More UK buyers have been looking to the Italy property market in recent weeks as the pound has gained ground against the euro on the currency markets, it has been observed.

Mortgage agents and foreign exchange providers have noted that there has been a recent surge as sterling has gained ground, with the Italy property market being one of the beneficiaries of the trend, the Financial Times reports.

Director of dealing at foreign exchange firm Currencies Direct Mark O’Sullivan told the paper: "We have seen a dramatic increase in the amount of money entering the international property market in the last few weeks."

He said buyers have been given a "confidence boost" by the improvement in sterling.

And Nick Barnes at Knight Frank added that falling prices in some areas have also boosted sales, with Chianti being a good example in the Italy property market.

Calabria was identified recently by Homes and Villas abroad as an emerging property hotspot in the country.

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