Experts are claiming that those looking for bargain properties abroad should be looking at Italy for investment.

Charles Weston Baker, Director of the Savills’ International Department is just one person who is singing Italy’s praises, saying that he has noted many areas in which house prices are between 20-30% lower than what they were in 2007.

Italy now has less oversupply, mainly due to a weak market and stricter planning laws. This is a complete contrast to countries such as Spain, which have seen huge demand and a rise in property prices.

Knight Frank Prime International Residential Index found that many properties in Italy most popular areas such as Cortina, Venice, Florence, Sardinia and Tuscany had fallen by an average of 5%. The only area which registered an increase last year was Rome.

The Italy sales manager for Hamptons estate agents, Harrison D’Onofrio is recommending potential investors to look in Puglia and Calabria areas as there is even cheaper property available there.

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