Demand in the Italy property market may be bolstered by an economic recovery package agreed by the European Union (EU).

The European commission has urged the 27 EU member states to accept a €200 billion (£167 billion) package of fiscal measures similar to those introduced in Britain this week in the pre-Budget report.

Such measures, which would be the equivalent of 1.5 per cent of the EU’s gross domestic product, could help bolster economies and property markets, including that of Italy.

Those who are thinking of investing in Italy property may be doing so in an economy that will recover well from the recession, based on the projections of the Organisation for Economic Co-operation and Development (OECD).

It has forecast that while the country faces recession now, it will recover in the second half of 2009, which "should allow output to accelerate significantly during 2010".

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