be bought for "less than half" of the average price of a home in the UK.
Mr Onstenk commented that the region's coastline, weather and "strong rental potential" made it attractive to overseas buyers.
In related news, a survey has shown that Italy is becoming more popular with people looking to buy property abroad.
The country climbed two places to sixth most popular destination in Property Abroad's latest index, which shows the most-searched for countries on its portal.
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