Italy praised by British investor

Wednesday May 7th , 2008

A homeowner and expatriate from the UK has highlighted some of the attractions of Umbria in Italy.

Penny Radford moved to the region in 1992 in order to run a guest-house, reports the Independent.

Speaking to the newspaper, Ms Radford outlined some of the recent developments which could potentially encourage more people to follow her lead.

For example, she praised the quality of the restaurants and rental accommodation in the region, as they have got much better in recent years.

In addition, she suggested that property owners could stand to benefit from considerable capital appreciation in Umbria.

Ms Radford commented: "Property prices have risen too and in some areas I think they are getting quite high."

The comments comes soon after Rupert Fawcett of Knight Frank reassured investors about current market conditions in Italy.

Speaking to the Times, he said areas such as Tuscany are holding up fairly well and maintaining their appeal to foreign buyers.