| The 2003 movie, "Under the Tuscan Sun" was all | | | | years for real estate worldwide. Many global real |
| about a San Francisco writer, Frances Mayes, whose | | | | estate market analysts are predicting a great 2010 for |
| marriage ends, and she decides to tour Tuscany to | | | | Italian real estate. |
| get out of her writer's block. She falls in love with | | | | Residential Properties |
| Tuscany, and buys a falling-down villa, hiring locals to | | | | Buyers of single family residential homes in Italy have |
| rehabilitate it to its former glory. It's a great story, one | | | | been on a buying spree in the rural areas outside |
| you should watch if you haven't already, or if you're | | | | major cities. If questioned, they cite the easy going and |
| considering doing rehab investing in Italy. | | | | laid back lifestyle in these areas, with easy access to |
| While UK investors have been less involved in the real | | | | the hustle and bustle of the cities when they want it. In |
| estate markets of Italy lately, it seems that the Russian | | | | fact, that movie was mentioned many times as |
| investors and vacationers are giving it a thorough look. | | | | stimulating their interest in rural Italian homes. |
| It seems that Italy's real estate hasn't suffered the | | | | Apartments in Italy |
| volatility of real estate in Spain and France, so | | | | The limited amount of living space coupled with |
| European investors have gravitated to those areas | | | | population growth have propelled apartment properties |
| where deeper discounts can be realized. Those deep | | | | to the point of being the most often conveyed |
| discounts aren't prevalent in Italy's market, that is unless | | | | residential property type in the major cities. Many of |
| you have romantic movie notions about rundown | | | | these purchasers are investors who then offer the |
| property opportunities. Russians have heavily invested | | | | apartments for rent to longer term business residents |
| in the Black Sea area and Bulgaria. It's logical that, with | | | | from outside the country, or to local residents who do |
| Italy just around the corner, that their attention would | | | | not wish to own, or can't in today's economy. |
| turn to Italy for fun and investment returns. | | | | Whether it's vacation property, retirement, or |
| With Italy declared one of the top five most visited | | | | investment that draws one to buy property in Italy, |
| destinations in the world, it's clear that this popularity | | | | there is ample evidence that the real estate markets |
| with visitors would translate into real estate investment | | | | there will continue to flourish into the future. |
| and a less volatile market during the last few difficult | | | | |