Home owners who are looking to invest in property in Europe are being urges by international property experts to think about buying property in Italy as a holiday home or permanent residence.

 

Many believe that the Italian property market is in a good place right now, performing well and with plenty of bargains to attract investors from abroad. Italy also remains one of the top destinations for holidaymakers from all over the world.

If you are buying a property in Italy with the intention of letting it out, you could expect to earn a rental income of at least 4.5 per cent every year, making a second home in Italy an attractive investment.

One expert said: “Whilst property prices have increased over the last ten years, they did not escalate [in Italy] with the ferocity they did over much of the rest of Europe. The market is slower now than it has been for a long time however, which means you can pick up a bargain if you find someone who really needs to sell or move.”

Although you can expect great returns on your property, beware of the changing seasons and perhaps think about visiting the property yourself in the off-peak months so that you can make of increased occupancy in the peak tourist season. Also, if you receive rental income in euros and need it regularly transferred back into Sterling, consider using a currency specialist, such as Smart Currency Exchange. Typically, Smart Currency Exchange will offer better exchange rates than the banks and has solutions for fixing competitive exchange rates for future transfers.

To understand the full step-by-step process to buying a property in Italy, collect The Overseas Guides Company’s ‘Italy Property Buying Guide’