The Italy property market is in a solid and stable position as the country takes the global economic downturn in its stride, it has been stated.

Italy has seen little change in its fortunes because it has gone from a situation of low growth to one of slight decline, a much smaller shock than that faced by recently booming economies that are now struggling, observing that unemployment has only risen slightly and is still well below the levels of ten years ago, Reuters reports.

The news agency noted that the Italy property sector was never in a boom period and therefore shows no sign of a bust now, with most Italians not taking out mortgages.

Such a stable situation could encourage those looking to buy in the country.

Italy has retained its position among the most popular buyer destinations, according to a new poll.

Jet-to-Let magazine found that the country remains in 7th place among the most favoured locations to buy, unchanged from last year.

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